Background: A major player in the industrial auction and vehicle sales industry recently underwent a significant organizational split. This restructuring created the challenge of reorganizing their operations, including real estate tax compliance. Given the complexity of real estate tax payments and the risk of costly penalties, the two companies brought in Property Works to ensure seamless tax management and compliance.
Persistence Pays Off: How Property Works Saved one QSR Client $52,600 in Utility Costs Introduction This case study highlights Property Works' dedication and tenacity to providing practical solutions and cost savings to our clients. We will explore a challenging journey in which we successfully resolved a complex water billing issue, resulting in substantial savings of $52,600 for one of our long-time QSR clients.
Company Background Ambrosia QSR, a rapidly growing multi-unit franchisee, is ambitiously expanding their portfolio from a few hundred to 1,000 franchised QSR Restaurant locations within the next five years. Their growth strategy comprises a blend of acquisitions, new construction, raze and rebuild, and remodeling projects, each with its own unique demands and complexities.
Property Works developed and released the Rent-Deferral Tool in March 2020, immediately following the announcement of Covid-19 restrictions in the United States. Watch the live webinar recording with company partner Karla Finnegan, as she walks through the Rent-Deferral Tool.
In this webinar, team members Karla Finnegan and Jimmy Rabb discuss the Property Works standalone service of License and Permit Management and Renewals. If you are an operator of a multiunit business with many licenses across different municipalities, then this video is for you.
In 2010, after a sizable acquisition of additional restaurant locations, we knew we needed more control of our lease obligations. We found our perfect solution with Property Works.
WKS has over 350 Leases and has been a client of Property Works for 13 years. We currently use the database function and process the updates ourselves. We are always able to get first-class customer service to help us with training and implementation of the system tools. I cannot imagine managing our Leases using any other system. When the first business interruptions began during the COVID-19 pandemic, we knew we needed to reach out to our Landlords for rent relief, but had no idea how we would manage such a process. Before we could even reach out to Property Works for guidance, we received notification that they were already working on a system to manage the process from start to finish. Their solution has been an absolute game changer for us. We only have to reach agreement with our Landlords, and we are then able to enter all the deal points into the unit. All the repayment and tracking is calculated and added to the AP system automatically.
