Spectrum Home Services vs Visiting Angels Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Spectrum Home Services vs Visiting Angels including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

Spectrum Home Services Franchise
Visiting Angels Franchise
Investment $58,000 - $99,950$123,460 - $161,150
Franchise Fee $25,000$49,950 - $79,950
Royalty Fee 5%3.5-3%
Advertising Fee -2.5 -2%
Year Founded 20001992
Year Franchised 20041998
Term Of Agreement 5 years10 years
Term Of Agreement 5 years10 years
Renewal Fee -$2.5K

Business Experience Requirements

Spectrum Home Services Franchise
Visiting Angels Franchise
  • General business experience
  • Marketing skills
  • -

    Financing Options

    Spectrum Home Services Franchise
    Visiting Angels Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/No
    Start-up Costs No/NoNo/No
    Equipment No/NoNo/No
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support

    Spectrum Home Services Franchise
    Visiting Angels Franchise
    Training -Classroom Training: 46 hours Additional Training: 5+ regional refresher meetings per year; monthly webinars; annual conference
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperativesNewsletter Meetings/Conventions Toll-Free Line Online Support Field Operations Site Selection Franchisee Intranet Platform
    Marketing Ad slicks, Regional advertisingCCo-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development
    Operations Franchise can be run from home.

    Absentee ownership of franchise is NOT allowed.

    Franchise can be run from home.

    0% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 1

    Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)

    Expansion Plans

    Spectrum Home Services Franchise
    Visiting Angels Franchise
    US Expansion -Yes
    Canada Expansion NoNo
    International Expansion YesYes

    Company Overviews

    About Spectrum Home Services

    Spectrum Home Services was started in 2000 accordingly of Jenny Nelson's Masters Project. Jenny Nelson, an enrolled Physical Therapist, chose to backtrack and get her Masters in Gerontology. As a feature of the Masters in Gerontology program, Jenny needed to build up a marketable strategy concentrating on the necessities of seniors.

    As a Physical Therapist, she would always observe individuals she had watched over in the nursing home return since they had re-harmed themselves attempting to keep up their homes. The longing was to create strategy for success to address this need.

    Jenny built up the Spectrum Home Services strategy for success keeping in mind the end goal to address these home support issues. At the time, the standard logic inside the medicinal services industry was that senior care organizations just tended to those issues managing the customers mind. That theory neglected to consider that the need to keep up the house was additionally an essential part of permitting the customer to live freely.

    Obviously, Jenny's educator was suspicious and gave her a C. Jenny is not one to acknowledge a C. Angry with the review, she quickly had her Husband Tony Nelson, an authorized Realtor and Property Manger, read the arrangement. Tony read the strategy for success and understood the requirement for seniors additionally perceived that bustling property holders, children of post war America, and land experts required a similar comprehensive administrations. Tony urged Jenny to talk about the review with her teacher.

    The following day Tony quickly quit his property administration work and centered his endeavors full time around building the Spectrum Home Service demonstrate into an effective business. Jenny contended her review with the suspicious educator and had the review change to a B.

    Today, the once suspicious educator is quite a while customer of Spectrum Home Services, was the keynote speaker at the primary Spectrum Home Services Franchisee Conference and is a major supporter of Spectrum Home Services mission and endeavors. Since the beginning of the organization, Spectrum Home Services clientèle has developed to incorporate occupied property holders, youthful moms, land organizations, seniors, non-medicinal senior care organizations, home wellbeing offices, strong restorative hardware suppliers and some more. Our essential objective is to make a sheltered, very much kept up environment for each of our customers, regardless of what phase of life they're in.

    At Spectrum Home Services we understand that our customers have different home administration needs running from dynamic seniors, occupied mortgage holders, and experts. When you call a Spectrum Home Services office, you can be guaranteed that your needs turn into our needs and that we will do all that we can to address your issues.

    About Visiting Angels

    Our senior care establishment openings are intended to give the bolster you have to assemble a flourishing business. With around 8,000 Americans turning 65 every day, the requirement for private obligation home care is developing drastically. By 2030, it is anticipated there will be 72 million seniors in the United States. Families are extended thin. Adjusting the necessities of elderly guardians or relatives with profession obligations and bringing up kids has never been more troublesome. Our private obligation mind administrations give the bolster numerous families require.

    When you pick a senior care establishment from Visiting Angels, you are cooperating with an organization focused on the development and achievement of your business. We are focused on giving our franchisees a far reaching marking and promoting effort that will drive business to their areas. Our national marking and lead era crusade incorporates promoting in print, on the web, on the radio, and on national TV outlets including Fox News, CNN, Travel Channel, HGTV and that's only the tip of the iceberg. We circulate a huge number of home care drives every month to our senior care establishment areas by means of our national call focus. Our call focus is open 24 hours a day, seven days a week to log and circulate calls to each of our senior care establishment areas around the globe.

    Our senior care establishment proprietors appreciate working with a strong home office that is constantly accessible to give direction and counsel. Only a few ways we bolster our senior care establishment proprietors include:

    International Franchising
    Yearly gatherings
    One-on-one preparing
    Provincial gathering preparing
    Month to month online courses
    Questions and answers library with data assembled from almost 20 years of senior care establishment encounter
    Restrictive "Associated Community" site with exclusive operational, promoting and publicizing pieces
    Advanced and redid sites
    Interior online networking stage permitting you to associate with other Visiting Angels franchisees

    We locate our best franchisees are resolved to merciful care and have an energy for the administrations they give. Our business is an individual one. We work inside the homes of our customers giving customized, one-on-one care administrations. Our Angel allies make it workable for families to keep their friends and family at home. We are the "distinction producers" in our groups. Is it accurate to say that you are set up to have any kind of effect?

    The total investment necessary to begin operation of a Visiting Angels franchise is $123,460 to $161,150. This includes $49,950 to $79,950 that must be paid to the franchisor or affiliate.
    The Initial Franchise Fee for a Visiting Angels franchise is $49,950 for a protected territory of up to 100,000 population, $59,950 for a protected territory of up to 200,000 population, $79,950 for a protected territory of up to 325,000 population (additional protected territory can be purchased for a fee which will be calculated based on the price of the current Franchise Offering at the time of purchase). This sum does not include rent for a business location but does include working capital for the first year.
    Veteran Incentives  10% off franchise fee

    "Ranked   """Top 
     #5 in Gator's Top franchises.
    #191 in Franchise 500 for 2020.