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Below is an in-depth analysis and side-by-side comparison of ReliaKeep 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 | $36,800 - $44,000 | $49,135 - $65,769 |
Franchise Fee | $30,000 | $40,000 |
Royalty Fee | 8% | 6% |
Advertising Fee | 2% | - |
Year Founded | - | 2008 |
Year Franchised | - | 2012 |
Term Of Agreement | 5 years | 5 years |
Term Of Agreement | 5 years | 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 | franchisees will receive 5 days of training at corporate headquarters. | 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 | 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. | 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
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.
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.