Description
Payroll Vault is a boutique-style payroll and workforce management franchise that offers personalized payroll services tailored to small and medium-sized businesses. Established in 2007 and franchising since 2012, the brand emphasizes a high level of client service, utilizing advanced technology to streamline payroll processes and ensure compliance with regulatory requirements. Franchisees receive comprehensive training covering all aspects of payroll processing, compliance, and business operations, along with ongoing support, including marketing resources and access to proprietary software.
Franchisor Details
Franchisor Name
Payroll Vault
Year Founded
2008
Franchising Since
2010
Home Office
Denver, Colorado
Training
Comprehensive training in payroll processing, tax filing, client service, and business management.
Industry
Accounting / Tax
Franchise Costs
Total Investment
$77,375 - $111,885
Net Worth Required
$250,000
Liquid Capital Required
$100,000
Franchise Fee
$68,500
Royalty Fee
6%
Values & History
Founded in 2008, Payroll Vault offers tailored payroll and HR solutions for small businesses, emphasizing personalized service, innovation, and compliance with employment regulations.
Industry Performance
The payroll outsourcing industry is thriving due to increasing complexity in labor laws and a rise in small businesses seeking expert services.
Training & Support
Franchisees receive training on payroll systems, compliance, marketing, and operational processes, with ongoing support to ensure business success.
Qualifications
No specific experience is required, but financial aptitude and customer service skills are advantageous.