A new restaurant model has debuted in Austin that looks towards the local dining community for support. Introducing the idea of a community share restaurant, several Austin restaurants have reportedly been experiencing success under the model. The model works by offering patrons restaurant gift card accounts at reduced prices, as well as a number of other incentives such as invitations to cooking classes, wine dinners and other events.
Restaurants such as Lenoir have found the guaranteed beginning of the year cash flow incredibly beneficial and the community share concept has also worked to increase goodwill amongst diners and ensure repeat customers. Read More