Nora Mental Health - Franchise
As one of the nation’s fastest growing mental health clinics, Nora Mental Health is excited to expand and positively impact our communities and change the lives of our franchisees. We are revolutionizing the mental health industry by offering a turnkey franchise model that provides comprehensive support to franchisees. Nora Mental Health has established a reputation as a leader in the mental health industry. Own your Own Business, Be Your Own Boss, and Have FUN Doing It!
Requirements
Financial requirements for this franchise:
Liquid Capital: | $40,000 What does Liquid Capital mean? |
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Net Worth: | $100,000 What does Net Worth mean? |
Franchise Fee: | $40,000 What does Franchise Fee mean? |
Total Investment: | $85,000 - $205,000 What does Total Investment mean? |
Options
Options available to franchisees:
Financing: | Via 3rd party |
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Training: | Available |
Veteran Discount: | Yes |
Misc. Options: | Multi-Unit Franchise Opportunity Encouraged |
SBA Approved: | Available |
Franchisor Details
Facts about this franchise:
Home Office: | Dover, DE |
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Year Founded: | 2018 |
Franchising Since: | 2023 |
What Does a Nora Mental Health Franchise Cost?
To buy a franchise with Nora Mental Health, you'll need to have at least liquid capital of $40,000 and a minimum net worth of $100,000. Franchisees can expect to make a total investment of $85,000 - $205,000. Nora Mental Health charges a franchise fee of $40,000. They also offer financing via 3rd party as well as a discount for veterans. *
Helping People - Make It Your Business!
Nora Mental Health is excited to expand and positively impact our communities and change the lives of our franchisees.
We Provide Support from Pre-Opening through Opening and Beyond!
The mental health market is booming. There is a HUGE unmet need in our country and Nora Mental Health fills this need. When you open a Nora Mental Health clinic near you, we all thrive. And the best part is no Mental Health or Healthcare experience is needed. It is our mission to help our franchisees succeed. We take away all headaches of clinic ownership. We are with you every step of the way to ensure that you will build a successful business that will create a better life for you and your family while also making a difference in our communities.
Pre-Opening Support
- Real Estate - Finding the perfect site is not always easy. You are not alone! Our dedicated team will help you navigate this process and help you find the best site for your own Nora clinic.
- Office Setup - Our guidelines for the layout and interior design of your office will take away all stress with regards to building your clinic. We’ve done this before and our expertise makes the process easy and fun!
- Funding - Our corporate team will help you navigate the process of obtaining an SBA loan should you require such assistance.
- Marketing - Our Co-Founder, Dr. Cullen Hardy, wrote the book on Mental Health Marketing, LITERALLY! Our experience and expertise will have you set up with a personalized marketing plan that produces results.
- Staffing - Every successful Nora needs a top-notch staff of well-trained and experienced clinicians. We’ll support you as you hire the most qualified clinicians, directors and supervisors in your area.
- Training - Our comprehensive training program will allow you to learn everything you need to know and more about owning and operating your own Nora.
- Continuous Support - Opening your doors is just step 1. Our ongoing support will assist you with operating a successful Nora clinic!
Brand Development
- Credentialing and Contracting
- Insurance and Fees
- Medical Billing
- 24/7 Call Center
- Referrals
- Personalized Support
- Human Resources
- Exclusive Territory
The Mental Health Market Need
The mental health market is booming. There is a HUGE unmet need in our country and Nora Mental Health fills this need. When you open a Nora Mental Health clinic near you, we all thrive.
- Are you ready to make real change in your community and your own life? Take the first step in making a major difference in people’s lives. And your own.
- The U.S. Mental Health Market was valued at $90.5 billion in 2020 and is projected to be worth around $132.4 billion by 2027, registering a CAGR of 5.3% from 2021 to 2027.
- An estimated 57% of Americans suffer from a diagnosable mental health disorder.
- 50% of Americans who feel they could benefit from mental health treatment did not receive treatment in the prior year.
Need More Reasons to Join the Nora Mental Health Family?
- First to Market
The mental health industry is highly fragmented and franchising is a new concept in this market. Nora Mental Health offers proven systems and support that will help you dominate your market. - Low Cost of Entry
With the average cost to start a medical or mental health franchise being well over $100,000, our model allows you to get up and running for less and still have access to all the resources and support that come with being a part of our franchise family. - Every Staff Member Produces Revenue
Every single one of your employees or contractors will produce income as they see clients, which means every employee contributes positively to the bottom line. - No Mental Health Experience Needed
Our extensive training program will allow you to become a successful franchise owner even if you have no prior experience in mental health or healthcare. You do not need to be a licensed mental health clinician in order to own an Nora Mental Health franchise. - A Proven System
Nora Mental Health offers operational systems that are tested and proven to succeed, rapidly. Utilizing our experience, support, marketing & operational systems plus your drive to succeed will create your own thriving clinic! - Multiple Sources of Revenue
We generate significant income by providing a range of mental health services in the office, out of the office, offering medication management services, collaborating with local and state organizations…and more! - Recession Resistant
In contrast to other businesses, the healthcare and mental health industries have been immune to economic downturns because insurance companies are legally required to cover the services we offer. - Low Overhead
Nora Mental Health clinics are lean operations requiring no receptionist and no administrative staff. This means your costs are fixed, and as your clinic grows, so does your profit margin. - Tele-Therapy Utilization
Insurance companies are covering tele-therapy services which allows you to have staff clinicians working virtually, taking up no office space and saving you money on overhead. - Conversion Model
If you already have a practice but no longer wish to deal with all the minutiae, are having a hard time growing or would like to join the Nora family, we offer a conversion option to convert your existing clinic to an Nora Mental Health clinic for half the cost! - Staff and Client Retention
Our proven methods of supporting and supervising our team members drastically reduces turnover because we are dedicated to taking care of our team. Lower clinician turnover rates also lead to higher client/patient retention rates. - Semi-Absentee
A Nora Mental Health clinic is a great option for those who want to run a business without having to be on-site all the time. Nora clinics can be run semi-absentee when you have a licensed Clinical Director on staff.
We’re in the business of getting better.
Ready to Get Started? Request more information now!
Video
Availability
Nora Mental Health is currently accepting inquiries from the following states:
Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Michigan, Minnesota, Missouri, Mississippi, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Vermont, Wisconsin, West Virginia, Wyoming
Interested parties should have at least $40,000 in liquid capital to invest.
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