Payroll Vault

Payroll Vault is a customer-focused, full-service payroll company that supports small businesses with customized, community-based payroll and workforce management services to help them succeed.

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Payroll Vault

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Payroll Vault Franchise Cost and Requirements for 2024

Background

Ready to take the leap and become an entrepreneur or expand your professional portfolio? Payroll Vault Franchising is the ideal franchise for achieving financial freedom and creating a business that you can be proud of. With our comprehensive franchise system, you'll gain access to the resources you need to build a successful payroll service that will help you create the lifestyle of your dreams. Join other budding and experienced entrepreneurs who have already taken advantage of this unique opportunity - start your franchise ownership journey today!

With no brick and mortar build out, no overhead, and no inventory, it is a great low cost investment for anyone. Payroll Vault competes with big box brands by providing the same services, but with a white glove experience.

Payroll Vault has won the Franchise Business review award for Franchisee satisfaction for 6 years in a row. They have also won many other awards including: Top Innovative Franchise, Top 200 Franchises, Top Low Cost Franchise and Top Franchises for Women.

Company Details

Established: 2008
First Unit Franchised: 2012
Franchised Units: 57
Company Owned Units: 2
States Registered In: 49 states open, just pending FDD registration in HI.
Canada Franchises: No
International Franchises: No

Support and Training Offered By Payroll Vault

Financial Assistance Provided: Yes
Site Selection Assistance: No
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.

2024 Franchise Requirements Needed to Own a Payroll Vault Franchise.

What does a Payroll Vault Franchise Cost?

Payroll Vault franchise fees for 2024:

Cash Investment: $100,000
Total Investment: $65,460 - $99,970
Minimum Net Worth: $250,000
Franchise Fee: $56,000
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

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.

Does Payroll Vault Work with E2 Visa and EB-5 Visa Candidates?

No. Payroll Vault franchise does not work with E2 Visa and EB-5 Visa candidates.

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, 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

E2 Visa Franchise

No

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.