King bought her Southampton bakery building for $350,000 via seller financing
Kathleen King · Tate's Bake Shop: Kathleen King · Dec 16, 2019 · at 20:13
Kathleen King, founder of Tate's Bake Shop (formerly Kathleen's Bake Shop), describes buying a commercial property in Southampton to expand her bakery in the 1980s.
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“It was 350,000 dollars for the building, and he wanted 50,000 dollar down payment, and he would, he himself would hold the mortgage for 300,000 at like nine and a half percent interest back then.”
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