About Payroll Vault Franchising LLC
Payroll Vault is a boutique-style full-service payroll company designed for small business. Founded by a career CPA that identified the benefits of separating payroll from traditional accounting to achieve more efficient results, Payroll Vault focuses on the needs of local small and mid-sized businesses to help them achieve their business growth objectives faster. It is a nationally leading vendor that is re-defining the payroll industry with advanced cloud-based technologies, the highest quality payroll service, and unparalleled customer service. Our seasoned experts serve as the ‘internal’ payroll department for hundreds of businesses nationwide. Handling complex, compliance-driven payroll tasks, Payroll Vault frees business owners to focus on running their businesses. Payroll Vault is also one of today’s most lucrative and accessible franchise opportunities.
Why a Payroll Vault Franchise?
Benefits to owning a Payroll Vault Franchise:
-Low Capital Investment <$100K -60-90 Day Start-up -Exceptional ROI -No Brick & Mortar Required -No Accounts Receivable -Non-Seasonal -No limitation on growth due to real estate (RE) constrictions -Service that transcends across all industries -Business to Business -Recurring Revenue (Monthly/Quarterly/Yearly) -Technology Resilient -Recession Resistant -Fully Remote Operating Systems HIGH FRANCHISEE SATISFACTION - We remain a top low-cost franchise with high ratings for franchisee satisfaction, and innovation within all critical areas of franchise systems including training & support, operations, franchisor/franchisee relations, and financial opportunity. GROWING INDUSTRY - With 30M businesses and climbing in the US, small business development drives a rich and in-demand marketplace. We have quickly emerged as the leading full-service payroll franchise opportunity for entrepreneurs. BUSINESS MODEL - Owner/operator or semi-absentee to start the business. Low overhead with minimal staffing. No brick and mortar build-out; office space preferred. The territory is 10,000 businesses in a contiguous geographic area that is zip code-driven and protected. You do not need to reside in your territory, but your business address must be in your territory. You can provide payroll services across the USA from your location as this is a relationship-type style of business and extremely scalable. TRAINING & SUPPORT - You begin with a 3-day initial comprehensive onboarding training at our Headquarters that will empower you to fulfill your entrepreneurial dreams. Our ongoing support and training model extends to support calls with our corporate office Team of experts, two annual conferences, a variety of continuing education programs in every division, and direct access to your peers.
Sean Manning, CEO
2012 (9 years)
Total Number of Units
64 (as of 2021)
Part-Time / Full-Time
How Much Does It Cost To Open A Payroll Vault Franchising LLC Franchise?
There are several costs associated with opening a Payroll Vault Franchising LLC franchise. There is typically a franchise fee set by the franchisor, which covers the costs of opening a franchise location. Some other commons fees include equipment fees, marketing fees, licensing fees, insurance, and taxes, to name a few.
Some franchises may have a weekly fee that the franchisee pays for operating a Payroll Vault Franchising LLC franchise. The weekly fee for opening a Payroll Vault Franchising LLC franchise is not specified.
The full breakdown of these fees can be found in the Financial Disclosure Document (FDD) provided to franchisees by the franchisor. The FDD report will contain additional information such as whether the franchise is renewable (Payroll Vault Franchising LLC Is Renewable) and does the franchise offer financing support (Payroll Vault Franchising LLC Payroll Vault Franchising LLC has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll).
Payroll Vault Franchising LLC Company Details
Here are some additional details about Payroll Vault Franchising LLC.
|Net Worth Requirement||$250,000|
|Veteran Incentives||25% off franchise fee|
|Term of Agreement||5 years|
|Run from Home||Yes|
Training and Support Offered By Payroll Vault Franchising LLC
Payroll Vault Franchising LLC offers several support options to its franchisees. With 64 (as of 2021) units, Payroll Vault Franchising LLC aims to provide support to each franchise owner to help them operate a successful franchise location. Payroll Vault Franchising LLC offers No on the job training, 24 hours classroom training, and Ongoing training as needed additional training.
Training and Support Offered
Here are the support options offered by Payroll Vault Franchising LLC.
|Classroom Training||24 hours|
|Additional Training||Ongoing training as needed|
Is Payroll Vault Franchising LLC Right For You?
Payroll Vault Franchising LLC has gone digital! Here are all of the ways you can find Payroll Vault Franchising LLC online. Oftentimes, you can reach out to current franchisees of Payroll Vault Franchising LLC online. Current franchisees may be able to offer personalized insights into what it is like owning a Payroll Vault Franchising LLC franchise and offer tips to running a successful Payroll Vault Franchising LLC franchise location.
Why Should You Start a Payroll Vault Franchising LLC Franchise?
Investing in a Accounting & Financial franchise such as Payroll Vault Franchising LLC can kickstart your franchise portfolio. Our goal at Why Franchise is to provide you with the resources needed to be a successful franchise owner. Fill out the form below to get more information about Payroll Vault Franchising LLC franchise and we'll be in touch soon!