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Below is an in-depth analysis and side-by-side comparison of AmCheck vs ReliaKeep including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $68,700 - $174,100 | $36,800 - $44,000 |
Franchise Fee | $50,000 | $30,000 |
Royalty Fee | 8.5% | 8% |
Advertising Fee | 2.5% | 2% |
Year Founded | 1996 | - |
Year Franchised | 2006 | - |
Term Of Agreement | - | 5 years |
Term Of Agreement | - | 5 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | Experience Is Necessary We require that all of our franchise owners or owner groups have experience in the payroll industry. Our experience has shown that if you have the a solid understanding of the sales and/or operations side of a payroll service bureau, your chance for success is greatly enhanced. Our comprehensive training and support program will provide you with the tools that will enable you to get up to speed quickly. Along with experience, you need to bring a strong desire to be your own boss, to help others, a willingness to learn our system and excellent communication skills. We will take care of the rest, as we teach you the most effective process to attain your goals. The support doesn't end once your office is up and running: We will provide you with continuous support as you run your payroll service bureau. | - |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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Training | - | franchisees will receive 5 days of training at corporate headquarters. |
Support | - | - |
Marketing | - | Social Media (Meetup.com, LinkedIn.com, etc.) Business Seminars Direct Mail Telemarketing Company Website Internet pay-per-click Newsletters Brochures Networking Events Professional Printed Materials Media Advertising |
Operations | - | Franchise can be started part-time and home-based. No experience is necessary. |
Expansion Plans |
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US Expansion | - | - |
Canada Expansion | - | - |
International Expansion | - | - |
A Rewarding and Lucrative Business When you become a franchise owner, you can enjoy the personal satisfaction and financial rewards that come from helping employers achieve their goals. By utilizing the knowledge, systems and relationships that we've been developing since 1996, you can get started in as little as 90 days. You will gain access to a system and support staff that would take a newcomer years to develop. And, the AmCheck brand is ready to go. The initial investment is far less than that required to start your own business and your office will be virtually turnkey. If you are accepted as an AmCheck Franchise Owner, we will train, certify and support you for the life of your business. By working with us, your entrepreneurial dreams can become reality. A Huge and Growing Demand for Our Service According to the U.S. Census Bureau Report "Statistics About Business," in 2004 there were over 5.8 million businesses with employees in the United States. All of these businesses are potential candidates for outsourcing payroll, human resources and benefits. Also according to the U.S. Census Bureau, the Payroll Service Industry has grown an amazing 150% from 1997 to 2002. For employers, when the IRS makes over an average of 420 tax law changes per year, it makes it virtually impossible for small businesses to cost-effectively manage their own payroll and administrative services. Currently, over nine million businesses fall into this category. With 98% of U.S. companies employing fewer than 100 employees, the market for outsourcing is booming, and while the Payroll and HR outsourcing industry continues to experience explosive growth, there's no better way to stay on top than with AmCheck. Succeed With Professional Support Once you establish an office facility, we will deliver complete start-up package, and then our team of experts will work on-site to install and set up everything. The franchise package includes specially designed workstations, a fully configured and networked server, specialty printers, web-based software applications, pc-based software applications, marketing materials, operation manuals, office signage and artwork. The franchisee will also be provided with sales leads, a marketing database of businesses in their territory and a complete Web-based sales management system. We will get you trained and launched, and then it's up to you to carry out the sales and operations strategies. After our experts leave your office, with desktop online support and ongoing training, we'll be with you every step of the way. Tremendous Income Potential and Flexibility Owning an AmCheck franchise means that you have tremendous income potential in your hands. Unlike many other businesses, there's no limit on your income. Also, with recurring revenue from customers, you can enjoy income for a very long time from a single sale.
NO LONGER FRANCHISING
Prepared. Sensible. Bookkeeping. Autonomous organization bookkeeping is a multi-billion dollar, withdraw safe industry. Associations are required to keep exact books of record, as required by the IRS and for obligation detailing purposes. Distinctive focal points of bookkeeping are better cash related organization and help in searching for outside financing from banks and diverse examiners. Franchisees will offer negligible exertion bookkeeping organizations to private endeavors, concentrating on and considering autonomous organizations from start-up to $2 million a year in yearly arrangements. This measurement addresses 95% of all associations in America. Franchisees may perform bookkeeping organizations in-house, using QuickBooks programming, or may outsource to a pre-picked key associate. Franchisees will in like manner offer and give QuickBooks setup, planning, and reinforce organizations. Franchisees may in like manner offer appraisal game plan, open bookkeeper, and some different organizations supported by the Franchisor. Industry Focus Retail Automotive Manufacturing and Distribution Construction Healthcare Real Estate Professional Services Non-Profit Insurance Restaurant Music and Entertainment Agriculture Many Other Industries We have scratch collaborations with outsource bookkeeping associations. Franchisees may perform bookkeeping organizations in-house, or may outsource the organizations, whichever it picks. Generously note QuickBooks setup, get ready, and reinforce must be performed in-house by franchisee, or by franchisee's readied staff.