- Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$475K - $1.2M
- Units as of 2023
-
33 200.0% over 3 years
iCryo was founded in 2015 by Bill and Kyle Jones. It is a personal care business that aims to provide miscellaneous health services in the United States. They have been franchising since 2017 and are seeking to expand the business to other areas.
With over ten units, iCryo has continued to offer quality healthcare services to the community. You may sign a ten-year agreement with the company with an option to extend should you meet the iCryo franchise requirements.
Why You May Want To Start an iCryo Franchise
With a relatively high demand for IV therapy and cryotherapy, you may be in a good position to start an iCryo franchise and provide professional, convenient, and affordable healthcare services. With the help of iCryo, many franchisees can receive training and support to equip them to run a franchise that may enrich their community.
The iCryo franchise team has experienced negotiators who can help franchisees in site selection and construction. They also may offer franchisees access to all resources needed to create an iCryo franchise. With over several years of construction experience, iCryo may help you manage your project from start to finish.
iCryo's cryotherapy franchise program also may provide strong sales and marketing support to franchisees with thorough advertising, pre-opening and post-opening strategies. iCryo trains franchisees to offer body cryotherapy, sauna services, body sculpting, cryotherapy facials, infrared sauna, compression therapy, IV infusion, and more.
What Might Make an iCryo Franchise a Good Choice?
The iCryo franchise support team provides franchisees with an initial multi-day classroom training to go along with hands-on training to ensure they receive insight into iCryo and its business model. Here, franchisees may learn how to improve the health and wellness of their community. For example, they can learn how to offer whole-body massage, facial therapy, sauna, cryotherapy, and more.
As you decide if opening an iCryo franchise is the right move for you, make sure you take time to explore the opportunity. Research the brand and your local area to see if an iCryo franchise would do well in your community. While competition is healthy, too much of it may not allow for the most possible growth.
How To Open an iCryo Franchise
To be part of the iCryo franchise team, you should make sure you're financially ready for an initial investment made up of a franchise fee and other startup costs. In addition, you should prepare yourself for ongoing fees that will include advertising, royalty, and potential renewal fees. Franchisees will also need to meet the company's set net worth and liquid capital requirements.
iCryo has partnered with third-party financial lenders that may help cover the costs of the franchise fee, startup, equipment, inventory, accounts receivable, and payroll.
Before making any financial commitment or signing an agreement, you must perform your due diligence and establish if this is the right opportunity for you. As part of your due diligence, you may want to speak to existing franchisees and ask the iCryo franchising team questions.
Company Overview
About iCryo
| Industry | Personal-Care Businesses |
|---|---|
| Related Categories | Miscellaneous Personal-Care Businesses, Miscellaneous Health Services, Health & Wellness |
| Founded | 2015 |
| Parent Company | iCryo Brands LLC |
| Leadership | Bill Jones, Chairman/CEO |
| Corporate Address |
14200 Gulf Fwy., #210 Houston, TX 77034 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube |
Business Overview
| Franchising Since | 2017 (7 years) |
|---|---|
| # of employees at HQ | 29 |
| Where seeking |
This company is offering new franchises throughout the US. This company is offering new franchises worldwide. |
| # of Units | 33 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a iCryo franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$49,500 |
|---|---|
|
Initial Investment
|
$474,500 - $1,205,000 |
|
Cash Requirement
|
$125,000 - $225,000 |
|
Veteran Incentives
|
35% off franchise fee, royalty fee waived for 6 months |
|
Royalty Fee
|
6.5%-5% |
|
Ad Royalty Fee
|
1%-2% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | iCryo has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 46 hours |
|---|---|
| Classroom Training | 110-169 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | No |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
|
Are exclusive territories available?
|
Yes |
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