Payroll Vault Named a Most Innovative Franchise on
Franchise Business Review’s 2019 List
Independent Research Data Shows Franchisees are Highly Satisfied with Payroll Vault’s Innovation and Creativity
Greenwood Village, CO 80111, October 8, 2019 – Payroll Vault was identified by independent franchisee satisfaction research firm, Franchise Business Review, as one of 2019’s Most Innovative Franchises.
A unique niche for a franchise opportunity, Payroll Vault Franchising is helping entrepreneurs build a legacy business and professional lifestyle in a rapidly growing industry. Recently celebrating the benchmark 50th Franchise location opening last month, the brand continues to amplify with strength and momentum.
Franchise Business Review, a market research firm that performs independent surveys of franchisee satisfaction, provides the only ranking of franchises based solely on actual franchisee satisfaction and performance. Franchise Business Review publishes rankings of the top franchises in its annual Guide to Today’s Top Franchises, as well as guides throughout the year ranking the top franchises in specific sectors.
To select the companies on the list, Franchise Business Review analyzed 18 months’ worth of data from more than 25,000 franchisees representing more than 250 brands. Franchise owners were asked about their brands’ innovation and creativity as well as their overall satisfaction with their brands and their likelihood to recommend them to others.
Of note, the research showed that 86% of franchisees surveyed say they enjoy being part of their franchise system and 88% say they enjoy operating their business.
Payroll Vault’s franchisees were surveyed on 33 benchmark questions about their experience and satisfaction regarding critical areas of their franchise systems, including leadership, training & support, operations, franchisor/franchisee relations, and financial opportunity.
“There are clearly brands that prioritize and value innovation, and are constantly looking for ways to improve. For prospective franchisees, understanding which brands are the most innovative can help you make a confident and smart investment,” said Eric Stites, CEO of Franchise Business Review. “Each of the 100 companies on this list have developed and executed products, processes, or services that enable and sustain growth and long-term relevancy.”
"This is a proud and momentous achievement for all of the Payroll Vault Family! Our Brand is growing strong and we are excited for our Franchisees and the success that they are achieving," said CEO/Founder Sean Manning. Last month we hit the '50 Mark,' the 49th and 50th Franchise locations opened in two new states for the Brand's portfolio, ushering in Pennsylvania and Maryland.”
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Visit FranchiseBusinessReview.com to see the full list of the 2019 Most Innovative Franchises.
About Payroll Vault Franchising
Payroll and Workforce Management services are growing requirements for small businesses. Payroll Vault Franchising offers the opportunity to own a boutique-style full-service payroll company supported by a team of experts and a nationally recognized brand. From the franchise launch in 2012, Payroll Vault Franchising has rapidly grown as a result of exemplary client service and is an industry leader receiving numerous accolades and awards nationally. For more information, visit PayrollVaultFranchise.com.
About Franchise Business Review
Franchise Business Review (FBR) is the only independent market research firm that specializes in benchmarking franchisee satisfaction based exclusively on ratings and reviews from franchise owners. FBR publishes free and unbiased franchisee satisfaction research reports throughout the year online at http://www.FranchiseBusinessReview.com.