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The Mona Lisa Banquet Hall and Salon
Summary
The Mona Lisa Banquet Hall and Salon is a Beauty Salon and Event Rental Space located at 3804 Park Avenue in Memphis that has experienced at least a 25% drop in revenue as a result of COVID-19. Due to the age of the salon customers, the business has decreased the frequency of visits during pandemic. Special events were cancelled and have been slow to reschedule. Additional disinfecting and safety protocols have added expense at a time when revenue is down.Stabilization and Recovery Plan:
• Trying to reschedule parties and book new events
• Doing maintenance on facility and upgrading inventory
• Received $1,000PPP, $5,000 TBRP
NEED Grant funds will be used to supplement rent and utilities moving forward
Financing Amount:
$5,000
Projected Total Jobs:
Not applicable
Total Investment:
Not applicable