Payroll Vault, the payroll and workforce management franchise, earned its latest franchising honor with another inclusion on the 42nd annual Entrepreneur Franchise 500® list.
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Due to continued growth and brand strength, the Colorado-based franchise was ranked No. 460 in the 2021 Franchise 500, marking its second consecutive appearance on the list despite a record-breaking number of applicants.
“We’re thrilled to have earned another placement on such a competitive list,” says Payroll Vault Founder and CEO Sean Manning. “Our mission to help businesses navigate the payroll process and workplace management trends proved invaluable for both our clients and our franchisees. Entrepreneur magazine is a trusted resource in franchising, and our inclusion in these rankings further validates our belief in that mission and our model.”
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The Entrepreneur Franchise 500 rankings are compiled after analysis of more than 150 data points, on which each franchise is given a cumulative score. The key factors of evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. The 500 franchises with the highest cumulative scores earn their ranking on the list.
This year’s Franchise 500 honor adds to Payroll Vault’s growing list of recognitions as a franchise opportunity. Earlier this month, Payroll Vault began 2021 on a high note, named Best-in-Category in the financial sector by Franchise Business Review.
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