After Decline in Receipts, Selig's Vermillion Restaurant Closes

by Arkansas Business Staff  on Thursday, Apr. 9, 2009 9:23 am  

Mike Selig's Vermillion restaurant in Little Rock has closed after six-and-a-half years, Selig announced on Thursday.

In a note addressed to "friends and loyal Vermillion customers," Selig said Wednesday was the restaurant's final day of operation.

Selig did not give a reason for why the restaurant, located on the first floor of the Capital Commerce Center in the River Market District, closed. Its Web site was still up as of Thursday morning.

Vermillion reported taxable receipts of $331,448 for a six-month period of September to February, according to the Little Rock Convention & Visitors Bureau. That figure does not include alcohol sales.

Last year, Arkansas Business reported March receipts for the restaurant of about $62,000, excluding alcohol. That figure was down 23 percent from March 2007.

(In 2007, Arkansas Business looked at receipts for Little Rock's upscale restaurants. Click here to see a PDF chart of receipts for 2004-2006.)

The restaurant was current on its taxes, the bureau reports. Taxes for March are due by the end of this month.

The Department of Finance & Administration issued Vermillion's a business closure notification Feb. 11.

Selig's Note to Customers
Dear Friends and Loyal Vermillion Customers,

It has been a wonderful 6 ½ years that we have shared together, but after long and hard deliberation; I have decided to close Mike Selig's Vermillion.
 
Wednesday, April 8, 2009 was our last day of operation.
 
Mike Wallace and I would like to thank the many loyal friends that have supported this venture, especially Jimmy Moses and Rett Tucker for their never wavering support and belief in what we were trying to accomplish. Their vision of the River Market District is one that we share, and will continue to support for many years to come. There are way too many other people for us to name them all, but know that each and every one of you will be forever in our thoughts and gratitude.
 
When the time and situation are right, maybe we will once again be able to dine together. Until then...Thank you!
 
Mike Selig
Mike Wallace 

 

 

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