- 2024 Franchise 500 Rank
-
#479 Not ranked last year
- Initial investment
-
$125K - $171K
- Units as of 2023
-
692 21.8% over 3 years
As one of the top nonmedical home care companies in the United States, Visiting Angels has over 550 franchises nationwide. Since its founding in 1992, Visiting Angels has hired some of the best senior helpers, not only taking care of new clients but keeping these clients, as well. The company's personalized service system usually emphasizes building meaningful relationships between caregiver and client.
When you're a Visiting Angel, you may provide compassionate, private care so that the elderly can age in place, in the home they know. If a client has been struggling taking care of a disabled or elderly friend or family member, you may be the one to put their mind at ease.
Many franchisees see great rewards when they become Visiting Angels franchisees. You don't necessarily need to be a social worker or health care official to own and operate a Visiting Angels franchise, either. You typically only need a strong drive to help others and an entrepreneurial spirit.
Why You May Want to Start a Visiting Angels Franchise
Running a Visiting Angels franchise usually means operating a rewarding business that places compassion above all. Yes, there may be financial benefits to running a home care business, but the company is about so much more than just money. Visiting Angels tries to operate on a "caring quotient," placing the reward of enhancing people's lives above money.
When you open a Visiting Angels franchise, you may receive ongoing support and training from the executive team and marketing expertise on the regional level. You could also have access to the Angels Resource Center, where you can download important documents related to running your Visiting Angels franchise. With protected territories, many of your referrals may stay with your franchise.
What Might Make Visiting Angels Franchise a Good Choice?
Visiting Angels has been ranked in Entrepreneur’s Franchise 500 many times in the past several decades. This ranking is based on an evaluation of more than 150 data points in the areas of costs and fees, size and growth, franchisee support, brand strength, and financial strength and stability.
If you're in the business of home care, Visiting Angels might be the franchise for you. The home care industry is typically a very important one to the community, which is good news for you and your caregivers. Thousands of people turn 65 every day, constantly increasing your pool of potential clients. The demand for caring senior services is influenced by millions of senior citizens in the U.S.
To be part of the Visiting Angels team, you should make sure you’re financially ready for an initial investment made up of a franchise fee and other startup costs. You should also prepare yourself for ongoing fees, including advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
How to Start a Visiting Angels Franchise
To start your Visiting Angels franchise, begin by evaluating your potential location. Do you have a large senior population nearby? What other companies will you be competing against? While competition can be healthy, you'll want to be aware of how fragmented the market can be.
During the process, a franchise representative might be in touch with you. They'll usually set up an information seminar in your area. Make sure you ask questions and come prepared to learn information that can help you succeed.
Depending on the area's licensing requirements, some franchisees are able to open up a franchise location in under a year. This could be your chance to bring a little bit of heaven into someone's home by opening your very own Visiting Angels franchise.
Company Overview
About Visiting Angels
| Industry | Personal-Care Businesses |
|---|---|
| Related Categories | Senior Care, Miscellaneous Personal-Care Businesses |
| Founded | 1992 |
| Parent Company | Living Assistance Services |
| Leadership | Lawrence Meigs, CEO |
| Corporate Address |
937 Haverford Rd., #200 Bryn Mawr, PA 19010 |
| Social | Facebook, Twitter, LinkedIn, YouTube |
Business Overview
| Franchising Since | 1998 (26 years) |
|---|---|
| # of employees at HQ | 50 |
| Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
| # of Units | 692 (as of 2023) |
|
|
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Information for Franchisees
Here's what you need to know if you're interested in opening a Visiting Angels 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
|
$51,950 - $89,950 |
|---|---|
|
Initial Investment
|
$125,460 - $171,150 |
|
Net Worth Requirement
|
$110,000 |
|
Cash Requirement
|
$110,000 |
|
Veteran Incentives
|
10% off franchise fee |
|
Royalty Fee
|
3.5%-3% |
|
Ad Royalty Fee
|
2.5%-2% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | Visiting Angels has relationships with third-party sources which offer financing to cover the following: franchise fee |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| Classroom Training | 45 hours |
|---|---|
| Ongoing Support |
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 1 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where Visiting Angels landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
Curious to know where Visiting Angels ranked on other franchise lists? Find out below.
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