In the U.S., millions suffer from arthritis pain. Annually, Americans spend $120 billion on treating the painful condition. Not to mention, another $80 billion is spent annually on treating back pain. If you want to work with a brand that helps alleviate pain through cryotherapy, then look no further than the Restore Hyper Wellness franchise. It was founded in Austin, Texas, in 2015 by Jim Donnelly, a tri-athlete who used cryotherapy as part of his recovery routine. The brand aims to make wellness affordable and accessible to those who need it. This is an attractive franchise opprotuntiy because the brand is working to be more innovative than the rest of the industry. As a franchise owner, you are also part of the industry's shift in consumer mindset. For example, there has been a shift from reactive pain treatment to proactive, preventative health and wellness. Consequently, out-of-pocket spending on proactive treatment is growing 5% annually. Furthermore, an accelerated area of spending are preventative therapies and medicines.
The brand has more than 100 locations across the U.S. and is looking to expand globally. The franchise recently secured a strategic partnership with Level 5 Capital Partners. As a franchise owner, you can expect an initial investment to range between $464,703 - $998,029, as well as an initial franchise fee of $44,500. You should also have a net worth of $750,000 and $200,000 in cash. You, your manager, estheticians, wellness representatives and nurses will all receive training. The franchise will also provide you with marketing tools, site selection and buildout assistance, and a success manager who will answer all of your questions.