Start-Up Costs and Fees |
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| Mr. Payroll | Payroll Vault | |
| Investment | 60500 - 151500 | 49135 - 65769 |
| Franchise Fee | 0 | |
| Royalty Fee | 10-25% | 6% |
| Advertising Fee | ||
| Year Founded | 1989 | 2008 |
| Year Franchised | 1992 | 2012 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
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| Mr. Payroll | Payroll Vault | |
| Experience | General business experience Customer service skills | Accounting/Business background is helpful but not necessary. |
Financing Options |
||
| Mr. Payroll | Payroll Vault | |
| Franchise Fees | No | |
| Start-up Costs | No | |
| Equipment | No | |
| Inventory | No | |
| Receivables | No | |
| Payroll | No | |
Training & Support |
||
| Mr. Payroll | 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 | Newsletter, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations | 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 slicks | |
| Operations | 39% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) | 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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| Mr. Payroll | Payroll Vault | |
| US Expansion | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming, | 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 | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Mr. Payroll | |
| Payroll Vault | |
| Franchise Fee | |
| Mr. Payroll | |
| Payroll Vault | |
| Royalty Fee | |
| Mr. Payroll | 10-25% |
| Payroll Vault | 6% |
| Advertising Fee | |
| Mr. Payroll | |
| Payroll Vault | |
| Year Founded | |
| Mr. Payroll | 1989 |
| Payroll Vault | 2008 |
| Year Franchised | |
| Mr. Payroll | 1992 |
| Payroll Vault | 2012 |
| Term Of Agreement | |
| Mr. Payroll | 10 years |
| Payroll Vault | 5 years |
| Renewal Fee | |
| Mr. Payroll | |
| Payroll Vault | |
Business Experience Requirements |
|
| Experience | |
| Mr. Payroll | General business experience Customer service skills |
| Payroll Vault | Accounting/Business background is helpful but not necessary. |
Financing Options |
|
| Franchise Fees | |
| Mr. Payroll | No |
| Payroll Vault | No |
| Start-up Costs | |
| Mr. Payroll | |
| Payroll Vault | |
| Equipment | |
| Mr. Payroll} | |
| Payroll Vault | |
| Inventory | |
| Mr. Payroll | |
| Payroll Vault | |
| Receivables | |
| Mr. Payroll | |
| Payroll Vault | |
| Payroll | |
| Mr. Payroll | |
| Payroll Vault | |
Training & Support |
|
| Training | |
| Mr. Payroll | |
| 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 | |
| Mr. Payroll | Newsletter, Toll-free phone line, Grand opening, Security/safety procedures, Field operations/evaluations |
| 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 | |
| Mr. Payroll | Co-op advertising, Ad slicks |
| Payroll Vault | |
| Operations | |
| Mr. Payroll | 39% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators) |
| 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 | |
| Mr. Payroll | Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, West Virginia, Wyoming, |
| 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 | |
| Mr. Payroll | |
| Payroll Vault | |
| International Expansion | |
| Mr. Payroll | |
| Payroll Vault | |