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1710 W US 41 Ishpeming, MI 49849
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Key Details
Sold Price $300,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $100
Subdivision Mi
MLS Listing ID 50073290
Sold Date 03/10/23
Lot Size 2.020 Acres
Acres 2.02
Lot Dimensions 550x278x278x75x220x92
Property Description
OPPORTUNITY | REPUTATION | LEGACY | HISTORY ...All of these are available to the next owner of this classic Yooper food service establishment! HISTORY: The Russo Brothers founded a namesake grocery store after immigrating to the area in 1938. LEGACY: Fast Forward almost 85 years later, and you'll find that store sold to Super One, and the legacy of the Russo Family living on through Mama Russo's Homemade Products and Catering, started and continued by John and Jean Korhonen. REPUTATION: Mama Russo's is loved by locals across their service area which includes most of the U.P. and NW Wisconsin. Their quality products can be found in most of the local grocers, including Super One, Econo, Pat's Foods, and even larger box stores like Meijer! The are the largest offsite caterer in the U.P. as well, covering most counties including Marquette, Alger, Schoolcraft, Delta, Dickinson, and the Keweenaw. Demand for that service in particular is expected to grow quickly post-pandemic. OPPORTUNITY: Couple the current and future demand with expansion possibilities! There is little competition for catering in the UP, and with the wedding industry rebounding that demand is only expected to increase. There are four streams of service: Frozen food, Deli Salads, Meats, and Catering. All four areas could be successfully expanded, all it will take is the right person with the right vision to step into the position of owner! Included in the purchase is all of the equipment (the equipment alone is worth over $500,000), truck and trailer, recipes, reputation, and good will. Inventory available for separate price, and the John and Jean are willing to stay on for a period of time to help with the transition. After 58 years of dedication to building this wonderful and much-loved business, John and Jean are ready to embrace retirement, and pass the torch to the next owner who will continue the legacy. Head to MamaRusso.com to see their current offerings!
Location
State MI
County Marquette
Area Ishpeming Twp (52012)
Zoning Commercial
Interior
Cooling Central A/C, Exhaust Fan
Exterior
Parking Features 11-20 Spaces
Building
Water Public Water
Structure Type Block,Concrete/Block
Others
Ownership Other/See Remarks
Acceptable Financing Cash
Listing Terms Cash
Financing Cash,Conventional
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Bought with RE/MAX 1ST REALTY