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SEKISUI INCORPORATED 2
SummarySekisui was originally awarded an EDGE NEED grant on 7/10/2020. An additional grant award of $5,000 was provided due to the effects of a subsequent Shelby County Health Department health directive placed on restaurants, bars and local grocery stores.
Sekisui Incorporated is a sushi restaurant located at 25 South Belvedere that has experienced at least a 25% drop in revenue as a result of COVID-19. The restaurant has been reduced to to-go orders, sales are down 88%, and staff has been cut dramatically.
Stabilization and Recovery Plan:
• Increased social media outreach and continued traditional advertising.
• Established payment plans with vendors to ensure supplies are ready when business returns.
• Planning to safely reopen dining room when restrictions lift.
• Received $98,700 PPP and $149,900 EIDL.
NEED Grant funds will be used to offset supply costs during recovery period.
Projected Total Jobs:
SEKISUI INCORPORATED 225 South Belvedere , Memphis, TN 38104