Dominic's, located at 15 Pete Neiser Drive, announced on their Facebook page after four years of being in business.
The closure of Dominic's in Alexandria is the latest in a trend of small-business closures in Alexandria. In 2017, the city passed a gross receipts tax, that some have said is at the forefront of some of these closures.
Owner Scott Chichelli told Fort Thomas Matters that when he opened in October of 2014 he was optimistic.
"I ran the numbers and if only half of the people in Alexandria would eat here only once a month, I would be very busy. That wasn’t even counting surrounding areas. We never reached those numbers," he said. "It took three years to see any profit, and then it wasn’t much. People continued to go the chain restaurants rather than supporting us."
Chichelli said he was forced to sell his home and moved to Tennessee to be near family.
"My head cook was interested in taking over and keeping (the restaurant) open (and) on July 28th I basically handed him the keys. I left everything in my name and no money down with an agreement (that he would) pay me monthly. Sadly he was not able to make it."
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Mayor-Elect, Andy Schabell, said that he believed the tax is one of the biggest issues the city faces.
"I believe that the biggest issue that we are facing right now is the mass exodus of small businesses from our city. Unfortunately, in 2017 the city passed the largest tax increase in our 184 year history," Schabell wrote in a Facebook post.
He said he intends to form a business retention and development committee to work with existing businesses and keep these established businesses in the community.
"I will not sit by and watch numerous businesses close their doors without a plan to recruit and retain new businesses."
In November 2017, the website Only in Your State named Alexandria the "Best Small Foodie Town" in Kentucky.
Fort Thomas Matters has reached out to the owners of Dominic's for comment.