Elaine Kim is Managing director of Cryosauna Review's Medical Advisory Board. Elaine holds an earned Masters degree in Nursing and works as a Nurse Practitioner as a surgical nurse. She describes herself as Energetic, Kind, Karma-aware, Adorable, and Big-hearted.
Have you ever thought about what your cryotherapy chamber is actually worth? If your business simply did not work and you had to sell your chamber how much of your investment could you recover? While this is not a comfortable subject it is a necessary one. What if your cryotherapy business fails?
Do you have an asset or liability?
Spending 40 to 100 thousand dollars on equipment is a big decision. When your business is doing great and you can sell a lot of cryotherapy sessions your chamber is an asset. But what if business stops? Will you be able to sell it, or end up with it in your garage at home? The financial education guru Robert Kiyosaki has taught for over 25 years that “an asset puts money in your pocket, and a liability takes money out of your pocket.” Once you stop making money in cryo your expensive chamber becomes an instant liability.
Best Resale Value – what is your backup plan?
As a consultant I often ask entrepreneurs what plans they have in place if they lose their business. The number one answer is always “I’ll just sell my chamber.” But is it that easy? A quick search on eBay reveals an average of 25 chambers for sale at any given time, and many have been there for months. My search today found (in alphabetical order):
The market for used chambers is already saturated, and none of the units are selling for even half of their original purchase price.
What’s Your Cryotherapy Chamber Really Worth?
Your chamber is only worth what someone will pay for it, and right now nobody is buying used chambers for more than 50% of the retail price. Chamber pricing models are similar to automobiles: it’s only new until you buy it, and it must be a quality or unique vehicle to hold its value. Once it becomes used the inherent value plummets. The question you need to ask yourself is if your chamber is a quality machine that holds value.
Did you buy a Porshe or a Toyota?
From my personal experience with vehicles I discovered the hard truth of inherent value. I have owned a brand new Porshe 911 and a brand new Toyota Camry in my adult life. When I traded in the Porshe I only lost $14,000 from the original purchase price. But when I traded in my Camry I didn’t even receive half of its original value. The Porshe it turns out is a superior vehicle with a constant market demand, although it was impractical after I had my first child. The Camry was a great family car but for resale it is just too common and simply not a special car.
Compare your cryotherapy chamber with the laundry list of chambers for sale on eBay. There are some models that are noticeably absent simply because they have kept their owners in business or they kept their resale value high and sold quickly.
With so many options why start a cryotherapy business? Cryotherapy is one of the newest innovations in the world of health and fitness. It has turned the heads of several fitness entrepreneurs due to its increasing popularity. Professional athletes and trainers rely on cryo to boost their energy and aid in recovery. While cryotherapy provides amazing health benefits to its users, it’s also extremely lucrative for the business owner. Financial analysts project the cryotherapy business exceeding $5 billion by 2025. This is only the beginning for this rising business. Many cities still lack a cryotherapy business in their area and for the moment, it’s still a land grab.
Is Starting a Cryotherapy Business Hard?
Cryotherapy is a plug-n-play business that requires little to no overhead or maintenance costs. After obtaining and installing the machine you can begin selling sessions immediately. Cryo sessions sell for $40, but only cost the owner a total of $5 for the nitrogen used. Therefore, a 3 minute session yields a whopping $35 profit. That alone can work as a business; however, it can also open doors to offering other services for more money.
Is Cryotherapy THAT popular?
You’ve probably seen cryotherapy being used by some of the greatest athletes on the planet. Lebron James uses cryo to continue dominating the NBA. Zac Efron also uses cryotherapy in maintaining and caring for his incredible physique. He even has guests on his fitness show use the cryo chamber after each of their workout sessions. The mainstream attention for this new innovation has piqued the interest of many business owners and fitness consumers, causing a growing market for cryo chambers. Once you have a cryotherapy business in town consumers will be eager to discover what’s behind all the mainstream attention surrounding cryotherapy which will help with marketing.
How Should I Start?
If you’re interested in a cryotherapy business, now is the time to start! It’s so easy to start and maintain that there should be nothing holding you back. Start by first comparing cryotherapy chambers here and reviewing the top performers from 2019.
The best cryotherapy machines of 2019 is a tough call. I have done a cryo session everyday for over two years now. I have only missed my cryo on days when I was traveling. In total I think I have enjoyed a crotherapy session about 4 days per week for the entire year. How did I afford all of this? Ironically most companies offered me cryotherapy for free for a “positive review.” I always tell them that I will write a positive review only if my experience is positive, and it often is. But you may notice that I have never officially endorsed a cryotherapy machine for a reason: I want to remain as impartial as possible.
The Best of the Best Cryotherapy Machines of 2019
For the most part what makes a top performing cryotherapy machine? In my humble opinion it meets three criteria:
The session is not interrupted by a system failure
The temperature reaches below -200°F
I feel safe
Those are three easy goals for becoming one of the best cryotherapy machines of 2019. Nonetheless many machines and cryotherapy providers just cannot meet all three. Sometimes my session is started only to suddenly stop and I have to get out, wait, and start again. This wastes my time and gives me concerns that I am not safe. I also want the temperature to reach colder than -200°F. This often means I am drawn to use liquid nitrogen machines because electric cryotherapy machines cannot reach below -160°F. For the record I am not opposed to electric machines, I just feel they do not provide as effective therapy because electric cryotherapy machines cannot reach below -160°F.
The XR by Cryo Innovations
First place for 2019 is the Tesla-looking XR by Cryo Innovations. This cryotherapy machine immediately looks impressive. Solid and sturdy with illuminated blue lights this cryotherapy machine is hands-down different from anything else. Comfortable inside I always felt VERY safe as it has 8 safety features running at the same time. It even has an earclip that measures my pulse and blood oxygen levels which was actually fun to watch. I also quickly realized that the machine was ready to go almost instantly. The “pre-cool” time was faster than I could get undressed, and before I knew it the temperature was -230°F.
The Impact by Impact Cryotherapy
The Impact Cryosauna is popular for being such an old model. Made in the USA like the XR gives the Impact a feeling of reliability. Many foreign made cryosaunas concern me. If a part breaks it may take awhile to have it replaced. The Impact made my “best of” list simply because it is a popular machine and I see it all across the country. Like the XR it gets cold, often below -210°F. I am comfortable in it as a consumer; however, if I were to buy one I would have the following requests for the manufacturer:
Make the walls sturdier. They are thin walls and it seems that they could be thicker for longevity.
The head-hole makes me feel trapped. It somewhat feels like a cigar-cutter and that my head and neck stick out like I am in a guillotine. The lid-with-a-hole feels weird, so why have it? It also forces the nitrogen gas towards my face, making me constantly worried I am inhaling it.
Onward to 2020!
This year is bringing huge advances to the cryotherapy world. New technology will enhance safety and bring cryotherapy to nearly every city in the country. Look for:
How did Antonio Brown get frostbite? 2019 was a rough year for Antonio Brown on and off the field. He underwent a cryotherapy session in France and suffered frostbite on his feet. This event took him out of the game and brought cryotherapy back to center stage. How did this happen, and was it preventable?
Antonio Brown got frostbite on accident
Antonio Brown’s frostbite was an accident, that much is clear. The cryotherapy community experienced a lot of negative attention after this happened. Everyone who enjoys cryotherapy knows that every session must include proper protection. Firstly, this is usually thick slippers and gloves for head-out chambers and slippers, gloves, earmuffs, and a mask for walk-in chambers. Secondly, blood vessels and skin in the hands, feet, ears, and lips is sensitive and can be damaged by the sub-zero cold temperatures.
Can I wear thick socks?
Antonio Brown reported wearing socks in the chamber, but he also had just finished a workout. Antonio Brown exercises harder than most, and his socks absorbed a lot of sweat. In my own experience I have always worn socks and slippers (along with gloves), but I do not think that even thick dry socks offer enough protection. Why? Socks are knitted and even thick socks have holes. That is how they stretch to fit our feet. Slippers have multiple layers of fabric and padding that insulate the feet. Remember: cryotherapy has temperatures lower than anything ever recorded on Earth. Slippers and gloves and all other personal protection equipment is required for a reason.
Take a nurse’s advice
As a nurse practitioner I see the good and bad of every hospital patient. Those that heal faster and live a better life are those that follow healthy advice. Cryotherapy is a healthy option for athletic recovery and for stimulating adipose tissue browning, and elevating your metabolism. Make sure to wear ALL protective equipment, especially thick slippers and gloves. I wear my own socks because I don’t want my feet in the slippers everyone wears, but I always check to make sure my soles and toes are dry. I would rather take off wet socks and wear dry slippers–even if someone else has worn them–than suffer an injury to my feet.
Cryotherapy leads the way in revolutionary and popular recovery modes. For a healthy lifestyle today how do you know which cryotherapy chamber is right for your clients? We compare two: a new technologically advanced chamber and an old standby. Both incorporate popular features. This blog will hopefully help you choose the best way to provide healthy recovery options in your spa, gym or medical office.
Head Sensor – this ensures that if a user’s head falls below the line the cryo chamber will shut down.
Onboard O2 sensors
Pulse oxygen reader to monitor oxygen levels while standing in the chamber
Built- in skin temperature sensor
Thermal imaging camera to ensure temperatures are safe and even
Door safety that never locks. If it is leaned on, the door opens.
Emergency button and shut off are available to the technician and the user, allowing either to shut it off instantly.
Cordura® Military grade anti-microbial, tear-proof, waterproof fabric, hand crafted for all interior panels. (Used by Nike and Space-X.)
Impact Elite Cryosauna offers classic technology and American workmanship in their cryotherapy sauna.
“Smart Sauna” software that allows for direct monitoring for the cryotherapy specialist operating the machine.
Simplified user interface with built-in safety protocols and has earned an independent laboratory ETL Mark for safety.
Technician has all the safety features at their fingertips. An instructor teaches a course Impact calls “Whole Body Cryotherapy Operator Training: Safety is Essential,” at the installation of your cryosauna.
Onboard O2 sensors
Adjustable height riser system so users are always elevated correctly for their size within the chamber.
Acrylic interior panels – to ensure the cleanliness of the chamber and the health of users.
These both offer state of the art technology with safety as a top feature. Having the ability for the user to be in control within the Cryo Innovations XR is unique. We found comfort in being able to shut down the chamber or simply lean on the door to open it. It also felt good knowing that the interior shape of the XR will pop the door open if someone collapsed for any reason (it is a slight inverted cone shape). The Impact Elite Cryosauna has an adjustable floor that ensures the user’s head is in the exact position above the nitrogen, and this is a good safety feature.
Along with the safety features of both chambers the technology of each is critically important to safety and operational ease. Both companies offer training to their buyers, so technicians are well prepared for operation. Both are nitrogen cooled and are made in the USA. The Cryo Innovations XR has a smaller footprint at 44″ x 34.” The Impact Cryosauna is 72″ x 36.” Each offers a warranty: one year with Impact, and three years with Cryo Innovations. Impact has a vapor delivery system to regulate the flow. Cryo Innovations has a proprietary Cyclone Flow Technology of less than 3 liters of nitrogen per session.
The looks and structure of both chambers offer aesthetics that can suit any office or venue. Each has their own unique design. Impact offers a laser cut aluminum structure. The Cryo Innovations model has glowing blue LED lighting that adds to any aesthetic. The XR is also highly mobile with locking wheels.
If you are interested in financing visit their respective sites to learn more and all of the extensive features that are offered beyond what we have covered here.
Cryosaunas are not cheap, so for many it comes down to financing a cryotherapy suana. This is common in the recovery industry. Small business owners may not have the cash on hand to buy a sauna outright. For most entrepreneurs the fastest way to a cryotherapy startup is financing a cryotherapy sauna.
What are the steps to financing a cryotherapy sauna?
Financing a cryotherapy sauna is easier than you think. While small business loans may not approve for a cryosauna there are other options. Cryotherapy has a small but dedicated group of lenders who will finance your cryosauna and who understand your needs. This niche market developed because of entrepreneurs such as yourself. Cryotherapy is an entirely new market that is expected to exceed 5 billion dollars by 2025. Many people are sprinting to become the first cryotherapy business in their area, and small banks are noticing.
Do I need really good credit?
The terms for financing a cryosauna are about the same as other small business loans. For most cryotherapy manufacturers you will need to show 1 year of being in business, a personal FICO score no lower than 650, and reserved funds in a company bank account. If you can meet those requirements you can get financed quickly.
Is financing a smart option?
Everyone wishes they had an unlimited source of funding, but the reality is that most entrepreneurs do not. In fact, one estimate of new startups measured that over 90% of entrepreneurs use other people’s money. The estimate also noted that most loans are paid off earlier than expected. This is because the entrepreneur is highly motivated to make the business work, and that inner drive is what makes it a success.
How many people are under a finance plan?
About 25% of new cryosauna owners receive financing, and surprisingly they are often those who are more successful in the long run. Part of that success is the fact that a cryosauna begins making a profit almost instantly. The other part of that is hard work. If you need financing it means that you are serious about your business, and if you have been in business for over a year then you are on your way to success.
Liquid nitrogen is completely safe when it is handled correctly. Like any element you must take precautions. In the industry it is usually electric cryotherapy manufacturers that will say liquid nitrogen is dangerous. But is this accurate? Is it a more affordable form of cryotherapy?
Is liquid nitrogen dangerous for cryotherapy?
Nitrogen is a natural element and is 78% of the air we breathe. Liquid nitrogen is extremely cold, and this is why it works for cryotherapy. While it can be dangerous if it contacts your skin directly it is not dangerous as a gas. Cryotherapy changes the liquid nitrogen into a cold gas, -230°F cold, and it safely fills the chamber without any liquid contacting the skin. Earlier cryotherapy machines using electricity to produce cold air could only reach -150°F. Engineers developed Nitrogen machines to give the coldest temperatures possible.
Didn’t someone die?
Yes. Someone actually died in a liquid nitrogen cryotherapy chamber in 2015. Her name was Chelsea Ake-Salvacion, and she was a manager at a health-spa. Chelsea did not die from freezing temperatures as some early news reports stated. She went into the cryotherapy chamber after hours unsupervised and attempted to run a session all by herself. While in the chamber she tried to take a photo and dropped her phone. When she bent down to grab her phone she accidentally asphyxiated herself and died. Authorities immediately shut down the clinic for not following basic safety procedures that prevent these tragedies. Cryosaunas now use even more safety features. Developers used “redundant safety” to prevent this from ever happening again, such as these examples here.
Why isn’t it FDA approved?
The FDA has not approved cryotherapy for a simple reason: it does not claim to cure or treat any disease. This applies for all forms of whole body cryotherapy, both electric and nitrogen gas. The FDA has written warnings about liquid nitrogen for all consumer businesses: restaurants, gyms, and spas. But it also states that it is not the FDA’s role to regulate it as it is not used to cure or treat a disease. Most incidents involving liquid nitrogen causing an injury are in bars: bartenders top off cocktails with liquid nitrogen for a “smoke” effect. They are supposed to tell the customer to wait until the vapor clears before drinking, but sometimes this doesn’t happen and someone is harmed. Injuries with cryosaunas are quite rare due to the safety features designed into the machine.
Cryotherapy chamber producers are continually creating innovative products designed to make the cryotherapy health experience better, safer and more enjoyable. With the latest in technology and client experience design, there are many choices out there for medical offices, gyms, spas and personal home use. Here we compare the CRYOCAB® by Cryo Manufacturing from France with a 2 year warranty and The Cryomed Pro ™ manufactured in Slovakia with a 3+ year warranty.
The CRYOCAB is a self diagnostic machine that offers many safety and versatility options for the professional and for the client, with state of the art technology. The Cryomed Pro offers multiple color and size choices for businesses to customize and brand, as well as long lasting design. Let’s take a look at all of the features available.
Equipped with innovative control and extraction devices guaranteeing total safety.
Sensors continually analyze the interior environment of the cabin and provide real-time information to the control system
Any abnormality (patient, oxygen, nitrogen) during the session is detected immediately, which stops the nitrogen flow and removes the nitrogen in the chamber immediately
Integrated LED light flashes in the event of an alarm.
A differential circuit breaker guarantees an additional level of safety. It is integrated into the electrical cabinet of the cabin located in the technical area.
Unlike other systems equipped with an electric lift to be adjusted for each person, the CRYOCAB® cabin is equipped with rising doors that allow to precisely adjust the cooling chamber to the size of the person. The doors are automatically placed at the shoulders before the diffusion of nitrogen. An innovation that offers extra comfort.
Extractors located at the top of the doors suck the rising nitrogen and stabilize the cloud below the face during the whole session- this protects that no nitrogen is accidentally inhaled.
An extractor located at the bottom allows the immediate evacuation of the nitrogen in case of opening of the doors or any other alert.
Customized color design: ability to customize the colors of the veneer, the type of upholstery, lighting and more
Remote control capabilities
Treatment data and information on clients is stored for comparisons at each visit
The CRYOCAB® cabin is equipped with sensors that constantly analyze the environment of the user and provide real-time security information to the control system
Cryomed Pro Features:
10″ inch TECO touch screen
Accident prevention system: open door sensor, patient‘s ultrasonic position sensor in the cabin, safety shut down with an effective ventilation system- remote controls
3 years warranty for components max. or 3000 procedures
Smart multimedia system with Full HD 10‘‘ inches tablet PC with USB port- Remote control from any device
Acoustic stereo system 2 × 120 watt
Wi-Fi or LAN Connectivity – easy updating of software and optimizing all the features
Active reporting system – current figures of the device sent directly into an email
Low nitrogen use
For Business use: Multiple customizable color choices for inside and out, customizable sizes, branding & mobile design capabilities
High-quality of industrial components and controllers (Teco, Schneider) are the guarantee of long-term lifetime of Cryomed Pro
Both cabins use electric lift platforms that adjust to account for the height of the client. These systems have one drawback: they break. Fixing a broken lift platform requires a dismantling of the cabin and a waiting period for parts. European systems require international shipping for any broken lifts. Advanced systems, such as Cryo Innovation’s XR Cryochamber use non-mechanical lifts that cannot break: sturdy pads that are stackable for the client to stand on (visible in the photograph here). Sometimes simple is better, especially when a spa has to cancel appointments due to a broken lift.
There are many great cryotherapy chamber options available on the market today, whether for a medical office, spa, gym, training center or even for your home. If you would like to learn more about the fantastic features of the CRYOCAB or Cryomed PRO, check out the links below.