PRstore vs Payroll Vault Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of PRstore vs Payroll Vault including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
PRstore Franchise
Payroll Vault Franchise
Investment $127,000 - $181,000$49,135 - $65,769
Franchise Fee $29,500 - $89,500$40,000
Royalty Fee 4.25%6%
Advertising Fee --
Year Founded 20012008
Year Franchised 20022012
Term Of Agreement 5 years5 years
Term Of Agreement 5 years5 years
Renewal Fee --


Business Experience Requirements
 
PRstore Franchise
Payroll Vault Franchise
Experience
  • Industry experience

    • Accounting/Business background is helpful but not necessary.


    Financing Options
     
    PRstore Franchise
    Payroll Vault Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/No-/-
    Start-up Costs No/No-/-
    Equipment No/No-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    PRstore Franchise
    Payroll Vault Franchise
    Training -

    3-4 day Owners training program at our headquarters in Greenwood Village, Colorado. 5-day Sales & Marketing Training program at our headquarters in Greenwood Village, Colorado. Payroll Processing Training program is an ongoing training for 6 months to one year. *You will learn the operational and administrative elements of the business. *The experience takes place in a combination of classroom and field environments. *We also offer a variety of ongoing web training sessions throughout the year.
    Support Newsletter, Meetings, Grand opening, Internet, Field operations/evaluations

    You're in business for yourself, but not by yourself. We are here for you every step of the way. You will be able to contact our support staff via email and phone to ask questions or to discuss business issues. Building a great business in the payroll industry couldn't be easier.
    Marketing Co-op advertising, Ad slicks, National media, Regional advertising-
    Operations 75% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 2

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    		This franchise opportunity is “doors open” M-F type of business. There are 2 primary job functions in this business, they are Business Development and Payroll Processing.

    Expansion Plans
     
    PRstore Franchise
    Payroll Vault Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About PRstore

    Our franchise fee is $89,500 for PRstore RETAIL and $29,500 for PRstore OFFICE.

    RETAIL offers a retail store in an exclusive territory.

    OFFICE offers an office setting in a non-exclusive territory.

    About Payroll Vault

    Payroll Vault provides a successful business model delivering tailored payroll services to the vast number of small and medium sized businesses. Business owners are faced with payroll related regulations, legislation, non-compliance issues, fees and fines. Now more than ever, these business owners need help and are looking for solutions.  

    The nation’s fasting growing payroll franchise, Payroll Vault has mastered the art of running a successful payroll business, and is leading the way in a $13 billion market opportunity. With over 35 years of industry experience, our support team will provide the training, and ongoing day-to-day support necessary for success.

    We're looking for people ready to capitalize on the opportunity to be a highly successful entrepreneur and the chance to work with other successful business owners in their community, helping them with their payroll needs and keeping them focused on their business. 

    If that's you, get in touch with us to help you get started on your Payroll Vault opportunity.

    Veteran Incentives  10% off franchise fee
    ""  
    In Franchise Business Reviews' Top 200.

    "Entrepreneur
    #449 in Franchise 500 for 2020.