When This Barber Was Quoted £1000 For The New Shop Floor He Decided To Cover It With 70,000 Pennies Instead
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When a barber shop owner, Rich Holtham, got an estimate of £1000 for the new shop floor, he decided he can do better. So instead, he exchanged 700 pounds to 70,000 pennies and covered the whole floor with them.
“We wanted a new floor but the cost of getting it done was expensive and we wanted to do something a bit more unusual, so we looked at a few different ideas online,” Rich told Daily Mail. The whole barber shop crew spent a full week gluing the coins to the ground, and that’s excluding the gap grouting that was done after.
“We had to take our own cash to the bank and we had to take hundreds of pennies out a day,” explained the owner of 4 barber shops across the UK. “In the end, we took out £700 worth of pennies. That’s 70,000 coins.”
In the end, the barber shop got not only the coolest floor in town, but also some free advertising: “We have had a lot of interest in the floor, to be fair. Passers-by keep coming into the shop to take a few photos. We have gained a lot of business from it.”
When Rich Holtham got an estimate of £1000 for a new shop floor, he decided he can do better
Instead, he decided to use 70,000 pennies to cover the whole shop floor
“It seemed to take forever”
“We had to take our own cash to the bank and we had to take hundreds of pennies out a day”
It took a full week to lay 700 pounds-worth of pennies
But the new floor worked out as a great advertisement as well
“Passers-by keep coming into the shop to take a few photos”
“We have gained a lot of business from it”
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It is a clever way to get publicity and to do something 'original,' but I actually think it looks very nice and goes along with the store's aesthetic in an unusual but not overdone way.
It still cost the same amount as the original estimate by the time they paid for glue and resin.
Hardly. As the article says "we have gained a lot of business from it" which means that they are getting more customers thanks to the new and completely unique floor. If they'd just ordered the bland normal floor they wouldn't be no where near as popular as they are now. This beautiful special floor is going to net them a nice revenue in the long run.
The cost is still the same. In this case, the floor had unanticipated returns on investment, but the cost, as in the money paid, was the same.
It costs what it costs whether they got more business or not.
I dont think it has resin, should tho
No, it's cost a lot more. He shut the shop and paid his staff....... I'd be surprised if he did it for under £3k.
The pennies still retain their value though I guess!
Not exactly, In the end the increased revenue from the interesting floor will in the end mean that not only was the floor cheaper than the quoted floor, it will eventually pay for itself via the increase in customers.
Not exactly. Whether or not there has been any increase in revenue the cost is still a cost. There may be a return on investment, but the cost of that investment remains the same.
+ all the staff time to install the floor, since it took all of them a week to do it.
Finally pennies are useful for something!
It is a clever way to get publicity and to do something 'original,' but I actually think it looks very nice and goes along with the store's aesthetic in an unusual but not overdone way.
It still cost the same amount as the original estimate by the time they paid for glue and resin.
Hardly. As the article says "we have gained a lot of business from it" which means that they are getting more customers thanks to the new and completely unique floor. If they'd just ordered the bland normal floor they wouldn't be no where near as popular as they are now. This beautiful special floor is going to net them a nice revenue in the long run.
The cost is still the same. In this case, the floor had unanticipated returns on investment, but the cost, as in the money paid, was the same.
It costs what it costs whether they got more business or not.
I dont think it has resin, should tho
No, it's cost a lot more. He shut the shop and paid his staff....... I'd be surprised if he did it for under £3k.
The pennies still retain their value though I guess!
Not exactly, In the end the increased revenue from the interesting floor will in the end mean that not only was the floor cheaper than the quoted floor, it will eventually pay for itself via the increase in customers.
Not exactly. Whether or not there has been any increase in revenue the cost is still a cost. There may be a return on investment, but the cost of that investment remains the same.
+ all the staff time to install the floor, since it took all of them a week to do it.
Finally pennies are useful for something!