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

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.

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.

Franchise support services

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

Market size and growth

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.

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

The franchise fee for ChillRx is $40,000.

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