POTENTIAL PAUL’S BAKERY BUYERS DON’T PLAN BIG CHANGES
Multiple pre-approved buyers have expressed interest in an iconic Fredericksburg bakery that just celebrated its 40th anniversary.
But every single one has had one thing in common: They want Paul’s Bakery to stay just the way it is, said Chris Kaila of Exit Professional Real Estate.
Paul’s Bakery is on the market for $750,000. The Glancy family, which owns the business, hired the local appraiser and Realtor to field inquiries and broker the sale.
Kaila said there’s been strong interest in purchasing the business, but it has not been sold. The buyer will also be asked to lease the 4,700-square-foot space at 2008 Lafayette Blvd., where Paul’s operates. The Glancy family owns that real estate.
Paul Glancy and other family members will stay on for six months to a year to help with the transition after the business is sold, Kaila said.
“Every potential buyer has said, ‘We want Paul to stay as long as he wants to,’” Kaila said.
Cathy Jett: 540/374-5407