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Chopper City Barbershop

Summary

Chopper City Barbershop is a barbershop located at 2824 Coleman Road in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. The shop closed for 3.5 months. Upon reopening, the shop only saw 30% of clients return. They are now at 60% of original business levels. The business owner covered all expenses during closure with money from savings.
• Stabilization and Recovery Plan:
Utilizing marketing methods such as email/text message blasting and direct calling regular clients
• Continue to promote on all social media outlets and now offer online appointment booking with no waiting times
• Separated each barber station 7 feet apart to better practice social distancing
• Received $5,100infusion from PPP, $15,288 from EIDL, $1,000 from BBA and $3,000 from the State of TN
The NEED Grant funds will be used for rent PPE and overhead shop expense.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

2/3/2021

Chopper City Barbershop

2824 Coleman Rd, Memphis, TN 38128