Payroll Vault

a Oakscale company

Payroll Vault offers complete payroll services, including full service payroll processing, HR solutions, and workforce management for small medium sized businesses. Payroll Vault is a nationally leading vendor that is redefining the payroll industry wi…

Categories: Business Services, Financial Services

Concept Description

The time is now. Payroll Vault is the first to successfully Franchise payroll and workforce services. Since inception in 2012, Franchisees have purchased territories and are growing across all 50 states. With over 1,000+ territories available throughout the USA, opportunity is abundant.

Payroll is in the Top 3 Most Outsourced Business Services. It is time to capitalize on this growing market by joining the Payroll Vault national expansion. With single territory, single territory expanded and area development agreements available, Payroll Vault is looking for exceptional Franchisees to grow with.

Payroll Vault helps small businesses be more successful by supporting them with payroll and workforce management services that aid them in managing their employees, their business, and most importantly, keep them compliant. Client Focused & Technology Driven, Payroll Vault is a boutique style full service payroll and workforce services company designed for small businesses.

Payroll Vault’s Executive Leadership Team brings decades of payroll and franchise expertise to provide comprehensive training and support for franchisees. As a company dedicated to assisting small to medium- sized businesses, Payroll Vault specializes in delivering payroll and workforce management services. These crucial services empower business owners to effectively manage their employees, streamline operations, and ensure compliance with relevant regulations.

Unit Option

Single, Multiple

Background

FDD Franchised Units: 61

Corporate Owned Units: 1

Projected New Units: 10

Year Established: 2008

First Year Franchised: 2012

Type of Business: Franchise

Hours of Operation: Regular Business Hours

Number of Employees: Small (1-5)

History:

 

Availability

var states = {"al":"#30917F","ak":"#30917F","az":"#30917F","ar":"#30917F","ca":"#30917F","co":"#30917F","ct":"#30917F","de":"#30917F","dc":"#30917F","fl":"#30917F","ga":"#30917F","id":"#30917F","il":"#30917F","in":"#30917F","ia":"#30917F","ks":"#30917F","ky":"#30917F","la":"#30917F","me":"#30917F","md":"#30917F","ma":"#30917F","mi":"#30917F","mn":"#30917F","ms":"#30917F","mo":"#30917F","mt":"#30917F","ne":"#30917F","nv":"#30917F","nh":"#30917F","nj":"#30917F","nm":"#30917F","ny":"#30917F","nc":"#30917F","nd":"#30917F","oh":"#30917F","ok":"#30917F","or":"#30917F","pa":"#30917F","ri":"#30917F","sc":"#30917F","sd":"#30917F","tn":"#30917F","tx":"#30917F","ut":"#30917F","vt":"#30917F","va":"#30917F","wa":"#30917F","wv":"#30917F","wi":"#30917F","wy":"#30917F"}; setTimeout( function() { jQuery( '#vmapusa' ).vectorMap( { map : 'usa_en', backgroundColor: null, color : '#F8F7F4', enableZoom : false, showTooltip : true, selectedColor : null, hoverColor : null, borderColor : '#deddd8', borderOpacity : 1, borderWidth : 1, colors : states, onRegionClick : function ( event, code, region ) { event.preventDefault(); } } ); }, 2000 );

Not Available
Available
Focus

Territories: United States

Financials

Liquidity: $100,000

*Investment Range: $77,375 - $111,885

Minimum Net Worth: $100,001 to $250,000

6 Month Cash: $5,001

Franchise Fee: $68,500

Royalty: Greater of $400/mo. or 6%

Royalty Description: Beginning with the third full month after your Opening Date, you will pay a monthly Royalty that is the greater of 6% of your “Gross Revenue” (Percentage Royalty) or $400.

Advertising: Local: Currently $0. Maximum of 2% of Gross revenue.

National Advertising: You will pay our then current fee, which is now $300 per month

Ramp-Up: 7 to 9 months

Passive Ownership: Semi- passive at onset (they can hire a manager to run business)
Passive Ownership means the owner is working 15 hours or less per week in the business.

Available Discounts

  • Veterans
  • First Responders

Discount Description: 10% off the IFF.

Training, Support and Assistance

Co-Operative Advertising: N/A

Site Selection Assistance: N/A

Lease Negotiation Assistance: N/A

Length of Training: 24 hours

Operational and Marketing Tools:

Marketing:

  • Protected online marketing territory
  • Franchisees are responsible for a local advertising fee (minimum 1% of gross revenue per year, spent as they see fit in their individual markets)
  • Franchisees are responsible for a national advertising fee of $300/month
  • Franchisees are responsible for a digital marketing fee of $105/month
  • These fees are used for media placements, web services, admin costs, and training
  • Franchisees are responsible for a $300/month managed social media fee for the first nine months. This program then subsequently becomes optional.
  • Franchisees do not have an advertising council
  • Inbound leads are passed to franchisees based on territory

Financing Assistance: N/A

Interested in this Concept? Unlock it with the form below.

Presented By:

Jane Stein

Your Franchise is Waiting

Avatar photo