SAN ANGELO, TX – The owner and founder of San Angelo's beloved downtown coffee shop has decided to put his business up for sale.
Stango's Coffee Shop has been the heartbeat of downtown San Angelo for over eight years. Now Steve Stango and his crew have decided to call it quits and sell the business.
"After working 16 hours a day for nearly a decade, I'm ready to do something else," Stango told us over the phone.
He said the high stress and financial unpredictability restaurant owners endure during the pandemic may have been the final straw.
"I'll be honest. Business is slow right now. However, I know once the COVID issues subside in less than a year, this place will be making a ton of money again," Stango said.
Steve says he will being staying in San Angelo because of his love of the city.
Stango's remains open until a new buyer is found. The asking price is $625,000 and that includes the historic building and the business. Stango said he will train the new owner on how to make his delicious pizza and brew his fresh coffee. The building has a 5,000 -square-foot living quarters on the second floor.
The Stango's building is being sold through Concho Capital Real Estate.
The listing states, "Popular downtown coffee shop and pizzeria. 8 years of successful business as a cafe' and 4 as a pizzeria. Stunning 20+' ceilings decorated in vintage decor. Seating for 92. a full bar, loaded commercial kitchen, and a loft area. In the back is a two-story 1bed/1.5 bath apartment with all the amenities, with an upstairs loft bedroom, and bathroom. To top it off, in the back is a charming patio with 2 rented covered parking spots. If you're looking for a turn-key business with rental opportunities, look no further, this is the investment for you! The only thing better than this deal is the pizza!"
The coffee shop has been a pillar of downtown San Angelo throughout the years. In Dec. 2018, Stango's teamed up nextdoor ARock salon to bring Christmas cheer to those in need.
In Dec. 2019, a thief stole cash from the Coffee Shop. Stango's told the thief if he brought the money back that nothing would happen. The man brought the money back and Stango's kept their word. See: Stango's Coffee Shop Hopes Lesson was Learned After Thief Returns Cash
Following the first shutdown, Stango's participated in an event called Downtown Strong. This event was to help boost downtown's economy. Check out this video of Steve Stango during the event:
Stango's was also a place for the voice of the people. This was the spot where all the bar owners in the city gathered to protest the shutdown of bars. Following this protest, a number of bars were able to strategically open through TABC loopholes. See: Bar Owners Protest Being Forced to Go Broke
Stango's will still be operating normal hours until the business and real estate are sold. For more information on the property and business for sale, see the listing. Steve Stango can be reached via email at [email protected].