How Merchants Barter Exchange Can Save Restaurants Money

In this testing and trying economy, every industry is feeling the pinch financially. Many business ‘experts’ online, on the radio, and on TV are advising consumers to cut back on their spending and make savings wherever possible. One major area they are telling people to conserve their money is by eating out less and cooking at home. While this may be good news for the consumer, what are weary restaurant owners to do?

Bartering has long since been a highly effective means to trade out goods and services for other products and services one needs, and although cash has made commerce much easier, when cash is tight, smart business owners revert back to the age-old method of bartering. Merchants Barter Exchange (MBE), as the only national company that insists on 100%-barter at the same cash price, is helping many restaurants around the US save thousands of dollars during these tough economic times. Below are some examples of how an average-sized restaurant can shave many hundreds of dollars each month from their bottom line expenses.

The benefits of using MBE-barter for a restaurant are obvious, since they carry their standard overhead (rent, utilities, salaries, phone, etc.) anyway, no matter how many customers they have, the only variable to revenue and expense is the number of customers that eat at the establishment. For MBE to bring just one extra table of guests per night that spends $50 (tipping the wait staff in cash), what does it actually cost the restaurant owner? Their only additional cash outlay is the cost of the food and drinks consumed (which is usually less than 25%) and, realistically, since they are not buying that food especially for those customers, it probably isn’t even noticeable on the P&L.

What if, instead of paying cash for their monthly pest control service, they used MBE-barter? If they traditionally paid $100 for the service, they could now get the very same quality service via MBE for $100 barter dollars (costing them only 25 cents on the dollar – their food cost – plus a 10% purchasing fee – another $10.) In this scenario they have saved a total of $65 in cash on one service that month.

Now let’s imagine they need their carpets dry cleaned, and the cost is usually $300. By bartering the service out, they would save $195. Most restaurants need landscaping, let’s add that to our scenario, say previously a $250 outlay. Now they save another $162.50. Perhaps they need to do some advertising and would usually spend $2000, now they have saved $1300. As you can see, it is easy to make quite considerable savings each and every month by joining and utilizing the easy barter payment system of Merchants Barter Exchange. Just on these five items alone, this particular restaurant has saved a total of $1722.50 in cash in one month.

On top of the cash savings, which are important, let’s not forget the other major benefit: more customers. Since MBE ensures that they only bring new business to their members, this example could have introduced upwards of 5 – 10 new customers to that restaurant. Just imagine what additional cash customers that can create via word-of-mouth advertising. All in all, bartering is a very effective method for any restaurant of any size to make significant savings across the board. The best thing of all, MBE takes care of all the paperwork and tax reporting needed for the end of year.

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