Visiting Angels Franchise FDD, Profits, Costs & Fees (2024)
Visiting Angels is a prominent franchise specializing in senior home care services.
Founded in 1998, Visiting Angels has grown into a reputable network of independently owned and operated franchised agencies committed to providing high-quality in-home care for seniors.
The company is headquartered in Bryn Mawr, Pennsylvania, and has expanded its operations across the United States and internationally, reflecting its successful business model and commitment to elder care.
The franchise began offering opportunities to entrepreneurs shortly after its inception, creating a broad network that supports the needs of seniors who wish to remain in the comfort of their own homes.
Visiting Angels provides a range of services including companionship, personal care, respite care, dementia care, and Alzheimer’s care, tailored to meet the unique needs of each client.
Their caregivers assist with daily activities, meal preparation, light housekeeping, and medication reminders, ensuring seniors can live independently and safely.
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Initial Investment
How much does it cost to start a Visiting Angels franchise? It costs on average between $125,000 – $171,000 to start a Visiting Angels franchised center.
This includes costs for construction, equipment, inventory, and initial operating expenses. The exact amount depends on various factors, including the location, and whether the franchisee chooses to lease or purchase the property.
| Type Of Expenditure | Amount |
|---|---|
| Initial Franchise Fee | $51,950 – $100,000 (up to 100K pop); $64,950 (up to 200K pop); $89,950 (325K pop); $15,950 (transfer of franchise for 325K pop); $22,950 (transfer of franchise for 500K pop) |
| Printing/Supplies | $1,500 |
| Deposits, Insurances, Licenses, Lease | $5,000 |
| Workers’ Comp. Insurance | $9,500 |
| Minimum Royalty | $1,485 – $1,875 (first three months) |
| Travel, Lodging Expenses During Training | $1,500 to $2,000 (per person) |
| Computer & Software | $0 to $3,000 & $1,450 to $3,000 |
| Advertising Fee/Plus Local Ads (first 3 months) | $1,275 to $1,725 / $1,800 to $3,600 |
| Additional Funds (3 months) | $50,000 |
| Total | $125,460 to $171,150 |
Average Revenue (AUV)
How much revenue can you make with a Visiting Angels franchise? A Visiting Angels franchised business makes on average $1,690,000 in revenue (AUV) per year.
Here is the extract from the Franchise Disclosure Document:
This compares to $754,000 yearly revenue for similar in-home care franchises. Below are 10 Visiting Angels competitors as a comparison:
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Visiting Angels Franchise Disclosure Document
Frequently Asked Questions
How many Visiting Angels locations are there?
As of 2024, Visiting Angels operates approximately 717 franchise locations across the United States, with no company-owned units. This setup supports its primary model as a franchise-driven business, focusing on providing non-medical, in-home care services for seniors.
What is the total investment required to open a Visiting Angels franchise?
The total investment required to open a Visiting Angels franchise ranges from $125,000 to $171,000.
What are the ongoing fees for a Visiting Angels franchise?
Visiting Angels franchisees pay an ongoing royalty fee of 3% to 3.5% of gross sales for brand usage and support. Additionally, they contribute a 2% to 2.5% marketing fee to fund national and regional advertising campaigns that boost brand visibility and attract clients across the network.
What are the financial requirements to become a Visiting Angels franchisee?
To become a Visiting Angels franchisee, candidates must meet specific financial requirements, including a minimum net worth of $110,000 and liquid capital of at least $110,000.
These financial thresholds are in place to ensure that prospective franchisees have the necessary resources to cover startup costs, initial operating expenses, and ongoing fees, helping to set up the business for success in the competitive senior care market.
How much can a Visiting Angels franchise owner expect to earn?
The average gross sales for a Visiting Angels franchise are approximately $1.69 million per location. Assuming a 15% operating profit margin, $1.69 million yearly revenue can result in $253,500 EBITDA annually.
Who owns Visiting Angels?
Visiting Angels is owned by Living Assistance Services, Inc., with its leadership led by Larry Meigs, who co-founded the company in 1998. Since then, Meigs has served as President and CEO, guiding Visiting Angels’ growth into one of the largest in-home senior care franchises in the United States.
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