Payroll Vault Franchising Expands to Atlanta, GA Market with FCC
JAN 09, 2020 - FOR IMMEDIATE RELEASE
Greenwood Village, Colorado, January 10, 2020 - Payroll Vault Franchising announces their newest franchisee opening in the Atlanta, Georgia market from a client of The Franchise Consulting Company’s Consultant Roy Billesbach. Roy worked seamlessly with the Payroll Vault Team bringing ownership to light for his client, and a new franchise location to the growing brand. Racing out of the gates in the summer of 2019 as a new brand represented in the FCC portfolio of franchises, Atlanta, Georgia marks the 3rd Payroll Vault franchise sold within the past 3 months. FCC Consultants Janice Charles and Faizun Kamal ushered in the other two franchisees in Maryland and Pennsylvania for the franchise brand which now has 52 locations across the United States.
The Georgia franchisee was introduced to Payroll Vault because of his broad background in relationship banking and data management/analytics IT as he understands the value in professional financial services and how this type of business accelerates with client service creating a recurring revenue stream that annuitizes over time with no limit on growth or income potential.
Also appealing, there isn’t a need for a retail build-out to operate a Payroll Vault – however, office space is suggested, making the transaction for the sale of a franchise quick and efficient.
Many of the Payroll Vault franchisees start their business as owner/operator, and hire on staff as they grow their client base. Others are semi-absentee owners as their business matures and they hire a payroll processor and salesperson. This flexibility makes owning a Payroll Vault a low-cost franchise with startup costs between $50,000 - $80,000 - a perfect fit for quick SBA funding.
New franchise owners are operational in approximately 90 days and there aren’t special certifications needed to own and operate the business. All necessary skills are taught to the owner over the course of the first year. Franchisees have a variety of backgrounds ranging from engineering, retail, professional services, franchising, mid-level management, accounting, financial, etc. Multiple territories are available across the United States.
The need for payroll services, ranked in the top 3 most outsourced services by business owners, continues to increase and is projected to be an $82 billion industry by 2022. Payroll Vault's success is a result of their outstanding client service detail and business acumen which is demonstrated in their 97% client retention rate - which significantly outpaces their competition. Each franchise operates as a full-service payroll and workforce management company. Services are conducted locally for the client; meaning, Payroll Vault doesn't employ overseas call and processing centers like many of their competitors. Franchise Business Review rated Payroll Vault #13 in their "Top 50 Franchises in the nation for Franchisee Satisfaction" and "#1 in Industry Category for 2019". Franchise Consultants are excited to work with the Payroll Vault Team and place their clients in a unique franchise brand.
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About Payroll Vault Franchising
Payroll and Workforce Management services are growing requirements for small businesses. Payroll Vault Franchising offers the opportunity to own a boutique-style full-service payroll company supported by a team of experts and a nationally recognized brand. From the franchise launch in 2012, Payroll Vault Franchising has rapidly grown as a result of exemplary client service and is an industry leader receiving numerous accolades and awards nationally. For more information, visit PayrollVaultFranchise.com.
For more information contact:
Director of Franchise Development
Payroll Vault Franchising LLC