First Choice Business Brokers vs Payroll Vault Franchise Comparison

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

Start-Up Costs and Fees

 
First Choice Business Brokers Franchise
Payroll Vault Franchise
Investment $61,850 - $89,750$49,135 - $65,769
Franchise Fee $45,000$40,000
Royalty Fee 10% - 7%6%
Advertising Fee $250/mo.-
Year Founded 19932008
Year Franchised 20062012
Term Of Agreement -5 years
Term Of Agreement -5 years
Renewal Fee --


Business Experience Requirements

 
First Choice Business Brokers Franchise
Payroll Vault Franchise
Experience -

Accounting/Business background is helpful but not necessary.


Financing Options

 
First Choice Business Brokers Franchise
Payroll Vault Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
First Choice Business Brokers 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 -

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 --
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

 
First Choice Business Brokers Franchise
Payroll Vault Franchise
US Expansion -Yes
Canada Expansion --
International Expansion --

Company Overviews

About First Choice Business Brokers

DON'T BUY A JOB - GET A LIFESTYLE THAT YOUR FRIENDS WOULD DIE FOR - Why get stuck working some business day-in, day-out without the ability to ever be free - With your own First Choice Business Broker franchise, you have the potential to build your business into a passive income stream, giving you a life! And let's face it, isn't that what it's ALL about? As a Business Broker you will assist business owners to sell their business by matching them with a buyer. You will also build a team of ‘Agents' that will do this for you and leverage your efforts.
IT'S POINTLESS OWNING A SUCCESSFUL BUSINESS, IF YOU DON'T HAVE A LIFE. This is a business with low overhead, which is easy for you to get started in. It allows you to leverage your time and money through "Agents" that do the work for you. You can have these agents working for you on commission ONLY and THEY do their own marketing and close their own deals (much like in real estate). This is one of the few opportunities whereby the system is designed from the ground-up for you to build a sizeable organization and a passive income, while keeping overheads to a minimum. This could be the last business you will ever need to start!
BECOME PART OF THE ELITE IN YOUR COMMUNITY - Being a First Choice Business Broker will have you working with the elite level of business owners in your area. This is an executive franchise system that will allow you be a part of an elite group in your community. SYSTEMS - First Choice has created a business system that is second to none in the industry. We have very detailed systems on every aspect of business brokering - built from having listed almost $3 billion dollars of businesses over 13 years.
MARKETING - It's pointless having a great system unless you are able to get the business! You will have, at your fingertips, proven marketing strategies to grow your business regardless of the economy or external factors.
TRAINING - You will receive comprehensive training designed to take you from knowing nothing about the business. In fact our training is designed to take you from "0 to 60" in the shortest time possible. With five very full days of training at our corporate offices, to constant follow-up, 24/7 support line help and ongoing coaching - your training will be world-class and second to none!
BUSINESS BROKERING GETTING READY TO BOOM... This is the most exciting time and opportunity for business brokerage. More than 2,000,000 businesses are sold each year and the Business Broker industry is expected to double over the next 3 years. With the baby boomers moving into retirement, corporate downsizing, and the affordability of starting a small business constantly dropping - creates massive demand for business sales. It's time for you to become part of this in-demand industry by joining the First Choice Team...
BE YOUR OWN BOSS AND ENJOY THE LIFESTYLE OTHERS ONLY DREAM ABOUT.. If you have the drive to succeed, want to help people, and are a leader, owning a First Choice Business Broker franchise may be the perfect opportunity to create an amazing lifestyle for you and your family. You have nothing to lose and everything to gain by looking closely at this amazing opportunity.

Take the first step to owning your own business and complete our online form NOW. Submitting a request means you are interested in investing at least US$75,000 into your own franchise. Franchises for sale in all U.S. states in which our Uniform Franchise Offering circular is registered or otherwise effective. Ronald Serota, Attorney.

#285 in Franchise 500 for 2021.   Not 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
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In Franchise Business Reviews' Top 200.

"Entrepreneur
#449 in Franchise 500 for 2020.