In Lean Times, Restaurants Barter For Trade Services – By Wall Street Journal

Independent restaurants are turning to an old-fashioned method to fill tables—barter.

As they struggle to keep customers and pay the monthly bills, restaurants are swapping food for services like oven-hood cleaning and pest control.

Bartering helps restaurants fill seats, reassuring prospective customers who might be turned off by the sight of a vacant eatery. It also attracts new customers when tradespeople bring friends along, reduces some costs, and helps retain employees who can’t scoop tips off empty tables.

It’s hardly a permanent fix for ailing restaurants, which still need cash to cover such expenses as rent, mortgages, taxes and utilities. But bartering is an especially useful tool for independent restaurants that, unlike some chains, lack access to corporate credit lines or cash.

You can read more when you click on “In Lean Times, Restaurants Barter For Trade Services – By Wall Street Journal”

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Tags: Art of Barter, Barter Bartering, Barter Business, Barter Deals, Barter Exchange, barter exchange (s) Pte Ltd, Barter Singapore, Bartering, conserve cash, cover expenses, increase sales, New Business, restaurant barter, save cash

This entry was posted on Saturday, December 5th, 2009 at 7:30 am and is filed under Barter Restaurant. You can follow any responses to this entry through the RSS 2.0 feed.