Franchise Talk

Is There Gold Beneath Your Feet? Unearthing Tax Incentives Can Pay Big Returns

November 3rd, 2009 | Author: Jack

Why would both a franchise capital finance company and the CEO of a retail franchise brand sign on as franchisees of a new concept?

That’s what Siegel Financial Group and Gabriel Bottazzi, CEO and founder of Bijoux Terner, have done. They are among the six franchisees who have signed on with RetroTax. Part of the reason, both say, is that it’s a great concept. RetroTax, as the name implies, finds tax credits for both franchisors and franchisees–and gets paid as a percentage of what they find.

Another part is relationships, namely, Stan Friedman and the tax credit administration experts at the parent company, Indianapolis-based ACI/RetroTax. The “company store” in Indianapolis is 12 years old, and Friedman’s relationship with the principals goes back to 1994.

Friedman–who in the past two decades has held senior executive positions with Maggie Moo’s, Wing Zone, Blimpie International, WSI Internet, and Cendant–became a partner and president of the newly formed ACI Franchising, LLC, franchisor of RetroTax, in late 2007. He is clearly excited about the opportunity the concept offers to small businesses.

“Lots of companies are struggling to keep their doors open. We can go back three years and get back taxes they’ve paid,” says Friedman. “In many cases you can uncover five and six figures. They get cash back. And when you get a percentage of that, it’s beautiful for you, too.” Full article.

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