2026 FDD Item 19, p. 49 Checked Nov 2, 2026
Payroll Vault Franchise Revenue and Profit (2026 FDD)
In Item 19 of its 2026 Franchise Disclosure Document, Payroll Vault reports average Total Income, all franchised Businesses reporting in 2025 (Table 1) of $294,071 (2025 calendar year, 50 franchised Businesses that reported every month of 2025; 12 that did not operate all year were excluded). The figures below are selected disclosures, not a substitute for reading the full Item 19.
Startup cost: a Payroll Vault franchise costs an estimated $77,000 – $114,010 to open (Item 7). See the full Payroll Vault franchise cost breakdown.
Does Payroll Vault’s Item 19 show profit or owner pay?
Partly. Besides sales, Payroll Vault’s Item 19 reports “Average Gross Profit (Total Income less cost of goods sold), Table 1” and “Average EBITDA, Table 1”. Each figure follows the franchisor’s own definition in Item 19, which decides which costs are deducted and whether an owner’s salary is one of them. None of them is necessarily an owner’s take-home pay.
What Payroll Vault discloses (Item 19)
Source: Payroll Vault 2026 FDD, Item 19, PDF p. 49.
| Figure | Value | Period | Based on |
|---|---|---|---|
| Average Total Income, all franchised Businesses reporting in 2025 (Table 1) | $294,071 | 2025 calendar year | 50 franchised Businesses that reported every month of 2025; 12 that did not operate all year were excluded (Item 19, PDF p. 50) |
| Median Total Income, all franchised Businesses reporting in 2025 (Table 1) | $275,275 | 2025 calendar year | 50 franchised Businesses (Item 19, PDF p. 50) |
| Average Gross Profit (Total Income less cost of goods sold), Table 1 | $162,364 | 2025 calendar year | 50 franchised Businesses; cost of goods sold includes direct labor (Item 19, PDF p. 50) |
| Average EBITDA, Table 1 | $84,427 | 2025 calendar year | 50 franchised Businesses; franchisor-defined, after franchisee fees, marketing and fixed operating expenses; several businesses reported negative EBITDA (Item 19, PDF p. 50) |
Item 19 sample and definitions
Item 19 (PDF pages 49-52) reports 2025 income, costs, client counts and KPIs from monthly reports and a questionnaire, for all 50 businesses (Table 1) and separately for full-time and part-time owner-operators. Total income ranged from $9,956 to $1,457,708; EBITDA ranged from a loss of $57,136 to $526,191. No business in the tables operates more than one territory.
How to interpret Payroll Vault’s Item 19 figures and sample limits · What Item 19 does and does not show about owner pay.
Item 6 sets the royalty at the greater of 6% of Gross Revenue or a $400 monthly minimum from the third month, and charges software fees per employee and per client. A single annual sales figure cannot show which months reach the minimum or the client and employee counts, so this record does not produce an annual fee estimate or payback preset. Reported sales are not owner income.
Scope of these figures: The selected Payroll Vault disclosures above retain their recorded periods and samples. The lead figure covers 50 franchised Businesses that reported every month of 2025; 12 that did not operate all year were excluded. They do not establish take-home owner income or the results of a new outlet. Read the linked Item 19 for the franchisor's definitions and exclusions.
Full Payroll Vault franchise cost breakdown · Payback calculator (enter your own assumptions)
Sources
Payroll Vault Franchise Disclosure Document, issued April 29, 2026, as amended October 9, 2026, as filed with the Minnesota Commerce (CARDS). Read the source FDD PDF. How to get this FDD yourself.
- Item 5: cited PDF p. 13
- Item 6: cited PDF p. 13
- Item 7: cited PDF p. 22
- Item 19: cited PDF p. 49
- Item 20: cited PDF p. 55
- Agreement term (Item 17): cited PDF p. 46
Page references for Payroll Vault use the PDF viewer's digital page count, not printed page headers. Some viewers download the document instead of opening the referenced page.
If the state document viewer does not open, use Minnesota Commerce's public filing instructions to look up the filing by franchisor name and document date.
Document & verification changelog
- November 2, 2026: Source check completed against the recorded FDD.
- November 2, 2026: Initial cost profile published from the 2026 Franchise Disclosure Document (issued April 29, 2026).
- November 2, 2026: Independently checked against the April 29, 2026 Minnesota Clean FDD, as amended October 9, 2026: cover, Items 5, 6, 7, 11, 17, 19 and 20. Recorded the amendment date. Item 6 now lists all 38 rows (the draft had 9) and suppresses the annual fee model because of the minimum royalty and per-client charges. The franchise fee now shows the $68,500 standard-territory fee. Added the opening deadline and Item 19 and Item 20 notes. Rewrote the analysis.
- October 9, 2026: Amendment date recorded for the source FDD.