There are over 30 million businesses in the US, which drives a $47 billion payroll industry. Small businesses generate 65% of new jobs, with 97% of the businesses employing less than 100 employees. With ever-changing regulations at all levels of government, small businesses need a reliable, local provider that can provide a personal, consultative approach for their workforce management needs. This is where the Payroll Vault franchise industry comes in. Founded in 2007, the brand has grown to over 60 locations across the U.S. It is a B2B full-service payroll company that designs payroll services and workforce management solutions with small businesses in mind. As a B2B franchise, every business can be you client! This is an attractive franchise opportunity for prospective franchise owners because you don't need previous payroll experience; you can have independence and run it part-time with semi-absentee ownership; and this low-cost franchise opportunity offers monthly, quarterly, and annual recurring revenue streams. It also incentives veterans to franchise with them by offering a 25% discount of the initial franchise fee.
Additionally, entering a B2B model as Owner/Operator minimizes labor costs with no accounts receivable, credit cards, checks, or inventory needed. The franchise owner can expect three days of comprehensive training at the franchise's headquarters in Greenwood Village, Colo., to start their business. To ensure your business' growth, the franchise will provide you with two annual conferences, monthly support calls, direct access to your peers and continuing educational programs. This award-winning franchise is also considered to be a top franchise for women and offers franchise owners the opportunity to have multi-unit ownership and streams of revenue. The franchise also a licensing opportunity that allows you to separate your payroll business from your accounting services.