How much does a cryotherapy business profit?
Calculating a cryotherapy business profit margin is easier than you think. Not many businesses can operate with a single employee and generate an 86% return in less than ten minutes. However, is there a way to actually measure how much a cryotherapy business can profit in the long run? Yes.
Cryotherapy business profit margins and expansion
Cryotherapy math is simple: the XR Cryosauna uses on average about $5.00 worth of nitrogen per session. Prices for a session range anywhere from $40.00 to $80.00 across the nation. Here's a breakdown if you are operating only Monday - Friday.
10 Sessions per day
$40.00 per session
20 days per month
Total revenue: $6,797 per month
If you live in cities where cryotherapy is in high demand (New York, Dallas, Los Angeles, etc.) your revenue will be higher.
Are these numbers reliable?
Yes, these numbers are accurate. What gets some business owners in trouble is when they budget for these absolute returns and then fail to take into account the following:
Staffing costs
Building lease
Insurance
Taxes on earnings
Coupons, Groupons, or discounted sessions
The first four in this list are all consistent costs. Discounted sessions can eat away at your profits if you are not using them to increase sales for your other products or services. For example, if you own a gym that offers cryotherapy you can bundle cryo sessions with classes. Tanning salons bundle cryo with skin-care products, Fit Body Wrap, and other services. Physical therapists and chiropractors do the same, and this increases their overall revenue and foot traffic.
How long until I make my money back?
A return on investment is a business owner's first concern. A cryosauna is an expensive piece of equipment and a serious investment. But with the tools Cryo Innovations supplies you can achieve a full ROI in as little as 17 weeks. We know because we have seen it happen. Unlike some companies that merely provide a machine and a handbook we provide a team of support staff, as well as:
A dedicated 24/7 Customer Success Manager (free)
Liquid Nitrogen Sourcing (free)
Video calls and training (free)
Social Media assets (pictures, videos, GIF's for your business - all free)
In-house software developers who monitor your chamber 24/7 (free)
Endorsement opportunities where we showcase your success (free)
Marketing resources and info (free)
These free resources allow you to focus on your business while presenting cryotherapy as professionally as possible.