Key Takeaways
- The initial investment for a Visiting Angels franchise ranges from $125,460 to $171,150 with a franchise fee between $51,950 to $89,950 based on the population.
- Franchise owners can expect to see 15 – 18% profit margins.
- The average Visiting Angels franchise owner makes close to $1.3 million in revenue each year.
- Senior Care Authority is a reputable and budget-friendly alternative, with a total investment ranging from $73,140 to $99,040. We prioritize thorough training and continuous support.
Visiting Angels Senior Care Franchise Overview
Visiting Angels is a senior care franchise that specializes in providing non-medical home care services to seniors and adults with disabilities. The franchise was founded in 1998 by Jeffrey Johnson and Larry Meigs, with the aim of offering families more choices for elder care and allowing seniors to remain in their homes, which is often their preferred living arrangement.
Since its inception, Visiting Angels has experienced significant growth – there are currently over 690 units across the world.
| Franchise Attribute | Details |
| Incorporated Name | Living Assistance Services |
| Corporate Address | 937 Haverford Rd., #200, Bryn Mawr, PA 19010 |
| Number of Units | Over 690 units |
| Term of Agreement | 10 years; renewable |
| Canada Franchises | Yes, available |
| International Franchises | Yes, available |
| Home-Based Franchise | No |
| Absentee Franchise | No, the owner must be involved in daily operations |
| Item 19 | Available, contact them for more information |
| Master Franchise Opportunity | Yes, the owner can recruit, train, and support franchisees in their territory |
| Senior Care Authority: Leading Senior Care Franchise
Join the award-winning, recession-resistant Senior Care Authority franchise, established in 2009 in Sonoma, California. Our franchise network has earned a place in the Franchise 500 Ranking, reflecting our powerful reputation and reliability. We pride ourselves on achieving outstanding franchisee satisfaction, with 97% of our franchisees recommending our brand. We’re an approved franchise of the Small Business Administration (SBA). As a part of our network, you will deliver essential eldercare consulting services and benefit from a proven business model and a supportive community. |
Visiting Angels Senior Care Franchise Initial Investment and Costs
Initial Investment Breakdown
The total initial investment for a Visiting Angels franchise ranges from $125,460 to $171,150. Potential franchise owners must also fulfill the following requirements:
- Net worth requirement: $110,000
- Cash requirement: $110,000
Franchise Fee
The franchise fee for Visiting Angels differs based on the population:
- $51,950 for 100K population
- $64,950 for 200K population
- $89,950 for 325K population
This fee grants you the right to operate under the Visiting Angels brand and access their established business model, training programs, and ongoing support.
Royalty & Ongoing Fees
Visiting Angels charges their royalty fee based on the volume of your business.
“Under our franchise model, the more you earn, the less you pay on every dollar. It’s just one of the small ways we encourage our franchisees to grow their businesses.” – Visiting Angels
Here are some key points of their royalty fees system:
- Royalty rates begin at 3.5%, which is 1.5% lower than the typical 5% ongoing royalty rate found in other home care franchises.
- As the franchise business grows, the royalty rate can decrease to as low as 3%, ensuring that you will pay less on each dollar earned.
Besides that, you must also consider the 2%-2.5% ad royalty fee you need to pay when running a Visiting Angels franchise. Both fees ensure that the business continues to operate smoothly and maintain high standards of care with good marketing campaigns to bring in customers.
Visiting Angels Senior Care Franchise Profit Margin
On average, profit margins for Visiting Angels range from 15% to 18%. These margins are influenced by the franchise’s ability to manage costs effectively and generate sufficient revenue through client services.
Factors Affecting Profit Margins
- Operational Efficiency: Efficiently managing resources, reducing waste, and optimizing processes will increase profitability. For instance, implementing effective scheduling systems for caregivers and minimizing downtime can lead to cost savings and higher margins.
- Market Demand: Areas with a higher concentration of seniors may have greater demand for services, leading to higher revenue potential.
- Location and Demographics: Urban areas with larger populations may offer more opportunities for client acquisition compared to rural areas. Additionally, understanding the demographics of the target market, such as income levels and healthcare needs, can help tailor services to meet client demands effectively.
Visiting Angels territories available for future franchisees.
Visiting Angels Senior Care Franchise Owner Salary
Franchisees can expect average annual revenues of approximately $1.3 million, which translates to potential net income or profits of around $195,000 to $234,000 per year based on the profit margins shared above.
Factors Influencing Salary
- Business Size and Revenue: Larger franchises with higher revenue streams can afford to pay higher salaries to their owners.
- Operational Involvement: Hands-on owners who actively manage the business may draw higher salaries compared to those who delegate responsibilities to managers.
- Experience and Management Skills: Owners with prior experience in senior care or business management can leverage their skills to optimize operations and increase profitability.
Why Choose Senior Care Authority Instead?
| Franchise Attribute | Visiting Angels | Senior Care Authority, LLC |
| Type of Franchise | Non-Medical Home Care | Eldercare Consulting and Senior Living Placement |
| Number of Units | Over 690 units | 104 |
| Term of Agreement | 10 years; renewable | 10 years; renewable |
| Canada Franchises | Available | Available |
| International Franchises | Available | Not available |
| Investment Cost | $125,460 to $171,150 | $73,140 to $99,040 |
| Net Worth Requirement |
|
|
| Franchise Fee |
|
$52,500 |
| Royalty Fee | 3.5% to 3% | 8% |
While Visiting Angels has a robust franchise opportunity, you should check out other options in the senior care industry. One such option is Senior Care Authority, an eldercare consulting and senior living placement franchise with unique benefits, perfect for the needs of aspiring entrepreneurs.
Senior Care Authority was established in 2009 by Founder and CEO Frank Samson. The first location was in Sonoma County, California. Leveraging over 20 years of experience in the franchise industry, Frank identified a need for a concierge approach in the senior care sector. This approach helps families in the challenging and stressful circumstances associated with senior care. We present an economical entry into the senior care industry, characterized by low overhead and the potential for a quick return on investment (ROI).
At Senior Care Authority, we have earned a place in the Franchise 500 Ranking, highlighting our success and esteemed reputation within the industry.
Unique Benefits and Features
- Exclusive Territories: Franchisees are given exclusive territories to focus on growing their business.
- Low Overhead Costs: Operating a Senior Care Authority franchise has low overhead, with an initial investment of $73,140 to $99,040, and can be run from a home or mobile unit.
- Proprietary Software: Franchisees use proprietary software and an intranet platform to streamline operations.
- Diverse Revenue Streams: Franchisees can offer various services, including eldercare consulting and programs like “Beyond Driving with Dignity” for senior safe driving.
- Comprehensive Training and Support: Franchisees receive over 60 hours of training and ongoing support to prepare them for eldercare consulting.
- Certified Senior Advisors: Franchisees must obtain CSA certification to enhance their expertise in providing care solutions.
- Advocacy and Consulting Services: Senior Care Authority provides advocacy, family coaching, and eldercare consulting to help families make informed decisions.
- High Franchisee Satisfaction: 97% of franchisees would invest in Senior Care Authority again, reflecting strong satisfaction and a supportive community.
97% of our franchisees enjoy being part of our brand family and would recommend our senior care franchise brand to another franchisee candidate.
Visiting Angels vs Senior Care Authority
Senior Care Authority and Visiting Angels are both senior care franchises, but they differ in their approach and services:
| Visiting Angels | Senior Care Authority |
| Provides in-home non-medical senior care services, allowing seniors to age in place. | Focuses on senior living placement services, helping families find the right assisted living, memory care, or other senior living options. |
| Has a wide range of services including companionship, personal care, meal preparation, light housekeeping, and more. | Provides free, personalized guidance to families to assess their loved one’s needs and match them with appropriate senior living communities. |
| Matches caregivers to clients based on compatibility and shared interests. | Franchise owners are senior care advisors who help families understand the senior care system. |
| Requires a higher initial investment, with the franchise fee ranging from $51,950 to $89,950. | Requires a lower initial investment compared to Visiting Angels. |
While Visiting Angels has a well-established brand and an extensive network, Senior Care Authority’s unique approach and lower overhead costs make it an attractive option for aspiring entrepreneurs. By choosing Senior Care Authority, franchisees can benefit from a supportive and collaborative environment, helping them handle the complexities of the senior care industry.
Explore Senior Care Franchise Opportunities Today
Frequently Asked Questions (FAQ)
What is the franchise fee for Visiting Angels?
The franchise fee for Visiting Angels differs based on the number of population:
- $51,950 for 100K population
- $64,950 for 200K population
- $89,950 for 325K population
How long does it take to see a return on investment?
The time it takes to see a return on investment (ROI) for a Visiting Angels franchise can vary based on several factors, including market demand, operational efficiency, and location. On average, franchisees may start seeing a return on investment within 12 to 24 months.
Is prior experience in senior care necessary to open a franchise?
No, prior experience in senior care is not necessary to open a Visiting Angels franchise. The company provides comprehensive training and support to ensure franchisees are well-prepared to run their businesses effectively.
What kind of support does Visiting Angels provide to franchisees?
Visiting Angels provides extensive support to franchisees, including:
- Initial training programs
- Ongoing support and mentoring
- Marketing and advertising assistance
- Access to proprietary systems and resources
- Regular franchisee conferences and meetings
