Workforce Management franchise adds value to clients and provides exemplary support to its franchise offices nationwide – maintaining impressive franchisee satisfaction.
MAR 31, 2022
Greenwood Village, Colorado, March 31, 2021 – Payroll Vault was recently named a top franchise by Franchise Business Review in its report on the Top Recession-Proof Franchises for 2021.
Payroll Vault is a boutique-style full-service payroll company designed for small business. Founded by career CPA, Sean Manning, who identified the benefits of separating payroll from traditional accounting to achieve more efficient results, Payroll Vault focuses on the needs of local small and midsize businesses to help them achieve their business growth objectives faster and more efficiently.
Franchise Business Review (FBR) provides the only rankings of franchises based solely on actual franchisee satisfaction and performance. FBR publishes its rankings of top franchises in its annual Guide to Today’s Top Franchises, as well as in quarterly reports throughout the year that rank the top franchises in specific sectors.
More than 31,000 franchisees representing nearly 300 franchise brands participated in Franchise Business Review’s franchisee satisfaction survey between July 2019 and February 2021. From the research, Payroll Vault was one of just 100 franchise brands to be identified as a Top Recession-Proof Franchise award winner and be featured on the list of the best recession-proof businesses to start.
Payroll Vault franchisees were surveyed on 33 benchmark questions about their experience and satisfaction regarding critical areas of their franchise systems, including training & support, operations, franchisor/franchisee relations, and financial opportunity.
“From our perspective, franchisee satisfaction is one of the most important factors to consider before investing in any franchise opportunity,” said Eric Stites, CEO of Franchise Business Review. “Franchising has historically performed well in a recession, and for people seeking to be their own boss, the recession-proof businesses we identified this year not only have outstanding satisfaction among their owners, but we feel they hold a strong advantage to outperform their competitors in the years ahead.”
“Our Brand is growing strong, and we are excited for our Franchisees and the success that they are achieving in key areas, such as the Employee Retention Tax Credit (ERTC) assistance," said CEO/Founder Sean Manning. “We also feel fortunate to be an essential business and even more blessed to be able to be of great value to our clients and franchisees. For the past 2 years all the changes in the business marketplace have presented business owners with unique challenges, but also, importantly, incredible opportunities to evolve business and grow. Payroll Vault as a franchise system, Team, and at every local office, are proud to help small businesses in a great time of need.”
Visit FranchiseBusinessReview.com to see the full list of the Top 200 Franchises of 2021.
About Payroll Vault Franchising
Payroll and Workforce Management solutions 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 PayrollVault.com/franchise.
About Franchise Business Review
Franchise Business Review (FBR) is a leading market research firm serving the franchise sector. FBR measures satisfaction and engagement of franchisees and publishes various guides and reports for entrepreneurs considering an investment in a franchise business. Since 2005, FBR has surveyed hundreds of thousands of franchise owners and over 1,100 leading franchise companies. To read our publications, visit https://franchisebusinessreview.com/page/publications/. To learn more about FBR’s research, please visit www.FranchiseBusinessReview.com.
Marketing Director and EPM
Franchise Business Review