Franchises are in a unique position to qualify for numerous tax credits and incentives, including pandemic-era programs like the Employee Retention Credit. 

Incentify kicked off a partnership with FAT Brands to find and secure all available credits and incentives for the brand’s franchisee restaurant locations. FAT Brands saw the Incentify program as another value-add to bring to their franchisees. The restaurants are starting to see incredible results from the program.

How it works

Incentify is the only purpose-built technology platform centered around credits and incentives. Our team guides franchisees through the discovery process to find, secure, and monetize credit and incentive programs.

Here’s a look at our process:

• Load all economic data and company locations into Incentify 

• Incentify processes each site to generate an opportunity portfolio for each location

• Incentify provides concierge services to each business owner and easy to use tools to gather information

• Incentify advisor partners assess eligibility, determine benefit amount, and secure credits

• Incentify monitors all ongoing C&I opportunities

The results

On average, FAT Brands restaurant owners are receiving $185,000 in refundable credits. Most locations are starting the program with the Employee Retention Credit, part of the COVID-19 economic relief program. 

Here are a few examples from FAT Brands franchisees across the country:

• Scott Gilreath will receive $109,000 for his two Great American Cookie locations in Montgomery, Alabama

• Nina Langdon qualified for $126,000 in credits for her Maggie Moo’s & Great American Cookies restaurant in Philadelphia

• Lisa Vohra secured $138,000 for her Elevation Burger restaurant in Washington, DC

• Greg Sinaiko qualified for $644,000 for his four Fat Burger restaurants in Hollywood 

• Bassel Maali will receive $991,000 for one Ponderosa steakhouse and two Hurricane Grills

As you can see, these numbers are anything but small. Franchise owners are using these funds to help with payroll, invest in new technologies, hire new employees, and support many other initiatives. 

“I am an owner of an Elevation Burger restaurant, and the pandemic has made it a really difficult time for my business. We decided to take advantage of the corporate Incentify FatBrands program and applied for the Employee Retention Credit, and we will potentially receive $138,000 in benefits. My experience from the onboarding process, working with a dedicated advisor, to securing the benefit was great! Access to a dedicated franchise concierge service made a complex process very simple. I definitely recommend taking advantage of the corporate program! The funds I will receive will help me improve my restaurant ventures in the future.” - Lisa Vohra, Owner

Incentify

Incentify is the leading tax credit and incentive platform that optimizes C&I discovery and C&I management with centralized reporting and customizable workflows.

The legislation around C&I is constantly changing, and small businesses often overlook programs due to uncertainty surrounding eligibility or lack of expertise and connections. Incentify bridging the gap between industry leading advisors and small business owners. Learn more about our business tax saving solutions for franchises.