iCRYO franchise
2022 filing · May 13, 2022GrowingShares sales figures
iCRYO at a glance
A wellness center offering cryotherapy and other health and wellness services. At the end of 2021 there were 17 iCRYO locations in the US, 14 franchised and 3 company-owned.
The business
- Franchisor
- iCRYO Franchise Systems, LLC
- The company that sells the franchises
- Current franchisor selling since
- 2020
- 2 years of selling franchises
- Franchisor based in
- Houston, Texas
- Typical size
- 2,000–3,500 sq ft
What you pay
- Cost to open
- $428K–$1.13M
- Fee, build-out and opening working capital
- Franchise fee
- $49,500
- Paid once, when you sign
- Royalty
- 5%–6.5%
- 6.5% of gross revenue until the year's revenue reaches $750,000, then 6% to $1.25 million, 5.5% to $2 million and 5% above that, paid weekly, with a minimum royalty
- Brand fund
- 1%
- 1% of gross revenue; it can rise to 2%
- Renewal fee
- See terms
- 50% of the then current initial franchise fee.
- Agreement length
- 10 years
- Territory
- Limited
- Limited protection
- Franchisor financing
- None offered
Where it is
- US locations, 2021
- 17
- Franchised and company-owned
- Franchised
- 14
- Company-owned
- 3
- Change in 1 years
- +12
- Franchised locations, 2019–2021
- States
- 8
- Most in Texas, New York and Florida
Support and records
From iCRYO Franchise Systems, LLC’s 2022 filing; SBA status from the SBA Franchise Directory, October 28, 2026.
Where it ranks
iCRYO among all franchises with the same figure.
| Figure | iCRYO | Among all franchises |
|---|---|---|
| Cost to open, midpointHalfway between the low and high estimate | $776,500 | Costs more than 78% of franchises |
| Franchise feePaid once, when you sign | $49,500 | Higher than 64% of franchises |
| RoyaltyShare of sales paid to the franchisor | 6.5% | Higher than 68% of brands with a set rate |
| US locationsFranchised and company-owned | 17 | Fewer than 53% of franchises |
How much a iCRYO franchise costs
Opening one iCRYO costs an estimated $427,500 to $1,125,500. That covers the franchise fee and everything else needed to open, through the first months of working capital.
The biggest costs are construction, leasehold 2 improvements ($10,000 to $450,000) and furniture, fixtures and 3 equipment ($300,000 to $425,000). Here is every line of the estimate as filed:
| What it pays for | Range | Low | High |
|---|---|---|---|
| To be Made 1 Initial Franchise Fee | $20,000 | $49,000 | |
| Construction, Leasehold 2 Improvements | $10,000 | $450,000 | |
| Furniture, Fixtures and 3 Equipment | $300,000 | $425,000 | |
| Signage | $20,000 | $40,000 | |
| Computer,Softwareand 5 Point of Sales System | $3,000 | $6,000 | |
| Initial Inventory | $10,000 | $15,000 | |
| Rent Deposits | $5,000 | $16,000 | |
| Utility Deposits | $0 | $1,000 | |
| Insurance Deposits and 8 Premiums | $5,500 | $10,000 | |
| Pre-opening Travel 9 Expense | $2,000 | $5,000 | |
| Pre-Grand Opening Advertising and Grand Opening Advertising | $15,000 | $30,000 | |
| Professional Fees | $1,000 | $3,000 | |
| Business Permits, Fees, and 11 Licenses | $1,000 | $10,000 | |
| Additionalfunds – 3 12 Months | $35,000 | $65,000 | |
| Total | $427,500 | $1,125,500 |
Source: iCRYO Franchise Systems, LLC, 2022 filing, page 25
iCRYO franchise fee
The franchise fee is $49,500. You pay it when you sign the franchise agreement.
Source: iCRYO Franchise Systems, LLC, 2022 filing, page 17
Royalty and ongoing fees
| Royalty | 6.5% of gross revenue until the year's revenue reaches $750,000, then 6% to $1.25 million, 5.5% to $2 million and 5% above that, paid weekly, with a minimum royalty. |
|---|---|
| Brand or marketing fund | 1% of gross revenue; it can rise to 2%. |
| Renewal Fee | 50% of the then current initial franchise fee. |
The typical franchise royalty is 6% of sales, plus 2% for marketing. See franchise fees and royalties to compare.
Source: iCRYO Franchise Systems, LLC, 2022 filing, page 20
Other fees as filed, from page 21. The filing lists every fee, including late fees and audit costs.
Sales and earnings
Shares figures iCRYO publishes sales or earnings figures for its locations. The full tables, with notes on which locations are counted, are in its filing.
Source: iCRYO Franchise Systems, LLC, 2022 filing, page 65
SBA loans to iCRYO franchisees
Lenders approved 38 SBA 7(a) loans for iCRYO franchisees from 2018 to 2025, $29.3M in all. All 6 that have ended were paid in full; none was charged off. The other 32 haven’t ended yet.
A charged-off loan is one written off as uncollectible. See SBA franchise loans for how 7(a) and 504 loans work.
Source: SBA 7(a) and 504 loan data, as of September 30, 2026
How iCRYO compares
Of the 121 spa franchises on this site, iCRYO is the 74th cheapest to open and the 38th largest by number of locations.
| Figure | iCRYO | Typical spa brand | Typical franchise |
|---|---|---|---|
| Cost to open, low end | $428K | $334K | $222K |
| Cost to open, high end | $1.13M | $670K | $477K |
| Franchise fee | $50K | $50K | $40K |
| Royalty | 6.5% | 6% | 6% |
| Brand fund | 1% | 2% | 2% |
| US locations | 17 | 9 | 21 |
| Closed or left per year | 0% | 2.1% | – |
| Change in franchised locations, 1 yrs | +600% | +25.6% | – |
| Shares earnings figures | Yes | 85 of 121 | 2,147 of 3,352 |
Typical is the median across the 121 brands in spa franchises; typical franchise, across every brand here.
Locations opened and closed
| Year | Franchised | Company-owned | Opened | Closed |
|---|---|---|---|---|
| 2018 | 2 (+2) | 1 | – | – |
| 2019 | 4 (+2) | 1 | +2 | 0 |
| 2020 | 9 (+5) | 2 | – | – |
| 2021 | 14 (+5) | 3 | – | – |
Closed or left counts terminations, non-renewals, locations bought back by the franchisor and locations that stopped operating.
See which brands grew most in the fastest-growing franchises rankings.
More in the guides: franchise failure rates.
Over 4 years, from the start of 2018 to the end of 2021, franchised locations went from 0 to 14 (+14). The earlier years come from the brand's 2021 filing.
Source: iCRYO Franchise Systems, LLC, 2022 filing, page 69
2018: iCRYO Franchise Systems, LLC, 2021 filing, page 67
Where iCRYO locations are
At the end of 2021, iCRYO had locations in 8 states. The most are in Texas, New York and Florida.
- Texas6
- New York3
- Florida2
- North Carolina2
- Ohio2
- Connecticut1
| State | Franchised | Company-owned | Total |
|---|---|---|---|
| Texas | 3 | 3 | 6 |
| New York | 3 | 0 | 3 |
| Florida | 2 | 0 | 2 |
| North Carolina | 2 | 0 | 2 |
| Ohio | 2 | 0 | 2 |
| Connecticut | 1 | 0 | 1 |
| Indiana | 1 | 0 | 1 |
| South Carolina | 1 | 0 | 1 |
Source: iCRYO Franchise Systems, LLC, 2022 filing, page 71
Who owns iCRYO?
iCRYO franchises are sold by iCRYO Franchise Systems, LLC.
From iCRYO Franchise Systems, LLC’s 2022 filing.
Lawsuits and bankruptcy
| Lawsuits and regulatory actions | Yes. The filing describes past or pending cases involving the franchisor, its affiliates or its executives on pages 16–17. |
|---|---|
| Bankruptcy | None. The filing says no bankruptcy has to be disclosed. |
Franchisors must disclose lawsuits and bankruptcies involving the company, its parents and affiliates, and its executives. Many cases are routine disputes with franchisees over fees or contracts; read the descriptions in the filing and ask current owners about anything that worries you.
Source: iCRYO Franchise Systems, LLC, 2022 filing, litigation on pages 16–17, bankruptcy on page 17
iCRYO filings
A franchisor files a new disclosure each year it sells franchises. The figures on this page come from iCRYO Franchise Systems, LLC’s 2022 filing, issued May 13, 2022; the earlier ones below are on record with the NASAA Electronic Filing Depository and fill in older location counts.
| Filing | Issued | Registry | On this page |
|---|---|---|---|
| 2022 filing | May 13, 2022 | NASAA depository | Costs, fees and locations, 2019–2021 |
| 2021 filing | November 4, 2021 | NASAA depository | Locations, 2018 |
Each link opens the filing as a PDF. See the newest filings across all brands.
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