Payroll Vault vs RetroTax Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Payroll Vault vs RetroTax including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
  Payroll Vault RetroTax
Investment 49135 - 65769 33450 - 46000
Franchise Fee
Royalty Fee 6%
Advertising Fee
Year Founded 2008 0
Year Franchised 2012 0
Term Of Agreement
Term Of Agreement
Renewal Fee


Business Experience Requirements
  Payroll Vault RetroTax
Experience Accounting/Business background is helpful but not necessary. * Single-unit franchisees must live in proximity to the market area that they will service * Possess a minimum net worth of $150K, with $45K in liquidity * Strong interpersonal skills and/or sales experience at the C-level a strong plus

Financing Options
  Payroll Vault RetroTax
 
Franchise Fees No
Start-up Costs No
Equipment No
Inventory No
Receivables No
Payroll No

Training & Support
  Payroll Vault RetroTax
Training 3-4 day Owners training program at our headquarters in Greenwood Village, Colorado. 5-day Sales & Marketing Training program at our headquarters in Greenwood Village, Colorado. Payroll Processing Training program is an ongoing training for 6 months to one year. *You will learn the operational and administrative elements of the business. *The experience takes place in a combination of classroom and field environments. *We also offer a variety of ongoing web training sessions throughout the year. Initial Training consists of a combined 40 hours of classroom and in-field training. You'll learn the features and benefits of various tax credit programs, become familiar with our internal operations, and train with experienced field personnel.
Support You're in business for yourself, but not by yourself. We are here for you every step of the way. You will be able to contact our support staff via email and phone to ask questions or to discuss business issues. Building a great business in the payroll industry couldn't be easier. Ongoing Support is provided to all franchisees. Our primary goal is to help you build your client base and become better every day, as a successful RetroTax franchisee.
Marketing
Operations This franchise opportunity is “doors open-- M-F type of business. There are 2 primary job functions in this business, they are Business Development and Payroll Processing.

Expansion Plans
  Payroll Vault RetroTax
US Expansion Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
Canada Expansion
International Expansion

Start-Up Costs and Fees Mobile
Investment
Payroll Vault
RetroTax
Franchise Fee
Payroll Vault
RetroTax
Royalty Fee
Payroll Vault 6%
RetroTax
Advertising Fee
Payroll Vault
RetroTax
Year Founded
Payroll Vault 2008
RetroTax 0
Year Franchised
Payroll Vault 2012
RetroTax 0
Term Of Agreement
Payroll Vault 5 years
RetroTax
Renewal Fee
Payroll Vault
RetroTax


Business Experience Requirements
Experience
Payroll Vault Accounting/Business background is helpful but not necessary.
RetroTax * Single-unit franchisees must live in proximity to the market area that they will service * Possess a minimum net worth of $150K, with $45K in liquidity * Strong interpersonal skills and/or sales experience at the C-level a strong plus

Financing Options
 
Franchise Fees
Payroll Vault
RetroTax
Start-up Costs
Payroll Vault
RetroTax
Equipment
Payroll Vault}
RetroTax
Inventory
Payroll Vault
RetroTax
Receivables
Payroll Vault
RetroTax
Payroll
Payroll Vault
RetroTax

Training & Support
Training
Payroll Vault 3-4 day Owners training program at our headquarters in Greenwood Village, Colorado. 5-day Sales & Marketing Training program at our headquarters in Greenwood Village, Colorado. Payroll Processing Training program is an ongoing training for 6 months to one year. *You will learn the operational and administrative elements of the business. *The experience takes place in a combination of classroom and field environments. *We also offer a variety of ongoing web training sessions throughout the year.
RetroTax Initial Training consists of a combined 40 hours of classroom and in-field training. You'll learn the features and benefits of various tax credit programs, become familiar with our internal operations, and train with experienced field personnel.
Support
Payroll Vault You're in business for yourself, but not by yourself. We are here for you every step of the way. You will be able to contact our support staff via email and phone to ask questions or to discuss business issues. Building a great business in the payroll industry couldn't be easier.
RetroTax Ongoing Support is provided to all franchisees. Our primary goal is to help you build your client base and become better every day, as a successful RetroTax franchisee.
Marketing
Payroll Vault
RetroTax
Operations
Payroll Vault This franchise opportunity is “doors open-- M-F type of business. There are 2 primary job functions in this business, they are Business Development and Payroll Processing.
RetroTax

Expansion Plans
US Expansion
Payroll Vault Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming
RetroTax
Canada Expansion
Payroll Vault
RetroTax
International Expansion
Payroll Vault
RetroTax