- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$69K - $328K
- Units as of 2014
-
91
Company Overview
About Mr. Payroll Corp.
| Industry | Financial Services |
|---|---|
| Related Categories | Miscellaneous Financial Services |
| Founded | 1988 |
| Leadership | Dan Feehan, CEO |
| Corporate Address |
1600 W. 7th St. Fort Worth, TX 76102 |
Business Overview
| Franchising Since | 1990 (34 years) |
|---|---|
| # of employees at HQ | 400 |
| Where seeking |
This company is offering new franchises throughout the US. |
| # of Units | 91 (as of 2014) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a Mr. Payroll Corp. franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$10,000 |
|---|---|
|
Initial Investment
|
$68,800 - $328,000 |
|
Net Worth Requirement
|
$200,000 |
|
Cash Requirement
|
$75,000 |
|
Royalty Fee
|
10% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| Classroom Training | 3 days |
|---|---|
| Ongoing Support |
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 1-2 |
|
Are exclusive territories available?
|
Yes |
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