Restaurant ‘Forced’ to Charge $450 a Waffle, Blames Groupon

by Angela Nazworth | July 24, 2012 3:27 pm

Millions of people adore daily-deal site Groupon (NASDAQ:GRPN[1]). Craig Nelsen, the co-owner of Back Alley Waffles[2] in Washington, D.C. is not one of them.

In fact, the artisan waffle-maker blames Groupon for the closing of his restaurant. Customers can still buy waffles from Nelsen, but at a whopping $450 a pop. It’s a price he says he’s forced to charge because of Groupon’s “bloodthirsty” practices.

Here’s the notice Nelsen posted on the waffle joint’s website.

450 Waffle Restaurant 'Forced' to Charge $450 a Waffle, Blames Groupon[3]

Nelsen isn’t the only merchant angry with Groupon. You can find out why other business owners are miffed with the company and read what Groupon has to say about the $450 waffles at The Atlantic[4].

Endnotes:
  1. GRPN: http://studio-5.financialcontent.com/investplace/quote?Symbol=GRPN
  2. Back Alley Waffles: http://www.backalleywaffles.com/
  3. [Image]: http://investorplace.com/wp-content/uploads/2012/07/450-Waffle.png
  4. The Atlantic: http://www.theatlanticwire.com/technology/2012/07/how-groupon-put-waffle-house-out-business/54904/

Source URL: http://investorplace.com/2012/07/restaurant-forced-to-charge-450-a-waffle-blames-groupon/
Short URL: http://invstplc.com/1fpFGQ4