Recognition Express vs Payroll Vault Franchise Comparison

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

Start-Up Costs and Fees

  Recognition Express Payroll Vault
Investment 82100 - 118500 49135 - 65769
Franchise Fee
Royalty Fee 4-6% 6%
Advertising Fee
Year Founded 1972 2008
Year Franchised 1974 2012
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements

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

Financing Options

  Recognition Express Payroll Vault
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support

  Recognition Express 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

  Recognition Express 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
Recognition Express
Payroll Vault
Franchise Fee
Recognition Express
Payroll Vault
Royalty Fee
Recognition Express 4-6%
Payroll Vault 6%
Advertising Fee
Recognition Express
Payroll Vault
Year Founded
Recognition Express 1972
Payroll Vault 2008
Year Franchised
Recognition Express 1974
Payroll Vault 2012
Term Of Agreement
Recognition Express 10 years
Payroll Vault 5 years
Renewal Fee
Recognition Express
Payroll Vault


Business Experience Requirements

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

Financing Options

 
Franchise Fees
Recognition Express No
Payroll Vault No
Start-up Costs
Recognition Express
Payroll Vault
Equipment
Recognition Express}
Payroll Vault
Inventory
Recognition Express
Payroll Vault
Receivables
Recognition Express
Payroll Vault
Payroll
Recognition Express
Payroll Vault

Training & Support

Training
Recognition Express
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
Recognition Express
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
Recognition Express
Payroll Vault
Operations
Recognition Express
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
Recognition Express
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
Recognition Express 0
Payroll Vault
International Expansion
Recognition Express
Payroll Vault