Summary

The Cove is a full-service restaurant located at 2559 Broad Avenue in Memphis that has experienced at least a 255 drop in revenue as a result of COVID-19. The restaurant was closed for six weeks. The owner had to cut staff from seven to five employees. Since reopening, sales have been about 60% of average.
• Stabilization and Recovery Plan:
Improving online presence
• Placed billboard near Overton Square
• Promoting patio dining
NEED Grant funds will be used to supplement payroll.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

10/7/2020

The Cove

2559 Broad Avenue , Memphis, TN 38112