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Imagine Vegan Cafe

Summary

Imagine Vegan Café is a restaurant located at 2158 Young Avenue in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. Sales have decreased 50% and the company has had to lay off 9 of 14 employees. The restaurant also suffered supply interruptions and has accumulated debt to other vendors.
Stabilization and Recovery Plan:
• Created new marketing campaign
• Launched daily and weekly specials to drive traffic
• Gone to pick-up and delivery only during mandated health directives
• Satisfying outstanding claims to maintain good standing with vendors and landlord
The NEED Grant funds will be used to supplement rent, utilities and supplies.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

2/3/2021

Imagine Vegan Cafe

2158 Young Avenue , Memphis, TN 38104