Payroll Vault Franchise
Payroll Vault is a customer focused, full-service payroll company designed for small business. We help business owners be more successful by supporting them with payroll and workforce management services. All of our services are customized and provided on a local level in your community.
$25,000
$68,500
62
2012
Littleton ,CO
Tricia Petteys
About Payroll Vault
Payroll Vault is a boutique-style, B2B, cloud-based payroll and HR services franchise designed for high recurring revenue with low overhead and no required brick-and-mortar office. Targeting small-to-mid-sized businesses, it offers a scalable, remote-friendly model
Franchise Unit Trends & Revenue
62
14
$281,574
* in 2024
Franchise Fees
$68,500
Veteran's Fee: $61,650 - $79,650
0.0% - 6.0%
Gross Revenues
$300
Fixed Fee
Why Choose Payroll Vault?
The Payroll Vault - payroll services business is best described as a professional type of business. The owner and/or their employees will be using an advanced technology software system to process payroll and provide related workforce management tools to business owners. In addition to the day-to-day operations of the business that is typically done during standard business hours, Monday through Friday, 8-5. That said, this is also a remote business model that provides added flexibility to both the work location and the work hours. In addition to the operations the owner will be scheduling daily marketing activities and/or sales meeting to grow the business, thus being involved in the community and working with other business owners to develop referral opportunities is also part of the day to day to grow the business.
Starting Costs & Investment Requirements
$77,000 - $112,000
$150,000
$25,000
Training & Support
Payroll Vault provides comprehensive training and support for new franchisees, including a 3-day initial intensive, ongoing virtual operations training, and specialized sales/marketing assistance.
Support includes monthly calls, two annual conferences, and direct access to peers. No industry experience is required to begin.
Key Training & Support Components
- Initial Training (3 Days): Covers ownership, management, operations, and sales/marketing.
- Operations & Software: Ongoing virtual training for payroll processing and software.
- Launch Assistance: Support during the initial 60–90 days for client onboarding.
- Ongoing Support: Monthly "Owner Calls," sales and marketing support calls, and accountability groups.
- Annual Events: Access to the Owners Exchange Conference and the Annual National Conference.
- Resources: Access to marketing materials, social media, and industry best practices.
- No Experience Required: Designed for career changers, with focus on training and compliance.
- Direct Access: Access to a network of peers and corporate team experts.
- Dedicated Support: Personalized service to assist with complex tax and compliance rules.
History
Payroll Vault was founded in 2008 in Colorado by CPA Sean Manning to provide specialized, boutique-style payroll services, later launching as a franchise in 2012. It grew from Manning’s accounting firm to address the need for personalized, compliant payroll services for small businesses. The company has received numerous awards, including recognition for top franchise culture, high franchisee satisfaction, and as a top low-cost franchise.
Origin (2008-2011): Sean Manning, having operated his own CPA firm since 1999 (Manning & Company), recognized that small businesses were underserved in payroll and workforce management.
Launch (2012): Payroll Vault Franchising, LLC was established, and the first franchise unit was sold in Fort Collins, Colorado.
Growth: The company focused on a model that separated payroll from traditional accounting, targeting small to mid-sized businesses.
Recognition: It is frequently recognized by Franchise Business Review for high satisfaction and as a "Fran-tastic" brand.
The company is headquartered in Littleton, Colorado, and continues to expand as a national leader in independent payroll services.
Ideal Candidate
Hard working, business/marketing/sales background is a plus, accounting and payroll experience helpful but not required, USA Citizenship, minimum credit score of 685, no bankruptcy under 8 years or legal issues prohibiting operation of a financial services business, understanding of franchising model and willingness to follow a systemized process. Someone who likes operations and/or business development that has attention to detail, and has a passion for their local business community and wants to support small businesses, which 90% of all businesses are small businesses.
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