Payroll Vault

At a Glance

Products & Services: Payroll services

Number of Locations: 21

Total Investment: $41.1K - $68.98K

Founded: 2007

Began Franchising: 2012

Franchise Units

Year U.S. Canadian International Company Owned
2014 20 0 0 1
2013 16 0 0 1
2012 6 0 0 1
2011 N/A N/A N/A 1
2010 N/A N/A N/A 1
Where Seeking Franchisees: Franchisor is seeking new franchise units throughout the U.S.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $41,085 - $68,985
Franchise Fee: $28,000
Ongoing Royalty Fee: 8%+
Term of Franchise Agreement: 5 years, renewable
Veteran Incentives: 25% off franchise fee
Financial Requirements
Net Worth: $250,000
Liquid Cash Available: $100,000
Operations
10% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 1 - 5. Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators).

How This Franchise Supports Franchisees

Training: Available at headquarters: 2-3 weeks. At franchisee's location: 3-5 days. Ongoing training as needed
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,
Other marketing support: Online, SEO, social media

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