Payroll Vault Franchise FDD, Profits & Costs (2025)
Payroll Vault is a specialized payroll services franchise that was established in 2008 by Sean Manning in Colorado. With its headquarters located in Littleton, the brand started franchising in 2012 to bring its client-first business model to communities across the country.
The company delivers a full suite of payroll and workforce management solutions designed specifically for small to mid-sized businesses. Its offerings include payroll processing, tax filing, timekeeping, and HR support, giving entrepreneurs and business owners a reliable partner to streamline operations.
Unlike industry giants such as ADP and Paychex, Payroll Vault differentiates itself through a highly personalized, community-driven service model. Franchise owners are encouraged to build strong ties within their local business and social circles, creating trusted relationships with clients.
Initial Investment
How much does it cost to start a Payroll Vault franchise? It costs on average between $77,000 – $112,000 to start a Payroll Vault franchised facility.
This includes expenses such as office setup, technology systems, software, and initial working capital. The total investment varies based on factors like the size and location of the office, local market conditions, and whether the franchisee decides to lease or purchase office space.
| Type of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $68,500 to $88,500 |
| Rent | $0 to $800 |
| Rental Improvements | $0 to $400 |
| Deposits | $0 to $1,000 |
| Training Fee | $0 to $1,810 |
| Training Expenses | $0 |
| Computer System | $225 to $1,225 |
| Furniture, Fixtures, Equipment, and Phone Lines | $150 to $650 |
| Technology Startup Fee | $1,500 |
| Insurance and Professional Services | $4,000 to $6,000 |
| Additional Funds – 3 months | $3,000 to $10,000 |
| TOTAL | $77,375 to $111,885 |
Average Revenue (AUV)
How much revenue can you make with a Payroll Vault franchise? A Payroll Vault franchised business makes on average $188,000 in revenue (AUV) per year.
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Frequently Asked Questions
How many Payroll Vault locations are there?
As of the most recent data, Payroll Vault operates 55 franchised locations in the United States
What is the total investment required to open a Payroll Vault franchise?
The total investment required to open a Payroll Vault franchise ranges from $77,000 to $112,000.
What are the ongoing fees for a Payroll Vault franchise?
A Payroll Vault franchise carries ongoing fees that include a royalty fee of 6% of gross revenues, with a required minimum payment that starts at $400 per month and may rise to $600 or $800 depending on the size of the territory.
In addition, franchisees are responsible for a marketing and advertising fee of $300 per month to support brand-wide promotional initiatives.
What are the financial requirements to become a Payroll Vault franchisee?
To qualify as a Payroll Vault franchisee, candidates are required to have a minimum net worth of $250,000. In addition, they must show access to liquid capital in the range of $50,000 to $100,000, ensuring they have the necessary resources to cover startup costs and initial operating expenses.
How much can a Payroll Vault franchise owner expect to earn?
The average gross sales for a Payroll Vault franchise are approximately $0.19 million per location. Assuming a 15% operating profit margin, $0.19 million yearly revenue can result in $29,000 EBITDA annually.
Who owns Payroll Vault?
The Payroll Vault franchise is owned by Sean Manning, who founded the company in 2008 in Colorado.
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