Mitch Lazeren, owner of the Bonanza location on US-41, released a statement on Friday, confirming that Bonanza in Marquette will be closing its doors.
When will the last day be? Mitch says the doors will close for the final time on Sunday, January 26. He cited wage increases, rising food costs, increased taxes and a changing economy as reasons for the closure.
"This was a business decision, not something that I took off the fly," said Mitch.
Bonanza currently has 42 employees, three of which have been working there for 34 years.
He added that the decision came after several months of going over the numbers and talking with the bank, ultimately coming to the conclusion that closing would be best.
Bonanza will be open during the usual hours through Sunday, operating as usual. Read below for a full letter from Mitch regarding the closing.
"March 14th, 1977 was one of the greatest days of my life, except for my wedding to Sharon and the birth of our 5 children, Joe, Frank, Janina, Mandy Sue and Jeff.
Owning my own business has been outstanding and rewarding. The fun part was teaching young people how to become successful and seeing them move on into their own careers and also, making the business successful and giving our customers a happy and great dining experience over my 37 years of operation.
Many things have changed over time, wage increases, rising food and other costs, increased taxes and a changing economy. These things take a toll on any business. It is no longer fun when you are fighting these battles on all sides. If anyone thinks that rising costs are no big deal they should think again!
The reason for closing my restaurant was strictly a sound business decision.
I would like to thank my partner Ed who stuck by me during the good, the bad and the ugly. Thank you to all my past employees who I had a chance to work with over the years. A big thank you to my current crew and those who have worked with me for many years. I won't start naming names, you all know who you are!
Last but not least, thanks to all the customers who made it possible for our employees to get a weekly pay check. Unfortunately, we did not have as many as we needed in the last 5 years.
I want to say Thank You to everyone, you will all be special to me always.