Office Evolution vs Payroll Vault Franchise Comparison

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

Start-Up Costs and Fees
	Office Evolution Franchise	Payroll Vault Franchise
Investment	$60,825 - $1,485,150	$49,135 - $65,769
Franchise Fee	$45,000	$40,000
Royalty Fee	7.5%	6%
Advertising Fee	3%	-
Year Founded	2003	2008
Year Franchised	2013	2012
Term Of Agreement	-	5 years
Term Of Agreement	-	5 years
Renewal Fee	-	-
Business Experience Requirements
	Office Evolution Franchise	Payroll Vault Franchise
Experience	Franchisees must enjoy contributing to the success of their small business clients and fostering an environment that's positive, collaborative and supports that goal. The preferred candidate will be able to demonstrate a strong financial standing, sufficient liquidity and the resources necessary to develop a location/territory. To be considered for an Office Evolution franchise, you must meet the following requirements: *Have at least $150,000 in cash or liquid assets and total net worth of $300,000 *Provide $35,000 franchise fee per location	Accounting/Business background is helpful but not necessary.
Financing Options
	Office Evolution Franchise	Payroll Vault Franchise
	In-House/3rd Party	In-House/3rd Party
Franchise Fees	-/Yes	-/-
Start-up Costs	-/Yes	-/-
Equipment	-/Yes	-/-
Inventory	-/Yes	-/-
Receivables	-/Yes	-/-
Payroll	-/Yes	-/-
Training & Support
	Office Evolution Franchise	Payroll Vault Franchise
Training	We offer training updates for your staff On-The-Job Training: 15 hours Classroom Training: 25 hours	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	Office Evolution has established an expert support team that has developed the operational processes, experience and marketing that has built our concept to what it is today. Not only will you receive start-up support for the important aspects of the business including technology, phone systems, and real estate, you will continue to receive support after you open. We will hold regular conferences to provide updated tools and ideas, offer training updates for your staff and share new developments and experiences from other franchisees in other markets. Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software 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	Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing	-
Operations	Absentee Ownership Allowed Number of Employees Required to Run: 1	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
	Office Evolution Franchise	Payroll Vault Franchise
US Expansion	Yes	Yes
Canada Expansion	Yes	-
International Expansion	-	-

Company Overviews

About Office Evolution

More and more people are seeking self-employment as an alternative to a possibly fickle and often frustrating corporate reality. Self-employment rates have been growing at an average of 4.5 percent annually most of this decade, adding roughly 1 million people per year, and across the country, enrollment in entrepreneurship programs at universities is booming, according to a recent Entreprenuer.com article by Jason Daley. With the advent of mobile computing and cloud technology, the opportunities for entrepreneurs are exploding. They no longer need an office, staff and equipment to get started in business and the cost of entry can be very low.

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.