Should I Start a Cryotherapy Business in 2021?
Is now a good time to start a cryotherapy business? With the global pandemic many small businesses are shutting down. You may be hesitant to open a new business. But this also may be your golden opportunity! Business opportunities are a buyer's market: leases and equipment are entering an all-time low, and yet customers are hungry for quality recovery sites.
The Cryo Economy is ready to return. Are you?
Starting A Cryotherapy Business
Starting any business right now requires careful planning and execution. The country learned valuable lessons from the housing market crisis of 2008-20012. Many people lost their homes and businesses closed as the economy sank. What investors noticed is that once the economy began to rebound there were amazing opportunities for starting a new business. Consumers were hungry to "get back to normal" and enjoy life as they remembered before. We are seeing this same pattern now.
Closed businesses are selling off equipment
Landlords are reducing lease payments and terms
New businesses will have less competition
Customer base is expanding as more businesses close
If you live in a city where there are no cryotherapy businesses, or if there are less than before, now might be the best time to start a cryotherapy business.
How to Prepare Right Now
The best way to prepare a cryotherapy business is to secure a competitive lease agreement on a space or building. For example, if you choose a simple cryotherapy chamber you can start by simply plugging it into an electrical outlet. However, if you want a more complicated machine (such as an electric wall-unit) it will take longer. You will have to request permits and hire a general contractor. The XR cryotherapy chamber is the only chamber that arrives ready to go: you simply plug it in and you are in business.
Why Did The Previous Cryo Business Fail?
Some entrepreneurs may feel that if one cryotherapy business folded that it may not be smart to open a new one. But that ignores the main reason that businesses fail: the owners. Businesses rarely fail for a lack of demand because demand can be created. Businesses fail because owners fail to market effectively. Furthermore, one failed cryotherapy business in a city does not mean that cryo "won't work there." It means that you can learn what not to do in that city to market cryotherapy.
Interested in learning more about buying a cryotherapy machine? Click here to see how easy it is (no email or registration required).
Are you curious about the science behind cryotherapy? Check out our list of peer-reviewed cryotherapy clinical studies.
NOTICE: Information contained within this website and in all materials, communications, or presentations by Cryo Innovations and Cryo Recovery Lounge is for informational purposes only. Whole Body Cryotherapy, infrared sauna, hyperbaric chamber, and any and all recovery methods described and/or offered by Cryo Recovery Lounge or Cryo Innovations are neither designed nor advised for treatment or cure of any illness or disease. No cryotherapy chambers (including the XR) have been tested or approved by the FDA. Please consult with your medical professional before beginning any cryotherapy or recovery method. All material contained within this site is copyrighted and may not be reproduced in any form without prior written permission. All rights reserved. For permissions contact Cryo Innovations.