Padgett Business Services vs Payroll Vault Franchise Comparison

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

Start-Up Costs and Fees
 
Padgett Business Services Franchise
Payroll Vault Franchise
Investment $20,200 - $99,975$49,135 - $65,769
Franchise Fee $15,000 - $56,000$40,000
Royalty Fee 9%+6%
Advertising Fee --
Year Founded 19652008
Year Franchised 19752012
Term Of Agreement 20 years5 years
Term Of Agreement 20 years5 years
Renewal Fee 5% of then-current fee-


Business Experience Requirements
 
Padgett Business Services Franchise
Payroll Vault Franchise
Experience
  • Industry experience

    • Accounting/Business background is helpful but not necessary.


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

    Training & Support
     
    Padgett Business Services Franchise
    Payroll Vault Franchise
    Training Classroom Training: up to 80 hours Additional Training: At annual marketing convention & tax seminar

    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/Conventions Toll-Free Line Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform

    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 Ad Templates National Media Social media SEO Website development Email marketing -
    Operations Franchise can be run from home.

    0.5% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 1

    Absentee ownership of franchise is NOT allowed.

    		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
     
    Padgett Business Services Franchise
    Payroll Vault Franchise
    US Expansion YesYes
    Canada Expansion Yes-
    International Expansion Yes-

    Company Overviews

    About Padgett Business Services

    Bolster Your Small Business Tax Practice
     As the owner of a tax practice, you must be proactive in order to keep up with market changes, technology and your clients' needs. Staying on top of new regulations is critical for any tax business to truly serve its clients. From this challenge to growing your customer base, revenue and profitability, you need someone to support your efforts in improving and solidifying your business. Enter Padgett Business Services, a provider of tax, finance, compliance and payroll services to small businesses. A local, affiliate-based organization, we rely on tax professionals like you to meet the needs of business owners across the country.
     As a Padgett Business Services affiliate owner, you're able to bolster your business with:
    - Tax support services that help you provide the best possible assistance to your clients.
    - State-of-the-art software that streamlines your processes.
    - Greater opportunities to grow your client base, increase your revenue and maximize your profitability.
    - Continue to build upon your success and learn more about your growth potential as an affiliate of Padgett Business Services.

    Veteran Incentives  $4,000 off franchise fee
    "Top     "Top
    #78 in Gator's Top franchises.
    #92 in Canada's Top franchises.

    "Entrepreneur
    #435 in Franchise 500 for 2020.



    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.