CFO Today vs Payroll Vault Franchise Comparison

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

Start-Up Costs and Fees
 
CFO Today Franchise
Payroll Vault Franchise
Investment $24,400 - $40,000$49,135 - $65,769
Franchise Fee $24,000$40,000
Royalty Fee Varies6%
Advertising Fee --
Year Founded 19892008
Year Franchised 19902012
Term Of Agreement 10 years5 years
Term Of Agreement 10 years5 years
Renewal Fee $4.8K-


Business Experience Requirements
 
CFO Today Franchise
Payroll Vault Franchise
Experience -

Accounting/Business background is helpful but not necessary.


Financing Options
 
CFO Today 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
 
CFO Today 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, Toll-free phone line, Internet, Field operations/evaluations, Purchasing cooperatives

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 Franchise can be run from home.

20% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 1

Absentee ownership of franchise is allowed. (90% 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
 
CFO Today Franchise
Payroll Vault Franchise
US Expansion -Yes
Canada Expansion No-
International Expansion Yes-

Company Overviews

About CFO Today

John Harrison felt that many small businesses were failing because they couldn't afford accountants, so he began providing 'professional services at bookkeeper's rates.' In 1989, Harrison established Accountant's Choice, which has since changed its name to CFO Today.

Franchising started in 1990, and there are now locations across the United States offering accounting services to local small businesses.

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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#449 in Franchise 500 for 2020.