By: Meaghan Olson
March 17, 2011
The Park Ridge, Illinois cookware and food preparation equipment store Dominic's Kitchen Store has closed, and its owner, Dominic Cimilluca, has filed for Chapter 7 bankruptcy.
According to the Park Ridge Herald Advocate, the store first opened in 2003 and enjoyed growing sales even in 2008, when the poor economy created problems for many other businesses nationwide. Sales eventually ceased to cover the store's growing expenses, and Cimilluca reportedly ran into trouble when customers began asking him to match food preparation equipment prices they had seen on the internet. Cimilluca confessed he could not do so due to high overhead costs.
Now that the business has closed and its owner has filed for bankruptcy, its shelves remain stocked with leftover goods, the news provider reports. Cimilluca's personal bankruptcy filing required that he leave everything behind - much of the inventory will reportedly be sold to pay off his creditors as part of the bankruptcy process. Under a Chapter 7 bankruptcy like that of Cimilluca, a trustee oversees this liquidation, according to the Administrative Office of the U.S. Courts.
"We love Park Ridge; we love the people. It's just a hard place to do business," Cimilluca said.