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Eggxactly Breakfast & Deli

Summary

Eggxactly Breakfast and Deli is a restaurant located at 1248 Marlin Road in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. Applicant has seen an 81% decrease in monthly revenue. The Applicant furloughed 3 employees and reduced remaining employee to 18 hours/wk. Forced to reduce operating hours by 50%and serving only to-go orders 3 days/week. Owners contributing $2,000/month to cover revenue shortfall.
Stabilization and Recovery Plan:
• The Applicant will rehire furloughed staff and increase operating hours as COVID-19 restrictions are lessened
• Implementation of cleaning and sanitation protocols as directed by Department of Health
• Increase marketing through social media and news outlets
NEED Grant proceeds will be used to pay loan debt, property taxes, utilities, insurance and other outstanding obligations.

Financing Amount:

$8,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

5/8/2020

Eggxactly Breakfast & Deli

1248 Marlin Road , Memphis, TN 38116