Denver, CO, April 9, 2024 - Payroll Vault was identified by independent franchise research firm, Franchise Business Review, as a 2024 Top Low-Cost Franchise.  

Payroll Vault is a leading provider of payroll, human resource, and tax compliance services for small and medium-sized businesses. With a low initial investment and strong franchisee satisfaction, Payroll Vault has emerged as an attractive franchise opportunity for entrepreneurs looking to start their own business. 

Franchise Business Review (FBR) provides 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 11,000 franchisees representing 140 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 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. 

"It's a common misconception that buying a franchise is too expensive for the average person seeking to start a business. But what many people don't know is that there are very solid franchise 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 award-winning brands on our list of the Top Low-Cost Franchises have initial investments starting under $75K. With financing, many can be started for as little as $20K, with a few options starting under $15K. More importantly, these 50 franchises have average owner satisfaction 15-20% higher than our industry benchmark, making them all excellent options for entrepreneurs considering franchise ownership." 

Payroll Vault's survey data showed high levels of franchisee satisfaction across key areas, including training, support, and financial performance.

"We are thrilled to be recognized as a top low-cost franchise by Franchise Business Review," said Sean Manning, CEO/Founder of Payroll Vault. "Our mission is to provide a fully equipped business opportunity that empowers entrepreneurs to build successful payroll and human resource services companies in their local communities. This recognition is a testament to the hard work and dedication of our franchisees." 

About Payroll Vault


Payroll Vault is a leading provider of payroll, human resource, and tax compliance services for small and medium-sized businesses. Founded in 2012, the company has grown significantly across the United States. Payroll Vault offers a comprehensive suite of products and services, including payroll processing, tax filing, HR support, and employee benefits administration. The company's franchise model provides entrepreneurs with a ready-to-go business opportunity in the rapidly growing payroll and human resource services industry. 

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/.  

Media Contacts: 


Jessica Martin 

Chief Marketing Officer, Payroll Vault 




Ali Forman 

B2B Marketing Director, Franchise Business Review