Payroll Vault vs Growth Concepts Franchise Comparison

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

Start-Up Costs and Fees
 
Payroll Vault Franchise
Growth Concepts Franchise
Investment $49,135 - $65,769$500
Franchise Fee $40,000N/A
Royalty Fee 6%-
Advertising Fee --
Year Founded 20081989
Year Franchised 20122017
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements
 
Payroll Vault Franchise
Growth Concepts Franchise
Experience

Accounting/Business background is helpful but not necessary.

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Financing Options
 
Payroll Vault Franchise
Growth Concepts Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Payroll Vault Franchise
Growth Concepts 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.

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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.

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Marketing --
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
 
Payroll Vault Franchise
Growth Concepts Franchise
US Expansion YesYes
Canada Expansion --
International Expansion -Yes

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
""  
In Franchise Business Reviews' Top 200.

"Entrepreneur
#449 in Franchise 500 for 2020.




About Growth Concepts

"Growth

Growth Concepts is the leading provider of tools and processes for maximizing business value for increasing and leveraging equity.
We have been assisting Businesses Owners/Buyers since 1989.
We honor and train Business Owners/Employees and Ambassadors of Business Equity
using the STS Business Equity System throughout the world.