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Anyone else join Groupon for restaurant coupons?

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Jenise

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Anyone else join Groupon for restaurant coupons?

by Jenise » Sat Jan 15, 2011 4:45 pm

Did so just last week, and I just purchased my first groupon (apparently, in Groupon vernacular, 'groupon' is both a noun to both explain and brand their particular type of coupon as well as a pronoun).

For $25, I bought $50 worth of sushi at a Seattle sushi restaurant that sounds nicely above average. A no-brainer as I'm down that way often, and Sushi's my favorite dine-out meal.

Interesting phenomenon. When I started to make my purchase at around 7 this morning, they'd sold 150 of this particular coupon. By the time I concluded my purchase, that number was up to 175. Apparently an initial hurdle of 250 sales had to be satisfied to make it a viable offer and before they would send me the link to print my coupon which can be used as early as tomorrow and is good through July. By the time they sent me that confirmation half an hour ago, 1600 had been sold. A cap has been set at 2500 and obviously they'll have no problem reaching that.

But look at what that means to the restaurant. They're giving away $62,500 worth of profit in order to capture the attention of 2500 potential new customers--and their friends. If they're a new business this could set them for life. Word of mouth doesn't travel an inth that fast. The question begs: should I wait to use this as they'll be slammed for the next few months, or should I use it immediately before quality goes downhill? :)
My wine shopping and I have never had a problem. Just a perpetual race between the bankruptcy court and Hell.--Rogov
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Howie Hart

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Re: Anyone else join Groupon for restaurant coupons?

by Howie Hart » Sat Jan 15, 2011 5:36 pm

I just purchased $40 worth of dining & beverages for $20 at my favorite local restaurant (Suzanne's), which is about 1 mile from my house. Several WLDGers went there for an after winery tour during one of our NiagaraCOOL weekends.
Chico - Hey! This Bottle is empty!
Groucho - That's because it's dry Champagne.
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Robin Garr

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Re: Anyone else join Groupon for restaurant coupons?

by Robin Garr » Sat Jan 15, 2011 6:39 pm

We had a moderate (14-post) thread about Groupon on the Louisville Restaurants Forum that brought out some interesting anecdotal info from local businesses and consumers:

http://forums.louisvillehotbytes.com/vi ... =1&t=13058
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Clint Hall

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Re: Anyone else join Groupon for restaurant coupons?

by Clint Hall » Thu Jan 20, 2011 1:11 am

I bought into Groupon a couple of weeks ago and immediately followed instructions: "Call [the restaurant's telephone number] for reservation, mention your Groupon." The reply: "No Groupon on Valentine's Day." But's that fair.

Times are hard so good deals like that abound now in Seattle. For instance the other day a little neighborhood bistro we dine at infrequently on Capitol Hill (Dinette) offered us unlimited discounted gift certificates so I bought $200 worth for $100, or maybe it was $120, but now I think of it I should have bought much more. Another example: When an upscale French restaurant in Madison Park (Rovers) decided to open a bistro next door (Luc) they helped finance the project with money from Rover's regular customers, who get gift certificates delivered over a period of time with the present value equivelent of a 30 percent discount, or so confirms my friend a PhD econometrician. I bought in and now get to see my name on Luc's scroll of honor, hanging over the men's room.
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WWLL

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Re: Anyone else join Groupon for restaurant coupons?

by WWLL » Mon Jan 31, 2011 8:54 pm

I bought a year of membership for the Los Angeles County Museum of Art for $25, 50% off. I also just got $20 at Amazon for $10.

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