Thinking of opening a new location or remodeling your current space? What if you could get an interest-free loan from the government to help cover your construction costs?
Recent cost segregation studies and the savings achieved:
$ Full size Mexican restaurant -1.6 million dollar construction budget- saved $32,000
$ Fast food facility - $435,000 construction budget - $13,000 in savings
$ Sports bar and restaurant - $1.53 million renovation - Tax savings of $120,000.
IRS-specified formulas re-classify certain construction costs, decreasing their depreciation time to reduce restaurant owners’ taxable income today and in years to come.
Restaurants see better than average returns on
cost segregation. As much as 40 percent of total construction cost
can be reclassified, whether the project is built ground-up, purchased as
an existing structure, or leased and renovated.
Not doing any construction? If your building was completed
after 1986 you may be able to “catch-up” deprecation for all the
years between 1987 and the present, using a cost segregation study.
Call today for a free evaluation of your potential savings!
