Payroll Vault
Business & Professional Services · Tax & Accounting
- Active units
- 54
- Avg unit volume
- $297k
- Royalty
- 6.0%
Franchised, year-end 2023
of weekly Net Sales
About Payroll Vault
Payroll Vault is a leading brand that specializes in providing comprehensive payroll services for small-medium sized businesses. With a wide range of solutions, they offer full-service payroll processing, HR solutions, and workforce management. Their services include Payroll Solutions, HR Solutions, Time & Attendance, Background Checks, Workers’ Compensation, and Labor Law Poster Services. Payroll Vault understands the importance of accuracy and compliance in payroll services, which is why they prioritize delivering exceptional customer service. By outsourcing your payroll and HR tasks to Payroll Vault, you can free up time and resources to focus on growing your business and ensuring your employees are paid on time. Their customizable payroll services and scalable options cater to the unique needs of your business. With Payroll Vault, you can gain control, reduce labor costs, and safeguard your company's reputation. Let Payroll Vault handle your payroll worries while you concentrate on building an amazing partnership for the growth of your business.
Key terms
- Franchise fee
$69k
- Larger Territory at initial purchase
Add 75,000 individuals (total 225,000) for +$10,000 (total IFF $78,500)
- Larger Territory at initial purchase
Add 150,000 individuals (total 300,000) for +$20,000 (total IFF $88,500)
- Brand fund
300.0% of Net Sales
- Local advertising
1.0% of Net Sales
- Additional Territory (75,000 individuals)
$18k
- Additional Territory (150,000 individuals)
$36k
- Veteran discount
10.0% off franchise fee — 10% reduction of the IFF for the first Franchised Business for honorably discharged veterans or first responders
Brand Percentile Rankings
Rankings compare brands in the same operating year. Fee and investment figures come from the FDD (2026 filing); filings on file: 2024, 2025, 2026.
Growth
- Total locations61
Franchised units open at year-end
- New openings14
Gross new units opened during the calendar year
- 1-year unit growth rate13.0%
Net unit growth versus prior year
- 3-year unit CAGR7.2%
Compound annual growth rate of unit count over the trailing 3 years
- Unit growth ratio2.0×
Cumulative opens / closures through year-end
Unit economics
- Annual unit volume (Median)—
Per FDD Item 19 disclosure
- Annual unit volume (25th percentile)—
Per FDD Item 19 disclosure
- Annual unit volume (75th percentile)—
Per FDD Item 19 disclosure
- 1-year Median AUV growth rate-5.1%
Year-over-year change in median AUV
- Store-level EBITDA Margin30.0%
Median unit-level EBITDA / AUV
Investment profile
- Estimated initial investment$109k
Midpoint of estimated initial investment range
↓ Lower is better - Time to open3 months
Midpoint of average time from agreement to opening
↓ Lower is better - Royalty rate6.0%
Percent of net sales paid to the franchisor
↓ Lower is better - Sales-to-investment ratio—
Median AUV / estimated initial investment midpoint
- Cash-on-cash returns78.0%
Median unit-level EBITDA / estimated initial investment midpoint. Steady-state estimate; year 1 returns will be lower as the unit ramps to median volumes.
Franchisee healthLocked
- Unit closure ratio
- Transfer vs. closure ratio
- Percent multi-unit franchisees
- Litigation rate
- EBITDA multiple on sales & transfers
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Sources
Financial and operating figures are sourced from the brand's Franchise Disclosure Documents. Brand percentile rankings are based on comparisons to other brands that include the same metrics in their Franchise Disclosure Documents.