Payroll Vault
Payroll Vault Franchise
Payroll Vault is a leading, fast-growing, innovative brand whose core focus is helping businesses manage their payroll operations. It also allows franchisees to utilize their skills and see growth proportional to their hard work.
The company offers inclusive services in their portfolio, such as human resources, labor poster programs, pays cards, pays as you go, worker’s compensation, time and attendance services, and scheduling services. This automatic diversification of business operations may result in a better chance of customer conversion.
YOU ARE READY FOR YOUR NEXT STEPS TOWARD BUSINESS OWNERSHIP…
Our process is designed to take you on an exploration of our culture, foundation, systems, and success model to ensure you thrive within your new franchise opportunity and that Payroll Vault is the ideal investment for you.
A Recession Resilient Investment
Payroll Vault Franchises are designed to be recession-resilient investments. Our system provides a steady flow of customers, diversified revenue streams, and a strong network of support.
Easy to Use Systems & Processes
Our easy-to-use systems and processes provide franchisees with the tools they need to manage their business efficiently. We offer comprehensive training programs, full access to our customer service team, and ongoing support throughout the life of your franchise.
Low-Cost Franchise
Payroll Vault Franchises are low-cost investments that offer high returns on investment. Our simple business model makes it easy for franchisees to get started quickly and start creating revenue right away.
The brand is renowned nationally in the accounting industry, which may give potential franchisees a ripe positioning in the industry and an opportunity for licensing.
Payroll Vault allows its franchisees to operate as absentee owners, which may make the business a more desirable option for you. The company also allows franchisees to operate out of their own homes, which may make it so you can spend more time with your friends and family.
What Might Make a Payroll Vault Franchise a Good Choice?
Payroll Vault believes in franchisees taking care of their clients, so they leave the marketing and sales to the franchisee, which may give them flexibility in their own business. Branding and payroll processing are also done at the franchisee’s offices for purposes of customization and personalization. This allows franchisees to have greater control over their business processes so they can maximize their output. Payroll Vault also offers comprehensive training to help you with your business operations.
To be part of the Payroll Vault team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You also should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company’s set net worth and liquid capital requirements.
Payroll Vault has partnered with third party financial lenders to help franchisees cover the costs of the franchise fee, startup costs, equipment, inventory, accounts receivable, and payroll.
After an initial inquiry, a Payroll Vault franchise representative may reach out to you to begin the franchising process.
Financial Requirements & Ongoing Fees
Initial Franchise Fee $56,000 – $76,000
Initial Investment $65,460 – $99,970
Net Worth Requirement $250,000
Cash Requirement $100,000
Veteran Incentives 10% off franchise fee
Royalty Fee 6%
Ad Royalty Fee $300/mo.
Term of Agreement 5 years
Is franchise term renewable? Yes
