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Therapeutic Salon & Scalp Clinic

Summary

Therapeutic Salon & Scalp Clinic is a salon located at 3449 Park Ave. in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. Overall closure has caused a 70% decrease loss to date. The shop is incurring additional costs with PPE and disinfectant, suppliers have been slow to ship hair and scalp products, and the landlord did not offer any rent relief.
Stabilization and Recovery Plan:
• Additional relief funding received has allowed business owner to reduce booth rents from $150 to $80.00 per week to keep stylists
• Continue to promote on all social media outlets
• Spacing out salon chairs beyond needed 6 feet
• Received $9,742 infusion from PPP and $2,500 from Shelby County
The NEED Grant funds will be used to satisfy rent and offset overhead expenses.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

2/3/2021

Therapeutic Salon & Scalp Clinic

3449 Park Ave. , #10 Memphis, TN 38111