Kathy’s Pies, a longtime bakery near downtown Cedar Rapids, has a new family at the helm.
New owner Amy Jordan told the CBJ she closed on a deal to purchase the business, located at 616 Fifth Ave. SE, from former owners Terri Henecke and Kathy McCauley on Feb. 1.
The building itself was not part of the deal, as Mercy Medical Center owns the property and is leasing it to the bakery.
The bakery’s owners put the store up for sale early last year, 33 years after Ms. McCauley and Ms. Henecke’s father opened it. The listing didn’t receive much interest until a series of news stories in late November caught fire on social media and caught the attention of prospective buyers.
Ms. McCauley said she met with 13 groups about making a sale since November, while her real estate agent received 30 offers.
Ms. Jordan spent most of her professional life in human resources, but acquired an in-home bakery license last May with the goal of opening a storefront in North Liberty or Coralville with the next two years.
When she heard about the store coming up for sale, she immediately began to put together a bid. Ms. Jordan won because she was the fastest to make an acceptable offer, Ms. McCauley said.
Read the full story in the digital edition of the CBJ.