Every business owner who is looking for new chances and considering starting a cryotherapy centre wonders whether such a venture would be profitable. Yes, cryotherapy is becoming more and more popular, and it’s a terrific chance to take the lead in your industry. But at what point is ROI possible? Counting now.
- Whole-body cryotherapy sessions typically last three minutes.
- You spend about $5 on nitrogen for the duration of the session.
- Depending on the market and your area, a client’s first session should cost a minimum of $35. Cryotherapy sessions, for instance, can cost up to $70 in the US. so that you may profit at least $30 from each session;
- If you receive at least 10 cryotherapy treatments per day, you can receive up to 300 in a month (weekends included).
- As a result, your centre will be busy with cryotherapy treatments for about 1.5 hours each day, and your monthly income will be $9,000 as a result (already excluding liquid nitrogen costs).
- Your monthly expenses (land, payroll, insurance, and promotions) and any one-time charges will be subtracted from your net profit. Additionally, determine the time frame for ROI.
These calculations are all predicated on a light workload and a low cost each cryotherapy session. By raising both the number of sessions and their cost, you may raise your monthly income.
Successful cryo facilities with heavy workloads have occasionally achieved a complete ROI in 4-5 months.