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

The New Jersey-based franchise, ChillRx, is expanding across the Mid-Atlantic region.

Updated 4:16PM • 03/13/23

ChillRx is a cryotherapy franchise that offers services for autoimmune disorders, weight loss, athletic recovery, injuries, performance improvement, cognitive/mental illnesses and anti-aging.

Rather than a kiosk model, ChillRx offers clients treatments in a traditional spa setting. The brand’s mission is to “improve the health, fitness, and beauty of [its] clients—all with a drug-free, non-invasive and extremely safe treatment.” On top of cryotherapy, the company also offers services such as infrared sauna and light therapy, Slim Pod, NormaTech Compression Therapy, LED light therapy and more.

Since opening in Westfield, New Jersey in 2015, ChillRx has designed an aggressive franchise growth strategy awarding opportunities to qualified candidates.

How Many Locations Are There?

There are currently five ChillRX locations in New Jersey and Ohio.

In 2016, it was announced that the brand was launching a strategic U.S. franchise growth initiative focusing on individuals and small teams in Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia and Washington, D.C.

What Is the Business Model?

Franchisees will be provided comprehensive hands-on training and ongoing support to each individual franchise location. This includes:

Startup Support Assistance

Company formation
Site selection
Lease negotiation
Build out design and inventory
Cryotherapy machines purchase
Proprietary nitrogen storage and delivery system
Comprehensive training
Employee development
Compilation of cryotherapy research and data
Trademarked treatment protocols and programs
All aspects of business support
Marketing training
Administrative training
Certification in Whole Body and Local Cryotherapy Treatment
Initial localized public relations
Support with formation and launch of social media sites
Access to all proprietary manuals: operations, human resources, safety, daily procedures
Assigned onboarding specialist

Technology Training

Online scheduling software
ChillRx custom point of sale system
Accounting software
Marketing software and applications
Online ordering system
24 hour access to revenue reports and camera systems
Ongoing social media support

Ongoing Support Once Operational

Regular visits from corporate support team
Ongoing industry education
Newsletter specific to ChillRx
Consistent email and phone communication
Quarterly education from blog and webinar
Franchise forum
Ongoing training and industry updates
Future annual franchisee expo
Expert and responsive mechanical support
Corporate medical advisor
Ongoing research and development
Access to approved suppliers
Advertising and marketing support

How Much Can ChillRx Franchise Owners Make?

Profits for ChillRX franchise owners are not publicly available. However, the cryotherapy market size was valued at $6.39 billion in 2021 and is expected to advance at a compound annual growth rate of 7.2% by 2030.

How Much Does It Cost To Open a Franchise Location Of ChillRx?

The total estimated cost to open a ChillRx franchise is $244,300–$328,350. Here is a breakdown of costs:

Franchise fee: $40,000
Real estate/rent: $1,800–$5,600
Utility: $100–$300
Leasehold improvements: $30,000–$80,000
Market introduction program: $1,000–$5,000
Furniture, fixtures and equipment: $145,000
Computer systems: $1,000–$2,000
Insurance: $2,500–$6,800
Signage: $2,500–$3,500
Office expenses: $1,000–$2,000
Licenses and permits: $200–$350
Dues and subscriptions: $200–$300
Professional fees: $1,000–$2,500
Working capital: $18,000–$25,000

What Is the Franchise Fee for ChillRx?

The franchise fee for ChillRx is $40,000.

Who Are the Leaders of ChillRx?

What Helpful Articles Can I Read to Learn More?

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