Payroll Vault

The Payroll Vault franchise is a B2B full-service payroll company that designs payroll services and workforce management solutions with small and mid-size businesses in mind. As a B2B franchise, every business can be you client! This is an attractive franchise opportunity for prospective franchise owners because you don't need previous payroll experience; you can have independence and run it part-time with semi-absentee ownership; and this low-cost franchise opportunity offers monthly, quarterly, and annual recurring revenue streams. It also incentives veterans to franchise with them by offering a discount off the initial franchise fee. 

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Payroll Vault

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Payroll Vault Franchise Cost and Requirements for 2024

Background

There are over 30 million businesses in the US, which drives a $47 billion payroll industry. Small businesses generate 65% of new jobs, with 97% of the businesses employing less than 100 employees. With ever-changing regulations at all levels of government, small businesses need a reliable, local provider that can provide a personal, consultative approach for their workforce management needs. This is where the Payroll Vault franchise industry comes in. Founded in 2007, the brand has grown to over 60 locations across the U.S. It is a B2B full-service payroll company that designs payroll services and workforce management solutions with small businesses in mind. As a B2B franchise, every business can be you client! This is an attractive franchise opportunity for prospective franchise owners because you don't need previous payroll experience; you can have independence and run it part-time with semi-absentee ownership; and this low-cost franchise opportunity offers monthly, quarterly, and annual recurring revenue streams. It also incentives veterans to franchise with them by offering a 25% discount of the initial franchise fee.
Additionally, entering a B2B model as Owner/Operator minimizes labor costs with no accounts receivable, credit cards, checks, or inventory needed. The franchise owner can expect three days of comprehensive training at the franchise's headquarters in Greenwood Village, Colo., to start their business. To ensure your business' growth, the franchise will provide you with two annual conferences, monthly support calls, direct access to your peers and continuing educational programs. This award-winning franchise is also considered to be a top franchise for women and offers franchise owners the opportunity to have multi-unit ownership and streams of revenue. The franchise also a licensing opportunity that allows you to separate your payroll business from your accounting services.

Company Details

Headquarters: Greenwood Village, Colorado 
Founded: 2007
First franchise: 2012
# of units: 62
International: No
Canada: No 

Support and Training Offered By Payroll Vault

In terms of support and training, the franchise owner can expect three days of comprehensive training at the franchise's headquarters in Greenwood Village, Colo., to start their business. To ensure your business' growth, the franchise will provide you with two annual conferences, monthly support calls, direct access to your peers and continuing educational programs.  

2024 Franchise Requirements Needed to Own a Payroll Vault Franchise.

What does a Payroll Vault Franchise Cost?

Payroll Vault franchise fees for 2024:

Initial Investment $48,875 - $64,269
Net Worth Requirement $250,000
Veterans Incentive: Yes
Financing options: Yes 
Initial Franchise Fee $40,000
Royalty fee: 6%
Cash Requirement $100,000 

Is Payroll Vault a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. Payroll Vault is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is Payroll Vault a Home Based franchise?

Yes. Payroll Vault is a home based franchise opportunity.

What Do Payroll Vault Franchise Owners Make?

Click here to find out how much Payroll Vault franchisees make. Payroll Vault offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is Payroll Vault a Master Franchise Opportunity?

Yes. Payroll Vault is a master franchise opportunity. A master franchisee is responsible to recruit, train and support franchisees in their territory.

Does Payroll Vault Offer a Veteran Discount?

Yes. Payroll Vault franchise does offer a veteran discount.

Is Payroll Vault Looking for Franchisees in Canada?

No. Payroll Vault franchise is not looking for Canada franchisees.

Is Payroll Vault Looking for International franchisees?

No. Payroll Vault franchise is not looking for International franchisees.

Where can I see Payroll Vault's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Financial Services, Licensing Agreements, Non Food Franchises

Number of Units Open

50-100 UNITS

Cash Required

$50,000 - $100,000

Master Franchise

Yes

Passive Franchise

No

Home Based Franchise

Yes

Item 19 Franchise

Yes

Veteran Discount

No

B2B

Yes

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

Payroll Vault Franchise Reviews

Payroll Vault Franchises for Sale

Click Here to inquire about existing Payroll Vault franchises for sale. We may have Payroll Vault franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.