Cryotherapy franchise business iCRYO just closed its first deal to develop an area with local businessman Greg Christensen in Arizona. Christensen, an Army veteran, already owns three other franchises in the health and wellness category, and his joining the brand marks the first veteran to take advantage of its franchise opportunities. Partnering with veterans and others who serve the community--earlier in the year, iCRYO announced South Florida locations being opened by first responders--is a primary goal of the brand, according to COO Kyle Jones.
The recent Arizona deal is the largest for the cryotherapy franchise in its company's history, with 15 locations sold at one time. The first location is slated to open in the summer of 2020 and will be the flagship location for all of the new Arizona franchises.
According to Christensen, the new Arizona franchisee, he stays active but needs to be able to recover quickly because he's a single parent of two young boys. He says the self-care services the brand offers help him reach these goals.
iCRYO offers a full suite of wellness services, such as compression therapy, whole body, localized and facial Cryotherapy, IV infusions, and infrared saunas. These services can boost sleep, provide anti-aging benefits, improve skin, provide stress relief, improve circulation and address other issues.
This growing brand still has franchise opportunities available, with the initial investment ranging from $239,400 to $591,800.