Signs Of The Time, Part 16

Attention, all you restaurant and bar owners out there. Need some new ideas for promoting the business? How about some free publicity? Earlier today, CNN Money’s Christina Crapanzano talked about how one Phoenix restaurant/bar is capitalizing on the slowing economy. Crapanzano wrote:

Are some of your customers worried about losing their homes? Take a tip from Cole Durbin, owner of Padre’s Modern Mexican in Phoenix, and let them know that you’re on their side.

Like restaurants across the country - from Table 8 in Los Angeles to Liberty Bar in Hoboken, N.J. - Durbin is offering up a Recession Happy Hour. But he has added a twist: Anyone who arrives at Padre’s with a foreclosure notice can have any drink on the menu [for free].

Crapanzano said that nobody has taken Durbin up on his offer yet (although it’s only been a couple of weeks since the promotion began). But she also noted that Arizona ranks third on the list of leading foreclosure states, according to RealtyTrac, an online marketer of foreclosed properties. So it may be just a matter of time before there are takers.

Regardless, look at all the free publicity he’s getting from appearing on CNN Money’s website.

According to Durbin, Padre’s will be offering additional promotions this summer. Next up will be free rides to and from the restaurant on Saturday nights for those deterred by the high price of gasoline.

See You There ;)

Source:

“Tequila and sympathy: Bars offer foreclosure special”
Christina Crapanzano
CNN Money, July 15, 2008

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