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The Wax Bar Memphis

Summary

The Wax Bar Memphis is a skin care shop located at 80 Tillman, Suite 10 that has experienced at least a 25% drop in revenue as a result of COVID-19. The business was forced to close completely. All 5 employees laid off. Additionally, suppliers closed so business was unable to virtually sell products from skin care line. Business owner paying debts from cash reserves.
Stabilization and Recovery Plan:
• Launched a paid add campaign on all social media platforms
• Will provide PPE to all employees and customers
• Working by appointment only
• Front desk staff practicing social distancing protocols
NEED Grant funds will be used for rent, utilities, PPE equipment, and shop supplies.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

6/12/2020

The Wax Bar Memphis

80 Tillman, Suite 10 Memphis, TN 38111