Mighty Fine Donuts' sale is pending. What we know about future of city of Erie fixture.
Editor's note: A previous version of this story indicated the statuts of H&K Donuts ownership. It is still for sale.
A group of buyers have an agreement with the current owners of Mighty Fine Donuts, 2612 Parade St., and the sale of the 55-year-old bakery is pending, according to a real estate transaction report posted Monday by Passport Realty, a commercial real estate firm.
Greg Rubino, the listing agent, confirmed the sale is pending, but would not disclose the name of the buyers or sale price. The official asking price is $795,000.
"The new owners will have their announcement when they want," Rubino said, adding that a sale can go from pending to closing in a few months.
Rubino did say the buyers intend to continue to make doughnuts and to modernize the shop.
"They have every intention of keeping the brand and bringing it into the 21st century," he said. "I think the community is going to be very happy."
Like many food service businesses, Mighty Fine has been struggling to find people to work enough to keep it open, despite community enthusiasm for their pastries. Owner Kevin Brigaman also had health issues that forced the store to close temporarily last year. The Brigamans — Kevin, and before him his father, Glenn Brigaman — have owned and operated the 14,918-square-foot shop since 1967.
Contact Jennie Geisler at jgeisler@timesnews.com or at 814-870-1885.
This article originally appeared on Erie Times-News: Erie PA's Mighty Fine Donuts shop sale to group is pending
