Employee & Freelancer Expenses

$151

$352

Website Costs

$223

$7,215

Business Formation Fees

$5,600

$20,400

Equipment & Supply Expenses

$66

$700

Retail Business Expenses

$1,250

$11,650

Advertising & Marketing Costs

$75

$4,786

Software Expenses

$162

$2,745

Training & Education Expenses

$0

$1,000

Total Startup Costs

$7,527

$48,848

Breg, Inc.

breg.com

287,245

Restore

restore.com

391,864

NEXT|HEALTH

next-health.com

448,468

CRYO Stay Young: World Leaders in Cryotherapy

cryo.com

532,465

VACUACTIVUS cryotherapy chambers and weight loss machines

vacuactivus.com

606,987

iCRYO

icryo.com

981,522

The Invigory, Natural Wellness Studio

theinvigory.com

1,082,468

Chillfit Cryo

chillfitcryo.com

1,091,998

US Cryotherapy

uscryotherapy.com

1,124,049

venturacryo2

venturacryo.com

1,534,778

Cryotherapy At °CRYO

cryosc.com

1,564,015

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

Meaningful business connections

You never know who you will meet as a cryotherapy business. This could be the start of an incredible business opportunity!

High customer retention rates

Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.

High margins

The gross margins for your cryotherapy business are typically around 60%, which is considerably high and allows you to grow your business and manage costs easily.

Pick & choose the clients you work with

Cryotherapy Businesses have the ability to choose the clients they work with. You have the freedom to work with only a few loyal clients or with hundreds of clients!

Motivation of employees

If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.

High employee turnover

In the cryotherapy business, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.

Taxes

As a cryotherapy business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

Niche Market

A niche business is not necessarily a bad thing, in fact, it can be the key to your success. However, it can be more challenging and time consuming to find the perfect niche market and target audience.

High overhead expenses

With starting a cryotherapy business, there are overhead expenses that come with selling a physical product. You will want to make sure you strategically budget for these overhead costs. We discuss this more in the startup costs section below.

Churn

In this business, customers can cancel their membership or subscription for your services - which can make revenue forecasting challenging and unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible.