Summary

Lilee’s Gourmet Bakery, LLC is a bakery located at 6880 Hillshire Drive, #4 in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. Revenue declined due to in store tasting demonstration policies associated w/ COVID-19. Forced to reduce her 2 staff members’ hours. The business is operating from owner’s cash reserves.
Stabilization and Recovery Plan:
• Able to work out arrangements with creditors
• Increase marketing strategy through TV commercials, GEO Fencing, and social media
• Hire additional sale representatives to grow accounts
NEED Grant funds will be used to cover rent, salaries, and utilities.

Financing Amount:

Projected Total Jobs:

Total Investment: