after Groupon's IPO last November The system works as follows: subscribers log on to Groupons deal-a-day website where they can buy a voucher that offers a number of daily discount deals on anything from restaurant meals. The study claims that these deals by discount sites like LivingSocial, Groupon, BuyWithMe, and Amazon Local bring in 80 per cent new patrons to the business. And waits, accordin g to, washington City Paper s You ng Hungry blog, which first reported the story. We couldnt pay staff or get food or anything. Fare enough: Back Alley waffles sold Belgium waffles, as well as fruit smoothies and coffee (stock photo).
We always hate to hear that a local business has decided to close, but the math does not point to Groupon as the cause.'. The customer brings the code into the shop. The companys estimated worth next year is now 718million, down from 930million, Reuters reported. However, Groupon spokesperson Julie Mossler told MailOnline that many businesses prefer the 33/33/33 model. Paid to Date: 2126.06 c disount code reduction pour premiere commande (last payment was issued on July 14, 2012. Save.50, sunday Matinee:.00 nOW 76* with no processing fee. But, he said, all of his operating costs buying ingredients, paying rent and his employees were due up front, meaning that Mr Nelsen had to put money he didnt get until months later to pay for running his business. Source: Back Alley Waffles. But now, Groupon stock is worth only.38 a share, more than 60 per cent lower than its IPO price. Cost of 132 Redeemed Vouchers: 679.25. 'I'd rather have my hand slammed in a car door than honour your coupons Waffle restaurant owner claims Groupon deal made him go bust.