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SummaryB’Chanel Salon is a salon located at 3340 Poplar Avenue, Suite 328 in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. The Applicant’s business classified as non-essential has left her without a means of generating revenue as her business is 100% dependent on servicing clients.-Applicant is using savings to pay business expenses.-Lessor is not agreeable to deferring payment of rents.
Stabilization and Recovery Plan:
• Will implement new marketing strategies to include a Social Media marketing campaign
• Will offer referral program to customers, increase services and product offerings
• Will not allow more than 1 client in salon at the same time
NEED Grant funds will be used for rent, utilities, outstanding vendor payments, and to purchase PPE to be used once reopened.
Projected Total Jobs: