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PAYROLL VAULT
Provides software-based payroll and employee management services, including payroll check writing, payroll tax payment and reporting, independent contractor check writing and reporting, and related human capital and workforce management services for businesses of all sizes.
Your franchise match score
Technology
Brand super powers
Proven franchise system
Incredible industry growth and demand
Support team has over 50 years experience
Brand highlights
- CEOR. Sean Manning
- Headquarters1860 W Littleton Blvd., Littleton, CO, 80120
- Year founded2012
- Year started franchising2012
- IndustryTechnology
- Locations open55 (+3 last three years)
Statistics & metrics
- Investment range$77,000 - $140,010
- Franchise fee$68,500
- Royaltythe greater of 6% of your “Gross Revenue” (Percentage Royalty) or $400 (Minimum Royalty).
- Brand fundour then-current fee, which is now $300 per month.
- Required Liquid Capital$100,000
- Required Net Worth$250,000
Learn more about the Technology industry:
Technology franchises include IT support, computer repair, and digital marketing. As technology becomes integral to daily life, this sector offers opportunities for tech-savvy entrepreneurs.
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FDD insights
The information shown below is derived from publicly available franchise disclosure documents (FDDs), including the version issued as of the issuance date listed below, and other third-party sources. This information may not reflect the most current FDD. It is provided for general informational purposes only and is not part of any franchise offering or sales process. Franchise Sidekick is not providing or furnishing an FDD in accordance with FTC requirements. You should obtain and review the most current official FDD directly from the franchisor before making any investment decision.
FDD Version Referenced - Issuance Date: 2024-04-19
| Category | Detail | View |
|---|---|---|
| The Franchisor & Executives | Learn about PAYROLL VAULT, its parent company, and the executive leadership team responsible for operating and supporting the franchise system. | |
| Business Experience | Review the professional backgrounds and relevant business experience of PAYROLL VAULT's executives, directors, and key management personnel. | |
| Litigation | Understand any past or pending legal actions involving PAYROLL VAULT, its affiliates, or key personnel that may be relevant to prospective franchisees. | |
| Estimated Initial Investment | Review the estimated total initial investment required to open a PAYROLL VAULT franchise, including startup costs and working capital estimates. | |
| Financial Performance Representations | Review any financial performance information PAYROLL VAULT provides, including revenue or earnings data, if disclosed. |
Location data
| Total locations | 55 |
| Franchise locations | 54 |
| Corporate locations | 1 |
System growth over time
FAQs
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Franchisee reviews
See feedback from owners about their experience with PAYROLL VAULT.
Based on 2 reviews
CURRENT FRANCHISEE
Number of Locations: 1
The franchisee expressed a generally positive view of the brand, noting high overall satisfaction and feeling well prepared by the initial training and ongoing support. They praised effective customer acquisition as well as the system’s standard operating procedures and clear roadmap. However, financial results and ROI are only meeting expectations, they are unlikely to recommend the brand or expand, and they cited increasing franchise fees as an area needing improvement.
PERFORMANCE SCORECARD
FRANCHISEE
Number of Locations: 1
The franchisee expressed a generally positive view of the brand, indicating they would likely purchase again. They praised strong communication from headquarters and appreciated adequate training and visibility into KPIs. Financial results and the franchisor’s time-commitment expectations have met expectations only moderately. They suggested expanding documentation beyond video-based training to support different learning styles and noted that fees have increased over time.