Payroll Vault Claimed
Payroll Vault Franchise For Sale
Payroll Vault is a customer focused, full-service payroll company designed for small business. We help business owners be more successful by supporting them with payroll and workforce management services. All of our services are customized and provided on a local level in your community.
Franchise Background
Franchised Units: 62
Company Owned Units: 2
States Registered In: 49 states open, just pending FDD renewal in reg states
Canada Franchises: No
International Franchises: No
Financial Terms
Minimum Net Worth: $250,000
Franchise Fee: $68,500
Royalty: Greater of $400/mo. or 6%
Ad: 300/mo
Item 19: Yes-very detailed
Average Number of Employees:1-3
Visa Candidates: No
Passive Ownership: No
Semi-Passive Ownership: Yes, full time GM required
Home-Based: Yes
B2B: Yes
Master Franchise Opportunities: Would be considered, US only
Veteran Discount: Yes- 10% off IFF
Support & Training
Lease Negotiation Assistance: No
Recruiting Assistance: No
Cooperative Advertising: Yes
Training:
3-day Initial Owner Training at our Corporate Office will cover Ownership, Management, Operations, and Sales & Marketing. Operations and learning the payroll software and payroll processing will be ongoing virtually with our operations training and support team.
Monthly support includes: Owners Call for franchise owners, Sales & Marketing Support Call, and Sales Accountability Support Groups Calls.
Two annual conferences: Owners Exchange Conference for owners only; Annual National Conference for owners, staff, and vendor partners.
Ideal Candidate
Owner/operator is ideal to start and can grow to semi-absentee or absentee, or a business owner that wants to add another business to their portfolio and has a team to help support them.
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