
Help Tavern on Jane Survive
Donation protected
It's hard to ask people for money.
I have known Michael Stewart for many years of both friendship and business. His restaurant Tavern on Jane has been not only one of my first "homes" in New York, but it has been a neighborhood gem and staple for now 28 years! Unfortunately, Tavern on Jane finds itself in a time where they need help. They need money. While I mentioned the idea of a GoFundMe to Michael, he was uncomfortable asking himself. So, I am taking it upon myself to humbly ask for your support for Tavern.
Just before COVID happened, Tavern took out a business loan for general assistance with costs of operation. The loan was $160,000, and they were paying it off without any issues. Originally, this would have been paid off in December 2020. However, we all remember what happened in 2020.
During COVID, Tavern lost almost 2 million dollars in revenue. With these losses, the original loan ballooned to over $500,000 to include the costs of required refinancing charges. As we all pushed through COVID and the continued recovery, Tavern kept their chins up hoping support would come to abate the widening borders of the monetary pit they were finding themselves in. I helped Michel apply for The Restaurant Relief Fund, which was predicated on the business losses due to COVID. While many other restaurants received this . . . Tavern was not so lucky. If Micheal had received these funds from the RRF, they would have taken care of his deficits––now his original loan and revenue losses are well over 2 million dollars.
I ask for you "To Help Tavern Survive" and allow it to breathe and recuperate.
The money raised by this will go directly to expenses for the restaurant by paying these outstanding totals. Some of which are long past due.
Even though business at Tavern has returned to the brisk bustle of the days before COVID, with the cost of everything it is impossible for them to catch up. People tell us all of the time that this place can never go anywhere. And I couldn't agree more wholeheartedly. We all would love to maintain Tavern for a long time and continue to be a source of comfort for the neighborhood. If they have been doing so for 28 years, how can they stop now?
We thank you for your continued support and we look forward to keeping Tavern on Jane in the community for the next 28 years!
From Kaila Rose for the support of Tavern on Jane
Organizer and beneficiary
Kaila Rose
Organizer
New York, NY
Michael Stewart
Beneficiary