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Lindley Estes is a business writer for The Free Lance-Star and Fredericksburg.com. This blog is on Fredericksburg-area business. Send an e-mail to Lindley Estes.

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Paul’s Bakery will remain in the Glancy family

bzbakery5Paul’s Bakery will remain in the Glancy family after all.

Paul Glancy and his family have owned and operated the popular bakery at 2008 Lafayette Blvd. in Fredericksburg for more than 40 years.

Last year the Glancys decided to put the bakery up for sale with a list price of $750,000. They hired local appraiser and Realtor Chris Kaila of Exit Professional Real Estate to appraise and market the business.

Kaila said multiple potential buyers expressed interest in buying the iconic bakery and indicated that they wanted it to operate just as it has for decades.

But the Glancy family ultimately decided not to sell it, according to an announcement made Wednesday on the Paul’s Bakery Facebook page.

“Paul’s Bakery is officially off the market and no longer for sale,” the announcement says. “Ownership & Management will remain in the Glancy family. More details will be published at a later date.”

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Permalink: http://news.fredericksburg.com/businessbrowser/2014/04/02/pauls-bakery-will-remain-in-the-glancy-family/

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