Payroll Vault, a boutique-style, full-service payroll company designed for small businesses, ranked number 16 in The Denver Business Journal’s list of the Largest Colorado-Based Franchisors for 2020.
The ranking comes concurrently with Payroll Vault CEO and Founder Sean Manning sharing with the publication that since March, the company has seen between three and four times more inquiries about purchasing a franchise.
“Our brand is recession-resilient,” Manning told The Denver Business Journal in August. “We launched Payroll Vault in 2008 during the last recession. We’re confident the business model is sustainable.”
Manning was quoted as part of the report, which examines franchisor growth statewide. Franchisors forecast even bigger growth in 2021. The feature delves into the fact that because of present economic uncertainty, many people are looking into business ownership, to take charge of their own destiny.
Payroll Vault’s business model enables small businesses to have much of their payroll and HR services managed online — an attractive proposition during times of social distancing.