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Maggie’s Pharm

Summary

Maggie’s Pharm is a gift and herbal pharmacy shop located at 13 Florence St that has
experience at least a 25% drop in revenue as a result of COVID-19. The shop was forced to
furlough 2 full-time employees, transition to curb-side and mail order and deal with
supplier interruptions.
Stabilization and Recovery Plan:
- Promote sales through social media platforms.
- Revamping marketing strategy.
- Supplier has reopened and began to ship out products again.
- Supplying PPE to staff and adhering to social distancing guidelines.
Grant funds will be used for salaries, inventory, and utilities.

Financing Amount:

$7,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

6/26/2020

Maggie’s Pharm

13 Florence St, Memphis, TN 38104