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SQUARE POPS, LLC 2
SummarySquare Pops was originally awarded an EDGE NEED grant on 8/28/2020. 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.
Square Pops, LLC is a Popsicle eatery located at 1530 Concourse Avenue in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. The business closed completely in early March and remained closed with no revenue through much of June. The business missed its most profitable time of year in the frozen dessert business during spring and summer months. The location is still struggling due to lack of foot traffic at Crosstown Concourse.
Stabilization and Recovery Plan:
• Launched a delivery service to keep product in front of customers that order 10 or more
• Due to seasonality and weather dependency of the business, some reserves existed
• Focus on managing payroll as the largest expense
• Received a total of $49,500PPP for all locations but this has been exhausted
NEED Grant funds will be used to offset payroll expenses going forward.
Projected Total Jobs: