One of Little Rock’s best-known independent coffee shops is changing hands.
Mylo Coffee Co., located at 2715 Kavanaugh Boulevard, is being sold by its owners Stephanos and Markos Mylonas. Now a brick-and-mortar store, Mylo was originally part of the Hillcrest Farmers Market where Mylonas sold home-baked pastries and pour-over coffee.
The new owner, according to Markos Mylonas, is a Little Rock individual with experience in the coffee industry.
Despite their success in building Mylo’s brand in Little Rock, the Mylonas brothers are looking to shift gears in their careers. “We are looking for a change of career. That’s why the sale has occurred. We’ve been working on it for a few months now,” Markos says.
A post on Mylo’s social media account was put up this morning (Friday, April 26) announcing the change in ownership.
“It’s something we have been working on for a little bit. Both us and the new owners are very happy with the transition. It’s not something that’s happening out of necessity – it’s a decision that we’ve been working towards for the last few months. We’re excited to move and do new things,” Markos Mylonas says.
Mylonas says the store is expected to remain mostly unchanged under the new ownership.
In the coming months, the brothers will remain involved in the company as an “as-needed basis.” Both will be helping with the ownership transition. “We’re both going to still be around for a few more months to help with the transition, so people are still going to see us here,” Markos says.
More details will be coming soon. According to Markos Mylonas, there will be an official announcement of the ownership change next week.
Images courtesy of Mylo Coffee Co.