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THE CHOO 2
Summary
The Choo was originally awarded an EDGE NEED grant on 5/8/2020. 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.The Choo is a restaurant located at 3045 Southern Avenue in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. Sales no longer support staffing levels.-Costs of Goods Sold have in some cases doubled.-The most profitable day (Sunday) has completely dropped off due to area churches inability to convene.-Closed entirely for two weeks in April.
Stabilization and Recovery Plan:
• New suppliers are being identified in order to lower food costs
• Staff has been reduced to family and one part-time employee
• Reopened, trying to increase curbside take-out business
NEED Grant funds will supplement fixed costs of approximately $900 per month excluding payroll, food and supplies, and mitigate expected losses of $600 to $1,000 per month until regular levels of business return.
Financing Amount:
$5,000
Projected Total Jobs:
Not applicable
Total Investment:
Not applicable