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LAST UPDATED: 2/2023FRANCHISE WEBSITE:&nbsp;<a href="https://www.mycryofit.com/franchise/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-cryofit-franchise-costs-fees-profit-and-data-2721337" target="_blank" rel="nofollow">https://www.mycryofit.com/franchise/</a>NUMBER OF LOCATIONS: 11REPORTED COST TO GET IN: $141,550–$289,000CryoFit is a recovery and wellness center franchise with locations in Texas and Wisconsin. The company offers clients a customized personal protocol of wellness services, including cryotherapy, NAD + IV infusion, IV drip therapy, compression recovery, infrared sauna and injectable vitamins.&nbsp;The Austin-based franchisor boasts low overhead, in-depth training and a tried-and-true business model.&nbsp;<h4>How Many Locations Are There?</h4>There are currently 11 CryoFit locations, with the majority based in Texas. In 2015, the company&nbsp;<a href="https://www.bizjournals.com/austin/news/2015/08/27/cold-and-calculated-austin-cryotherapy-company-has.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-cryofit-franchise-costs-fees-profit-and-data-2721337" target="_blank" rel="nofollow">was approved</a> to begin issuing franchise agreements by the state of Texas. At that time, the founders announced a goal of 50 locations after two years and 250 after five. However, they did not reach those goals.&nbsp;<h4>What Is the Business Model?</h4>CryoFit says its franchise opportunity is dedicated to keeping the business model simple and the cost of entry reasonable.&nbsp;“Our goal is to let people experience the ‘American Dream’ of business ownership with a proven business model and plan of actions,” reads the brand’s franchise development page.While the brand prefers its franchisees to be actively involved in their store, it is not a requirement. There are also multi-unit opportunities available. CryoFit will provide its location criteria and will help franchisees find a commercial real estate broker in their area to assist with negotiations. They will also support new owners through construction and design.Prior to opening, franchisees will be invited to San Antonio to receive intense corporate hands-on training. These training sessions cover all aspects of CryoFit’s operations such as business management, marketing and social media strategies, facility and equipment operations and maintenance, costs, and nitrogen gas control and purchasing.<h4>How Much Can CryoFit Franchise Owners Make?</h4>Profits for CryoFit franchise owners are not publicly available. However, the&nbsp;<a href="https://www.grandviewresearch.com/industry-analysis/cryotherapy-market?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-cryofit-franchise-costs-fees-profit-and-data-2721337" target="_blank" rel="nofollow">cryotherapy market size</a> was valued at $6.39 billion in 2021 and is expected to advance at a compound annual growth rate of 7.2% by 2030.&nbsp;<h4>How Much Does It Cost To Open a CryoFit Franchise?</h4>The total investment necessary to begin operation of a CryoFit Facility ranges from $141,550–$289,000. Financial requirements include:<ul><li>Franchise Fee: $39,000</li><li>Royalties: 6% Of Gross Sales, Semi-Monthly</li><li>Advertising Fund: 1% Of Gross Sales, Semi-Monthly</li><li>Total Financial Investment: $299,050–$446,700</li><li>Financial Requirements: $250,000 Liquidity Or Minimum Cash Required&nbsp;</li></ul>CryoFit is an SBA-approved franchise, so franchisees may work with any financial institution that participates in SBA lending programs.<h4>What Is the Franchise Fee for CryoFit?</h4>The franchise fee for CryoFit is $39,000.&nbsp;<h4>Who Are the Leaders of CryoFit?</h4><ul><li><a href="https://www.linkedin.com/in/sheryl-reeh-1096b6a3/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-cryofit-franchise-costs-fees-profit-and-data-2721337" target="_blank" rel="nofollow">Sheryl Reeh, Co-Founder</a></li><li><a href="https://www.linkedin.com/in/brian-balli-2881b518/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-cryofit-franchise-costs-fees-profit-and-data-2721337" target="_blank" rel="nofollow">Brian Balli, Co-Founder</a></li></ul><h4>What Helpful Articles Can I Read to Learn More?</h4><ul><li><a href="https://www.mycryofit.com/franchise-faqs/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-cryofit-franchise-costs-fees-profit-and-data-2721337" target="_blank" rel="nofollow">Franchise FAQs</a></li><li><a href="https://www.mycryofit.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-cryofit-franchise-costs-fees-profit-and-data-2721337" target="_blank" rel="nofollow">Consumer Website</a></li><li><a href="https://www.bizjournals.com/austin/news/2015/08/27/cold-and-calculated-austin-cryotherapy-company-has.html?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-cryofit-franchise-costs-fees-profit-and-data-2721337" target="_blank" rel="nofollow">Cold and Calculated: Austin Cryotherapy Company Has Plan to Expand Nationwide</a></li></ul>Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.

Franchise Deep Dive: CryoFit Franchise Costs, Fees, Profit and Data

1851 Franchise

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