Chicago vintage shop eyes move to more tax-friendly area

Publish Date: 
Mar 14, 2012

 

Ace only stocks high-end jackets and helmets that customers can’t find cheaper online because of across-the-board pricing policies.

Kirchgatterer says Ace ended its first year in the red despite about $80,000. By last year, revenue had grown to about $500,000 and Ace had turned profitable. But because of business costs, Dade only draws minimum wage and Kirchgarterer is unpaid. Even so, they say local business costs are a bigger challenge than the overall economy.

“The economy is actually our secondary concern,” Kirchgatterer says. “It would be nice to get out of Illinois—not because I want to live on the beach—but because of taxes.”

Posted by Holly Wagner

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