Journey Payroll & HR
Journey Payroll & HR franchises offer payroll processing, human resources, timekeeping, payroll tax payments, employee benefits administration, background checks, team management, and team culture services to small and mid-sized businesses. Franchisees operate from a single location, often home-based, using proprietary methods and the 'Journey Payroll & HR' brand to serve clients lacking dedicated payroll and HR staff. The business model targets small to mid-sized businesses needing outsourced administrative support for payroll and employee-related functions.
Disclaimer: This information was extracted using AI from public Franchise Disclosure Documents and should be independently verified. This is not financial or legal advice. Always review official FDD filings before making investment decisions.
Overview
Financial Requirements
5% royalty + 2.25% national ad fund + $295/mo social marketing fee + $255 per employee/mo Journey User Software Fee + $10/mo local call forwarding
Franchise Stats
Financial Performance
Item 19 Financial Performance
This franchise did not provide Item 19 financial performance data.
Be careful if you are interested in investing. The lack of financial performance representations may indicate limited data or varying results across franchises.
Extracted Item 19 Section
How Journey Payroll & HR Compares to Other Business Services Franchises
| Franchise | Investment Range | Franchise Fee | Royalty | Locations |
|---|---|---|---|---|
Journey Payroll & HR Current | $79K - $122K | $70K | 5.0% | 5 |
| Bimbo Foods Bakeries Distribution, LLC | $14K - $607K | N/A | N/A | 6,454 |
| THE UPS STORE (TRADITIONAL) | $216K - $609K | $30K | 5.0% | 4,500 |
| JACKSON HEWITT TAX SERVICE | $71K - $105K | $25K | 15.0% | 2,744 |
| CRUISE PLANNERS | $2K - $21K | $11K | 3.0% | 2,655 |
| SERVPRO (UNIT) | $259K - $380K | $100K | 10.0% | 2,286 |
Business Services Average 187 franchises | $118K - $285K | $46K | 10.4% | - |
* Comparison based on latest FDD filings. Investment ranges from Item 7, fees from Item 5. Showing top 5 of 187 Business Services franchises by location count.
Locations & Growth
Outlet Growth Over Time
Total outlets at end of each year
Geographic Distribution (2023)
Outlets by state across the United States
SBA Loan History
Historical SBA 7(a) loan data for Journey Payroll & HR franchisees (2019 - 2021)
Loans by Year
* Data sourced from SBA 7(a) FOIA loan records. Default rate calculated from charged-off loans.
Franchisee Contacts
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Due Diligence
Litigation (Item 3)
No litigation involving franchisees reported in the FDD.
Bankruptcy (Item 4)
No bankruptcy history reported in the FDD.
System Health (Item 20)
Franchise system changes reported in the most recent fiscal year
Frequently Asked Questions
How much does it cost to open a Journey Payroll & HR franchise?
The total initial investment to open a Journey Payroll & HR franchise ranges from $78,575 to $122,270. This includes a franchise fee of $70,000. Ongoing royalty fees are 5.0% of gross sales.
How many Journey Payroll & HR franchise locations are there?
As of the 2024 FDD, Journey Payroll & HR has 5 franchise locations. The company has been franchising since 2017.
Can you get an SBA loan for a Journey Payroll & HR franchise?
Yes, SBA loans are available for Journey Payroll & HR franchises. Historical data shows 5 SBA 7(a) loans have been approved for Journey Payroll & HR franchisees, with an average loan amount of $452,580. The historical default rate is 0.0%.
Is Journey Payroll & HR a good franchise to buy?
Journey Payroll & HR shows several positive indicators: low SBA loan default rate. However, franchise success depends on many factors including location, local market conditions, and owner involvement. We recommend speaking with existing franchisees and consulting with a franchise attorney before making a decision.
Interested in Journey Payroll & HR?
Talk to a franchise advisor to get personalized guidance and learn if Journey Payroll & HR is the right fit for you.
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