Restaurants Offset Cash Expenses using Trade
Restaurants have been using Trade for years to help them offset cash expenses by trading gift certificates and gift cards.
Restaurant Trade Examples
- The Deal? A local restaurant has bought $50,000 worth of renovations – window coverings, furniture, flooring, painting, plumbing, etc. – by issuing the equivalent amount in gift cards to TEC for resale to its members.
- Bottom Line: Beyond the renovations, the restaurant will receive word-of-mouth referrals from the holders of the gift cards, while the holders themselves may spend more than the amounts on the cards when visiting the restaurant.
- Cost? The actual cost of the food to the restaurant in cash is approximately one-third of the amount on the cards or $17,000
- Savings? By trading gift cards the restaurant saves $33,000 cash on their renovation!