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Upscale Kutz, LLC

Summary

Upscale Kutz is a barber shop located at 1333 Madison Avenue that has experienced at least a 25% drop in revenue as a result of COVID-19. The shop closed due to being non-essential. The landlord was unwilling to offer rent relief. The owner has been paying debts from personal savings.
Stabilization and Recovery Plan:
• Reopened shop May 21, 2020
• Text message blast to current customers letting them know he was open
• Services are by appointment only
• When shop is not at capacity, walk ins are welcome
• Practicing social distancing and following all PPE guidelines
• Received a $5,000infusion from EIDL
NEED Grant funds will be used for 1 month of rent and restocking PPE for the shop.

Financing Amount:

$5,000

Projected Total Jobs:

Not applicable

Total Investment:

Not applicable

Approved

8/28/2020

Upscale Kutz, LLC

1333 Madison Avenue, Memphis, TN 38104