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Below is an in-depth analysis and side-by-side comparison of The Organization Supporting Business Owners vs Payroll Vault including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $25,000 | $49,135 - $65,769 |
Franchise Fee | N/A | $40,000 |
Royalty Fee | - | 6% |
Advertising Fee | - | - |
Year Founded | - | 2008 |
Year Franchised | - | 2012 |
Term Of Agreement | - | 5 years |
Term Of Agreement | - | 5 years |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | Accounting/Business background is helpful but not necessary. |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | -/- | -/- |
Start-up Costs | -/- | -/- |
Equipment | -/- | -/- |
Inventory | -/- | -/- |
Receivables | -/- | -/- |
Payroll | -/- | -/- |
Training & Support |
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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 |
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US Expansion | - | Yes |
Canada Expansion | - | - |
International Expansion | - | - |
NO LONGER FRANCHISING
OSBO is expanding our local consulting and training benefits through franchise territories. Our OSBO franchisees will have access to the latest technology, to manage their database, develop reports and handle the accounting for the membership. Each franchise territory will have its own locally branded website for posting local events and member information.
We offer our franchisees a business with low overhead and no requirements of a physical location. For more information about an OSBO Franchise, please contact OSBO Franchising, LLC at [email protected] e-mail address is being protected from spam bots, you need JavaScript enabled to view it and visit our membership site at http://www.osbo.org/.
Benefits of an OSBO Franchisee
REASONS TO BECOME AN OSBO FRANCHISEE
* An exciting new franchise concept
* Five years of success
* Exclusive territory
* Low overhead
* No physical location is required
* Accounting and merchant fees managed by Corporate Office
* Locally branded website
* Online reporting
* Online database
* Low monthly fees
* Builds visibility in the business community for the franchisee
* A great compliment to an existing sales and business support service company
* Complimentary to other franchise concepts and franchise ownership
A GREAT PRODUCT THAT BUSINESS OWNERS NEED
OSBO membership benefits are a product that any business owner could use.
A low annual fee makes it an easy decision for a business owner to join.
Benefits extend to the employees of the member firms making it attractive to a business of any size.
Association Health programs make membership a great advantage to small business owners without existing health plans.
REVENUE STREAMS FOR FRANCHISEES
Franchisees receive 70% of revenue from memberships and local consulting fees and all of the local revenue from local events.
OSBO offers a tiered membership program based on the number of locations that a company has in a franchise territory increasing the revenue opportunity for the franchisee.
OSBO has local consulting teams that pay an additional monthly fee to become the consultant in their category.
Since OSBO membership benefits include the employees of each member firm, companies with multiple locations pay higher membership fees.
The membership fees are annual giving the franchisee residual income when the members renew.
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.