‹ Back To Loans

Three Sisters Deli

ID: ED 20161101
Inner City Economic Development Loan
County Comission District: 7 | City Council District: 7

Summary

Larry Williamson, dba Three Sisters Deli, was approved for an $18,946 Inner City Economic Development (ICED) Loan to help fund façade improvements, plumbing and electrical upgrades, interior restoration and HVAC installation at 1392 Kney. Total project costs are estimated to be $42,508 excluding working capital investment of $8,000.

Mr. Williamson has lived in the home next door to his family run deli his entire life. He is currently the Coordinator of Children and Youth for Case Management, Inc. Mr. Williamson was recently presented the Person of the Year award from Shelby County Schools for his work with the truancy board.

Three Sisters Deli and Sundry shop served New Chicago from 1949 to 2007 from this location. Mr. Williamson looks forward to bringing his family’s world famous shoulder dog back to Memphis. When reopened, Three Sisters Deli will sell hot, ready to eat sandwiches and salads. The deli will serve hamburgers and fish sandwiches but plans to specialize in pork and beef barbecue with a homemade slaw topping.

Mr. Williamson is most interested, however, in providing a neighborhood dining experience and community meeting place for people who have little access to prepared food options.

The loan will help complete a full restoration to the 1,042 square foot building, enable him to improve the kitchen and install a wheelchair accessible restroom. Mr. Williamson plans to manage the deli and hire two employees.

Loan Term:

3 years

Projected New Jobs:

3

Projected Retained Jobs:

Not applicable

Average Payroll:

Not applicable

Loan Amount:

$18,946

Loan Use:

façade improvements plumbing and electrical upgrades interior restoration and HVAC installation

Total Projected Capital Investment:

$42,508
Real Property:
Not applicable

Acquisition:
Not applicable

Construction:
Not applicable

Renovation:
$37,000

Machinery & Equipment:
Not applicable

Furniture, Fixtures, Office:
Not applicable

Equipment:
$5,508

Fees & Soft Costs:
Not applicable

Permanent Working Capital:
Not applicable

Miscellaneous:
Not applicable

Approved

11/2/2016

Closing

Not approved

Three Sisters Deli

1392 Kney, Memphis, TN 38107