Nora Mental Health Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$40,000
Investment required
$82,000 - $206,000
Royalty fee
$1,000 per month for each active clinician

Nora Mental Health: Transforming Access to Mental Wellness

Nora Mental Health is revolutionizing the mental health industry by addressing the growing need for accessible and effective services across the United States.

Established in 2020, Nora quickly expanded through franchising, introducing a unique opportunity in a sector largely dominated by independent providers.

The franchise offers a wide range of mental health services, including individual, family, and group therapy, as well as medication management. Its flexible service delivery model spans in-office, off-site, and teletherapy options, reducing operational costs while meeting diverse client needs.

Headquartered in Salt Lake City, Utah, Nora Mental Health sets itself apart by welcoming franchise owners without prior experience in mental health. Its comprehensive training and support programs ensure high standards of care, making the franchise an accessible and innovative investment opportunity.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
Initial Franchise Fee $40,000 – $40,000
Initial Inventory and Supplies $1,500 – $4,000
Initial Marketing Fee $4,000 – $4,000
Real Estate Rent & Deposits $2,000 – $10,000
Utility Deposits $500 – $2,000
Exterior Signage $1,000 – $8,000
Traveling for Training Expenses $1,000 – $3,000
Grand Opening Marketing $0 – $10,000
Credentialing $0 – $5,000
Computers, Hardware, and Software $2,000 – $8,000
Leasehold Improvements $0 – $30,000
Fixtures and Furnishings $2,500 – $12,500
Professional Fees $300 – $2,000
Permits and Other Licenses $1,000 – $4,000
Insurance $1,000 – $3,000
Additional Funds – 3 Months $25,000 – $60,000
Total $81,800 – $205,500

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Number of units

2023
Franchised units

0

0

0

Company-owned units

3

3

4

Total units

3

3

4

Franchise Disclosure Document

Training

The Nora Mental Health franchise provides a comprehensive training program to ensure franchisees and their staff are well-prepared to operate the clinic. The franchisor offers an initial training program that must be completed within 90 days of the franchise agreement's effective date.

This program includes a tuition-free training session for up to two individuals, with additional participants incurring a fee. Training materials primarily consist of the Franchise Operations Manual, and training sessions are overseen by experienced trainers and administrative staff.

Moreover, ongoing training is periodically required, including refresher courses and additional sessions for new designated managers before they assume their roles.

Franchisees can also request on-site training, for which they must cover associated travel and accommodation expenses. Additional training for employees, if needed, can be provided at a daily fee.

The franchise may also host mandatory annual conferences to update franchisees on system developments and best practices. Franchisees are responsible for all related travel and lodging costs during any training or conferences.

Territory Protection

The Nora Mental Health franchise provides territory protection to its franchisees to ensure exclusivity and support business growth. Under the franchise agreement, each franchisee is awarded an exclusive territory, within which the franchisor agrees not to establish or license another Nora Mental Health clinic.

This territory is defined in the agreement and typically includes a population base to support the clinic's operations.

Franchisees must operate their clinics within the approved address specified in their agreement. The boundaries of the exclusive territory are carefully delineated to protect the franchisee's market and business interests.

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