Molasses Books Swaps Hot Drinks for Pre-Owned Novels
Meghan Young — August 10, 2012 — Business
Based in Bushwick, Brooklyn, Molasses Books is a unique used bookstore that provides a more energizing exchange for merchandise other than cold, hard cash. Molasses Books trades pre-owned novels for a hot cup of coffee instead. A refreshing change from traditional retail, this bookstore not only promotes a fun business model, it also encourages conversation and community.
Founded by Matthew Winn, Molasses Books is a treasure trove for fiction, nonfiction, art and photography books. Intimate, light and open, it can accommodate about a dozen people to sit and read. Winn is currently applying for a tavern license as well to allow for exchanges of wine and beer in the near future.
While there isn't an exact science to the swaps just yet, Molasses Books gives "about a third of the resale value in cash, or a little more for trade or a tab at the bar," according to Brokelyn.
Founded by Matthew Winn, Molasses Books is a treasure trove for fiction, nonfiction, art and photography books. Intimate, light and open, it can accommodate about a dozen people to sit and read. Winn is currently applying for a tavern license as well to allow for exchanges of wine and beer in the near future.
While there isn't an exact science to the swaps just yet, Molasses Books gives "about a third of the resale value in cash, or a little more for trade or a tab at the bar," according to Brokelyn.
Trend Themes
1. Bookstore-cafe Hybrids - Opportunities for creating unique business models that merge traditional retail with food and beverage service.
2. Alternative Payment Methods - Exploration of bartering and unconventional forms of payment in retail environments.
3. Community-focused Enterprises - Creating space for community engagement and fostering a social business model for enterprises.
Industry Implications
1. Retail - Retailers can transform their customer service by adopting new payment system and creating spaces where customers can engage with their community.
2. Hospitality - Food and beverage enterprises can expand their customer base by integrating bookstores, creating unique and interest-filled atmosphere to the cafe/bar.
3. Small Business - Small businesses can implement communal spaces and bartering in retail models to stand out from their larger competitors.
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