AmCheck vs Payroll Vault Franchise Comparison

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

Start-Up Costs and Fees

  AmCheck Payroll Vault
Investment 68700 - 174100 49135 - 65769
Franchise Fee
Royalty Fee 8.50% 6%
Advertising Fee 2.50%
Year Founded 1996 2008
Year Franchised 2006 2012
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements

  AmCheck Payroll Vault
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. Accounting/Business background is helpful but not necessary.

Financing Options

  AmCheck Payroll Vault
 
Franchise Fees Yes
Start-up Costs
Equipment
Inventory
Receivables
Payroll

Training & Support

  AmCheck Payroll Vault
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

  AmCheck Payroll Vault
US Expansion Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Canada Expansion 0
International Expansion

Start-Up Costs and Fees Mobile

Investment
AmCheck
Payroll Vault
Franchise Fee
AmCheck
Payroll Vault
Royalty Fee
AmCheck 8.50%
Payroll Vault 6%
Advertising Fee
AmCheck 2.50%
Payroll Vault
Year Founded
AmCheck 1996
Payroll Vault 2008
Year Franchised
AmCheck 2006
Payroll Vault 2012
Term Of Agreement
AmCheck
Payroll Vault 5 years
Renewal Fee
AmCheck
Payroll Vault


Business Experience Requirements

Experience
AmCheck 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.
Payroll Vault Accounting/Business background is helpful but not necessary.

Financing Options

 
Franchise Fees
AmCheck Yes
Payroll Vault Yes
Start-up Costs
AmCheck
Payroll Vault
Equipment
AmCheck}
Payroll Vault
Inventory
AmCheck
Payroll Vault
Receivables
AmCheck
Payroll Vault
Payroll
AmCheck
Payroll Vault

Training & Support

Training
AmCheck
Payroll Vault 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
AmCheck
Payroll Vault 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
AmCheck
Payroll Vault
Operations
AmCheck
Payroll Vault 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

US Expansion
AmCheck
Payroll Vault Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Canada Expansion
AmCheck 0
Payroll Vault
International Expansion
AmCheck
Payroll Vault