An Investment. In your career and your future
What are the costs? Less than if you were to go it alone.
The initial franchise fee for a single-unit Thriveworks franchise is $20,000 for a new mental health counseling practice, or $10,000 to convert an existing mental health counseling practice. Eligible candidates must commit to either opening five clinical practices in 12 months, or 10+ in 24 months.
However, as with any business, there are additional expenses for opening a Thriveworks practice. These expenses include:
- Attending franchisee training
- Renting quality office space
- Recruiting a clinical team
- Utility deposits & insurance
- Accounting and legal fees
- Furnishing an office suite (say 5+ offices and a waiting room)
- Grand opening marketing
Franchisees can expect their initial investment for converting a counseling practice to a Thriveworks practice to range between $25,700-$40,800. Starting a new counseling practice from scratch typically ranges from $47,100-$89,282. These estimated costs include the franchise fee and operational expenses and marketing for the first 3 months. In general, the cost of opening a Thriveworks practice is considered on the very affordable end for starting a franchise business.
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*See Franchise Disclosure Document for details specifics and the most up to date and accurate numbers.