Payroll Vault is Boutique-Style Full-Service Payroll Franchise that Empowers Small Businesses
APRIL 4, 2023 FOR IMMEDIATE RELEASE
Littleton, Colorado, April 4, 2023 – Payroll Vault was identified by independent franchise research firm, Franchise Business Review, as a 2023 Top Low-Cost Franchise.
Payroll Vault is a full-service payroll company that specializes in helping small businesses achieve their growth objectives faster and more efficiently. Founded by career CPA, Sean Manning, Payroll Vault understands that small businesses have unique payroll needs that require tailored solutions.
"At Payroll Vault, we recognize that small businesses are the backbone of our economy. Our mission is to empower these businesses by providing them with the tools and support they need to succeed," said Sean Manning, CEO/founder of Payroll Vault.
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.
Nearly 12,000 franchisees representing over 135 low-cost brands participated in Franchise Business Review’s franchisee satisfaction survey over 18 months. The brands that were named to the list of the best low-cost franchises to buy had to have high franchisee satisfaction and an investment of under $100,000 at the time their franchisees participated in FBR’s satisfaction survey.
Payroll Vault’s 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, culture, and financial opportunity.
“One of the most common myths around buying a franchise is that it’s too expensive. But what many people don’t know is that there are a number of very solid business opportunities out there that can provide the satisfaction and perks of business ownership but don’t require a huge financial investment,” said Eric Stites, CEO of Franchise Business Review. “Approximately one-third of the franchise companies we survey have initial investments starting under $100K, and with financing, many can be started for as little as $15-$20K, with a few options starting under $10K. More importantly, the franchises that made this year’s list of the Top Low-Cost Franchises have average owner satisfaction 12% higher than our industry benchmark, making them all excellent options for entrepreneurs considering franchise ownership.”
"By becoming a Payroll Vault franchisee, entrepreneurs can capitalize on the growing demand for payroll services in their local communities. Our proven business model, comprehensive training, and ongoing support make it easy for franchisees to succeed," said Manning. “Compared to other franchise options, Payroll Vault is considered a low-cost franchise opportunity with a reasonable entry path into business ownership. This is relatively affordable compared to other franchise opportunities that can require investments of several hundred thousand dollars or more.”
Visit FranchiseBusinessReview.com to see the full list of 2023 Top Franchises.
About Payroll Vault Franchising
Payroll Vault Franchising is a leading provider of payroll and workforce management services for small businesses. The company offers a unique boutique-style full-service payroll business model that is backed by a team of experts and a nationally recognized brand. Founded in 2012, Payroll Vault Franchising has quickly become a trusted name in the industry, a tribute to its focus on exceptional client service and commitment to delivering innovative solutions to meet the evolving needs of small businesses. If you're interested in learning more about Payroll Vault Franchising and how you can become a part of this exciting opportunity, visit PayrollVault.com/franchise today.
About Franchise Business Review
Franchise Business Review (FBR) is a leading market research firm serving the franchise sector. FBR measures the satisfaction and engagement of franchisees and franchise employees 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 1,200 leading franchise companies. FBR publishes free and unbiased franchisee satisfaction research reports throughout the year online at http://www.FranchiseBusinessReview.com. To read our publications, visit https://franchisebusinessreview.com/page/publications/.