In general, cryo businesses charge more for a single session than subscriptions, bundles and packages. This excludes promotional prices and discounts.
The average cost per session differs across the country based on various factors. It’s critical to research and consider the price of cryo in your area before you consider a certain price.
| State | Price |
| Arizona | $50 |
| California | $45 |
| Colorado | $55 |
| Delaware | $55 |
| Florida | $45 |
| Georgia | $50 |
| Iowa | $25 |
| Idaho | $50 |
| Indiana | $45 |
| Kentucky | $25 |
| Louisiana | $60 |
| Massachusetts | $55 |
| North Dakota | $35 |
| New Jersey | $45 |
| New York | $70 |
| Ohio | $40 |
| Oklahoma | $25 |
| Pennsylvania | $30 |
| Tennessee | $25 |
| Texas | $40 |
| Utah | $35 |
| Wyoming | $50 |
Cryo Innovations works with hundreds of businesses across the world to help provide cryotherapy services to their customers.
Different businesses offer different subscription packages. Offering a cryotherapy subscription is a great way for a cryo business to up-sell its customers while promoting the myriad health benefits that customers receive from committing to periodic sessions.
Here are some of the examples of subscription packages that cryotherapy businesses currently offer:
Offer your customers a way to for them to pay once to receive as many sessions as they want. This is the most lucrative way to grow your cryo business and scale. Remember that the more back-to-back sessions you have going, the less nitrogen a nitrogen based cryotherapy machine uses.
Similar to the unlimited subscriptions, monthly and yearly packages allow your customers to benefit from as many sessions as they want but for a limited time frame. This could be a great way for your business to promote itself during the holidays.
This is the most popular option so far. Many cryo businesses offer 3, 5, 10, 100 or even higher packages. Studies show that doing multiple sessions yield to better results than a single session so by offering packages you are increasing the effectiveness of cryotherapy for your customers. Plus, you’ll make more money too.
Whether you are starting up or you want to promote your cryo business during holidays, using limited time discounts is a great way to promote your cryotherapy business to your customers. Customers tend to want to take advantage of scarcity so engage with your target audience and offer them a time limited discount.
The XR includes a built-in point-of-sale software that automates your cryotherapy business for you. This isn't required for operation but is included for the first 3 years as an added benefit.
A great way to promote your cryotherapy services is to allow your customers to purchase gift cards. Gift cards are a great way for your existing customers to promote your products, services and brand. Successful cryotherapy businesses take advantage of their satisfied customers and allow them to share the gift of cryo with their friends or loved ones.
Empower your customers with the ability to share what they love. By allowing your customers to create personalized gift cards for their family and friends, you are helping them promote your business and increase your brand equity.
The XR's point-of-sale software features built-in gift cards for your cryotherapy business.
Adding a cryosauna to an existing business is almost always the most cost effective way as you don’t have to consider rent as an additional cost. Simply having a small empty room of 8’x10’ will suffice.
Where you decide to locate your cryotherapy business will change your costs greatly. It is important to find the most lucrative storefronts in your local area while taking into consideration both your competitors and complementary businesses. Opening up a cryo center near an existing one may negatively affect your sales volume. But positioning near complementary businesses such as fitness centers can prove to be beneficial. We help you find your ideal location. Learn more about finding an ideal location for your cryotherapy business.
Some cities and states may require certain licenses and permits. You may need to contact your city and figure out the international building code, fire code and mechanical code that pertains to your business. Cryo Innovations help navigate roadblocks such as these.
Overall Cryo Chamber Cost Ranges
Nitrogen Chambers: $42,000 to $75,000
Electric Chambers: $130,000 to $700,000
Nitrogen Cost: varies depending on location, number of sessions, and the time in between sessions. The XR’s cost per session is approximately $5.
Electricity Cost: varies depending on chamber. The XR is a standard 110 volts and consumes about the same electricity as a TV.
Insurance: varies depending on coverage. On average insurance for a cryo business is $200 per month.
| XR Cryosauna: | $6,996 per month |
| Others: | $5,796 per month |
* Actual numbers may vary.
It is important to understand that in the United States cryotherapy chambers or cryosaunas are not regulated by the Food and Drug Administration (“FDA”) as a medical device. Therefore your consumers should be aware of the FDA’s position and guidance on cryotherapy products and cryosaunas. Click here to learn more information about the FDA’s Consumer Guidance regarding cryotherapy and compliance. Cryotherapy operators should avoid any misleading statements about the use of their cryotherapy chambers or cryosaunas. Cryotherapy chambers are not intended to be utilized for the treatment of any type of disease, disorder or illness.
DO educate your clients on the risks and side-effects of cryotherapy.
DO NOT provide any misleading statements about the use of cryotherapy chambers.
Nitrogen based cryotherapy chambers and cryosaunas need to be properly ventilated. This requires the installation of exhaust fans to provide safe air for you and your customers to breathe. You may need a large “bathroom” exhaust fan for ventilation routed outside. Home improvement stores or even Amazon will have availability. The rule of thumb is 1 cubic feet per minute (CFM) per 1 square foot of room size.
Fan cost: $150-$200
Fan installation ~$200 You are responsible for purchasing and installing this at your business
Most general liability business insurance policies do not cover injuries such as skin burns. Therefore as a cryotherapy service provider, choosing the right cryotherapy business insurance policy will mean the difference between being covered or denied coverage.
When looking for an insurance policy look for a policy with:
Cryotherapy General Liability Insurance: This type of policy covers slip-and-fall claims, product liability and other general claims.
Cryotherapy Professional Liability Insurance: This type of policy protects a against injury suffered by a client from cryo services.
Cryotherapy License Action Reimbursement: This type of policy protects you during a government action against your business.
Cryotherapy Business Property Insurance: This type of policy covers your cryo chambers/saunas, computer equipment, etc.
Perhaps the BIGGEST RISK with owning and operating a cryotherapy business is customer safety and owner liability. It is most important that your business is built on and around a stable, safe and secure product. When comparing cryosaunas, pay close attention to the safety features provided as they can help prevent serious harm to your clients and to your business.
Look for these safety features as they help minimize your risk and liability:
Having digitally stored contraindications make it easier for your users to use your cryotherapy services.
You need to offer your clients protective equipment for them to wear to protect their extremities during cryotherapy sessions. If the cryotherapy machine you are interested in does not include such equipment, you are responsible to provide this to your clients.
The death of a 24 year old woman in Las Vegas who died accidentally while using a cryotherapy chamber in 2015 has raised several concerns. The investigation concluded that she died by asphyxiation when she inhaled too much nitrogen gas and collapsed inside the chamber. She was all alone with nobody to rescue her. Read the full report here. In order to provide a safe experience to your clients and to minimize your liability and risk, you should look for a cryotherapy chamber that includes as many safety measures as possible.
Cryo Innovations saw this tragic incident as a call to revamp and innovate the cryo industry.
The XR features 8 on-board safety features and sensors to minimize your risk and liability while providing the safest cryotherapy experience to your clients.
Nitrogen based cryosaunas and cryotherapy chambers along with electric ones vary greatly in their efficiency. Choosing an energy efficient and green cryotherapy machine will not only save you money, but it will also help protect our environment. Look for cryotherapy machines with low nitrogen usage if you are interested in nitrogen based machines.
There is a direct relationship between a cryotherapy machine’s energy and nitrogen consumption rate and the profitability of your cryotherapy business. Therefore it will benefit you greatly to pick a machine with low electricity and nitrogen usage. It is also better for the environment.
Like any other machine, cryotherapy machines vary in performance. Some machines are better at evenly distributing cold air/nitrogen to the body. These machines thus provide a much more effective cryotherapy experience. When looking for a cryosauna or cryotherapy chamber, look at a high performing machine that will provide the optimal cryo experience to your clients.
Much like how smartphones are different from the traditional non-smartphones, smart cryotherapy machines offer greater quantity and quality of tools for your cryotherapy business.
You want to be ensured that your machine is free from defects in material and workmanship under normal user and service. That is why its important for you to want to purchase from manufacturers that provide warranty and cover their product.
When it comes to buying options, most people think of financing. Depending on your personal credit you may be eligible to finance or lease a cryotherapy chamber. A financier has the following general requirements for approval:
Here are some alternative funding options for your cryotherapy business:
Many successful entrepreneurs have utilized crowdfunding platforms to fund and fuel their startups. These crowdfunding sites allow many people to invest in your business or idea, rather than you finding one person to come up with everything you need by themselves. The following are some of the popular crowdfunding platforms that you can use: Kickstarter, Indiegogo, Patreon, GoFundMe, Crowdrise, PledgeMusic, MightyCause (formerly Razoo), InKind (formerly Equity Eats), Crowdfunder, Give, Charitable, Lending Club, AngelList, Ulule, Funding Circle, Seed&Spark, Crowdcube, GoGetFunding, Fundable, and Kiva.
You can consider going into a revenue sharing plan with an existing business. Look for businesses in the following industries that best complement cryotherapy: Athletics, Chiropractic, CrossFit, Fitness Studios, Gyms, Medical Spas, Physical Therapy, Plastic Surgery, Recovery Centers, Salon/Spa, Sports Medicine, Sports Teams, Tanning, and Wellness Centers.
Disclaimer: Cryo Innovations does not revenue share with other owners.
One of the keys to a successful cryotherapy business is its location. The rule of thumb is to place your business near potential customers. You need to find the right customer profiles who are likely to use cryotherapy.
Some medical, health and fitness related industries complement the cryotherapy industry because their target market is the similar to, if not the same as, the cryotherapy industry target market. You can position yourself near businesses in these industries to take advantage of the existing customers in the surrounding areas.
Data suggests having at least half of these profiles near you. This will increase your likelihood of easily finding customers. Some may become regular visitors, buying sessions once or twice per week or even unlimited sessions.
Another great option is to team up with an existing businesses that complements cryotherapy. By creating a strategic partnership, you can position your cryo business inside/next to an existing business, cutting down on the start-up cost and boosting revenue/sales potentials. We suggest you contact and talk to the business owners to then present your cryotherapy business idea to them to see if they are interested.
