Ever heard the question, “how many licks to the center of a Tootsie Pop?” Indeed, that question shares much in common with the consideration of the costs involved with getting a cryotherapy clinic up and off the ground. Cryo Centers of America is expert at making this question as straightforward as possible, although it does depend greatly on an individual’s experience in business, willingness to work hard, and ability to withstand a sometimes sharp learning curve. With this in mind, here are the key aspects to ponder when assessing the costs of a cryotherapy center.
Profitability. Talk about cryotherapy center costs really ought to begin here. To be clear, cryotherapy is still in its nascent stages and remains one of the hottest, most promising emerging markets in the health and wellness sector. The market potential continues to climb in ways that are both exciting and verifiable. Cryotherapy’s reputation as a minimally invasive process that can be used for serious concerns like aging, sports therapy, injuries, and pain management will continue to fuel both awareness and customer conversion well into the future. We’re hoping this message is clear — an investment in a cryo clinic is well worth what your wallet might spare in order to realize the goal.
Location, Location, Location. This is also an essential talking-point ahead of actual dollar signs and monetary amounts. Where a cryotherapy clinic is situated can do much to either reduce or significantly increase your costs across the board. Cryo Centers of America specializes in helping its clinic owners scout the most lucrative storefronts in their local area, taking both competitors and awareness of cryo into consideration. Opening up too close to a well-known center can be a kiss of death, as can launching in a place where awareness of cryo remains low without a solid, step-by-step marketing and advertising strategy to make up for it.
Licenses, Permits, and More. Finally, you’ll need to deal with these annoying yet perfunctory costs of doing business. Cryotherapy’s stance as a novelty means that many cities and states aren’t yet fully aware of how to regulate the industry. As such, you may encounter relatively few obstacles regarding municipal and/or state monitoring of the clinic. But launching in a “big cryo” state like California or New York means there’s no way out of such concerns as city permits, state licensing, training and safety education, and additional points of certification.
Operational and Start-Up Costs. Now, the nitty-gritty numbers associated with launching a real-deal cryotherapy center are absolutely subject to the previously mentioned information, in addition to who’s partnering with you during the set-up. A licensing opportunity with Cryo Centers of America absolutely takes the cake here in streamlining and economizing the entire process, saving you solid amounts up-front and helping to ensure well-filled offers later. This said, here are rough estimates regarding the costs of establishing a cryo center as soon as possible:
- Cryotherapy Chamber or Cryosauna Costs: approximately $50,000 to $150,000
- Cryotherapy Nitrogen Costs: varies dramatically depending on the location
- Cryotherapy Center Costs Overall: approximately $150,000 to $200,000
- Cryotherapy Licensing Costs: a one-time, up-front fee of $15,000
As you can see, opening a cryotherapy center will require a significant financial investment. However, that investment can be eased with excellent planning, innate business sense (a background in marketing is a huge plus), and the guidance of an experienced cryotherapy business. Cryo Centers of America has shepherded scores of entrepreneurs and first-time business owners through the cryotherapy center-opening process, and we’d love to do the same for you. Give us a call and let’s talk it through: 214-383-9998