Orlando Company Wants to Purchase Mangos Restaurant and Lounge on Las Olas
|Will Mangos be sold to an Orlando company?|
Big Three is an early-stage development company with plans to purchase nine Kentucky Fried Chicken stores, one Taco Bell, one Long John Silver -- and Mango's.
With its island theme and large indoor/outdoor bar, Mangos has long been a fixture on Las Olas, especially during weekends, when live bands provide music for dancing and happy hours provide locals and tourists alike a place to mingle over cocktails and fish dip.
In a news release issued by Big Three Restaurants, the public company stated it has entered into a letter of intent to purchase both the restaurant and lounge for $2.5 million and the real estate for $5.6 million. The purchase of Mangos is contingent on funding, completion of due diligence, and entry into a definitive agreement.
According to both parties, Mangos would operate as usual, with just a change in ownership. John Day, a partner in Mangos for 21 years, was surprised that a news release had been issued by Big Three Restaurant. He said that although the sale was not yet completed, if it were to go through, "things will not change." "We are a legend in our own time," he told Clean Plate Charlie. "Mangos will roll right along."
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