Cupcakes on Kavanaugh, a Little Rock favorite located in the trendy Heights District, changed ownership on Thursday, November 30 2017. The previous owner and founder, Christy Milligan, sold the thriving cupcake bakery to new owners Marcie and Michael Apel of Little Rock. Marcie will run the business and plans on keeping it in its current location. The business will continue to serve local residents and Central Arkansas its delicious and gourmet cupcakes!
Christy founded the business in 2008 and built it into one of Central Arkansas’ favorite bakeries, serving specialty gourmet cupcakes and other delicious treats. Located in the original spot off of Kavanaugh in the Heights, Cupcakes on Kavanaugh developed an unmatched reputation over the last ten years under Christy’s guidance and direction. Recently she began to pursue other business ventures and felt as if it was time to move on to another chapter of life by selling the bakery. However, she did not want to sell it to just anybody, and after trying herself, thought it best to pursue the services of a professional team to best help her sell the business to the right buyer.
Her search did not take long as she was quick to find CBI of Central Arkansas, part of the CBI TEAM and Arkansas’ largest and most successful Business Brokerage firm. She enlisted the services of Owner Connor Grimes and Shep Campbell, Senior Intermediary, in order to confidentially list and sell her business.
CBI was engaged in April of 2017, and 7 short months later found the perfect buyers in Marcie and Michael Apel. Christy knew these were the right buyers, and the Apels were thrilled with the opportunity. Thus a deal was quickly reached, and the closing was conducted with smoothness and efficiency. The keys exchanged hands on a Thursday morning, and the Apels were off and running. They look to carry Cupcakes on Kavanaugh into the next generation of ownership, building on the already solid foundation laid by Milligan. So stop by and say hello to the new owners, and continue to enjoy your gourmet cupcakes for years to come!