Prominent local restaurateurs reportedly have already expressed interest in the space, which is between the popular restaurants Rouge and Parc.
Devon Seafood Grill will end its 25-year run across from Rittenhouse Square on New Year’s Day and 76 people will lose their jobs, according to a company filing with the state Department of Labor & Industry.
Among the 76 Devon employees to be laid off are four managers, 28 waiters, 20 kitchen employees, 10 bus workers, six hosts, five bartenders, two food runners, and a dishwasher, according to an email sent to employees and seen by The Inquirer. Such numbers suggest that Devon grosses just shy of $7 million a year, since labor in a fine-dining restaurant typically amounts to about 35% of sales. A restaurateur who declined to be named said a restaurant of Devon’s scale and location should be capable of generating twice that revenue.
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