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Updated RecentlyPayroll Vault vs Supporting Strategies Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Payroll Vault vs Supporting Strategies including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $49,135 - $65,769 | $77,930 - $103,190 |
| Franchise Fee | $40,000 | $60,000 |
| Royalty Fee | 6% | 10% |
| Advertising Fee | - | 2% |
| Year Founded | 2008 | 2004 |
| Year Franchised | 2012 | 2013 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
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| Experience | Accounting/Business background is helpful but not necessary. | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | -/- | -/Yes |
| Start-up Costs | -/- | -/Yes |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| 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. | On-The-Job Training: 23 hours Classroom Training: 12 hours Additional Training: Online training |
| Support | 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. | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform |
| Marketing | - | Co-op Advertising Ad Templates Social media SEO Website development Email marketing Loyalty program/app |
| Operations | 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 |
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| US Expansion | Yes | Yes |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
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
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About Supporting Strategies
Just take the time to make sure buying a franchise is right for you before you make the leap. It could be hard to get your old corporate life back once you leave that world to pursue independent business ownership for a year or two.
For more information about the pros and cons of business ownership, contact Supporting Strategies today!