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Payroll Vault offers client-focused, outsourced payroll services for local small businesses. With low start-up costs, diversified revenue streams, and high returns on investment, franchisees can work as owner/operators or semi-absentee owners (part-time) with a processor and salesperson. No bookkeeping or accounting experience is required and intensive training and support are provided. Don't miss out, join this recession-resilient industry with unlimited income potential today!
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Liquid capital required
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$100,000
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Net worth required
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$250,000
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Investment
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$64,460 - $99,970
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Franchise fee
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$56,000
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Royalty
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6.0%
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Veterans Discount
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Yes
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Units in operation
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54
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Founded
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2008
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Franchising Since
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2012
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What is it?
- A client focused, local payroll service provider that customizes payroll for small businesses
- Low-start up costs, scalable revenue streams, can be owner run or semi-absentee with minimal staff from a home office; recession resilient!
- Franchisees are awarded a complete and proven business model with clearly defined best practices that cover all areas of operations, sales, and firm management
How does it make money?
- Three streams of revenue: 1) monthly – payroll and workforce management services, 2) quarterly – filing of quarterly payroll client taxes, and 3) annually – W-2 and 1099 forms
Who is it for?
- Someone interested in breaking out from the 9-5 business model and setting their own flexible work schedule
- A person with an interest in business management and with good interpersonal skills
- Someone with previous accounting experience although not required
What would you do as a franchisee?
- Attend a virtual 3-day comprehensive training to kick start your business
- Run the operation of the business as the owner/operator or the owner/manager of a staff of 1 to 2 processor/sales professionals
- Network and market within your community to grow Payroll Vault's brand awareness in your local area
Payroll Vault
About Us
Payroll Vault is a customer service oriented, local payroll service provider that handles payroll for small businesses. Since 2012, we've become a growing network of franchisees, each with their own unique ability to enhance the financial future of their local business community.
Why Franchise With Us
- GROWING INDUSTRY - With 30 million businesses in the US driving a $47 billion industry, this is the perfect time to join an emerging leader in full-service payroll. Take advantage of our franchise, or license opportunity for existing accounting firms, and become part of a flourishing industry.
- FULFILLING A NEED - Changing compliance standards driven by legislation is keeping payroll in the top three outsourced business services. We track the frequently changing payroll compliance standards so companies avoid payroll and other workforce-related penalties.
- MARKET ACCESSIBILITY - In the US, small businesses generate 65% of new jobs, and 97% of businesses employ less than 100 employees. With ever-changing regulations at the city, state, and national levels, small businesses need a reliable, local provider that can provide a personal, consultative approach for their workforce management needs.
- REVENUE POTENTIAL - Our low-cost franchise opportunity offers monthly, quarterly, and annual recurring revenue streams which is scalable from a single location with NO Brick-and-Mortar build-out necessary. The annuitized revenue makes this business attractive and can be created as a legacy.
- WORKFORCE MANAGEMENT - Option to enter a Business-to-Business model as Owner/Operator to minimize labor costs with no accounts receivable, credit cards, checks, or inventory needed. Or work as Semi-absentee Owner (part-time) with minimal support staff.
- COMMUNITY, DISCOVERY & INFLUENCE - Channel the stress of a traditional job into the energy of business ownership and make lifelong connections that enrich and empower your community.
- INVESTING IN YOUR FUTURE - The financial investment that creates a personal legacy and builds value for your future.
Training and Support
No experience or certification is necessary to start up your Payroll Vault, only the drive to succeed. Our 3-day comprehensive virtual training will kickstart your business. Be assured that you will have the support and training from our Corporate Team and franchise community. Monthly support calls, two annual conferences, a variety of continuing education programs in every division, and direct access to your peers will help you DEVELOP and GROW your Payroll Vault franchise business.
Once you become a franchise owner, we also provide complimentary access to the American Payroll Association basic training. The training will provide additional and valuable knowledge and terminology about the payroll industry.
We provide you with the keys to endless opportunities. You are awarded a complete and proven business model with clearly defined best practices that cover all areas of operations, sales, and firm management. You will have the tools and resources you need to optimize and grow your business.
Award Winning Franchise
What Franchisees are Saying
“After purchasing a Payroll Vault franchise and utilizing the brand and the guidance of other Payroll Vault employees, we have become extremely efficient and confident in processing payrolls of different sizes and from a wide range of industries. Our payroll revenue and the number of clients we serve have doubled in the second year of operating as a Payroll Vault franchise.” —Melissa C. from Colorado"Great people who are willing to mentor and help problem solve. The annual conference and owner’s exchange provide the opportunity for close relationships with peers." —Joel Hendriks, Redlands, CA
"Could not be better; I truly feel like part of the family and part of the team." —Tim Roberts, Eugene, OR
So if you are interested in a business that is recession resilient, with low start-up costs and recurring revenue that can be run from the comfort of your home office, request more information to learn more today!
Find other similar franchises!
Payroll Vault is listed in the Franchise Directory under the Business Services category and the Home Based category. It's also listed in the section for Franchises Under $150,000.
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