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May 27, 2024, 12:18 am UTC

83-2346599 | Government Grant Application

Cryofit LLC | Application Preview

  • General Information

    Business Registration Number: 83-2346599

    Location: New Port Richey, Fl, United States

    Length of Operation: 1-5

    Number of Employees: 1-10 Employees

    Annual Gross Income: $250k to $500k

    Annual Gross Expense: $250k to $500k

    Open to Loans: YES

  • Funding Usage

    Elimination of SBA Loan ($57, 800) Elimination of Home Equity Loan / Line of Credit ($250,000) Purchase of new equipment: Electric Cryochamber (replacing nitrogen system) - $195,000 Installation of Equipment - $14,500 Debt Removal of Company CC - $30,000 (this is caused by the increase cost of Nitrogen and Nitrogen Delivery)

  • Business Plan

    Cryofit LLC is currently positioned within a phase of substantial growth, evidencing a robust expansion trajectory. Our business model bifurcates into two distinct but synergistically operating segments. The proprietary arm of our enterprise, Cryofit LLC, retains full ownership over the requisite equipment, oversees all operational aspects, and assumes the associated financial liabilities. Concurrently, we operate a non-profit entity structured to provide services akin to those under a General Services Administration (GSA)-like schedule, in alignment with our for-profit operations. This philanthropic division is dedicated to offering complimentary services to veterans, active military personnel, law enforcement officers, and firefighters, thereby underscoring our commitment to social responsibility. Our financial landscape currently illustrates a revenue composition of approximately 30% derived from activities categorized under the 501(c)(3) non-profit status, juxtaposed with a 70% revenue inflow from independent transactions facilitated by Cryofit LLC's for-profit endeavors. The preceding biennium marked a period of remarkable acceleration in our growth rate, surging by over 200%. The subsequent fiscal year continued to showcase positive momentum with an expansion exceeding 9%, and projections for the current year anticipate an escalation in growth exceeding 16%. A notable aspect of our growth strategy includes leveraging the extensive veteran community we serve. This demographic is increasingly accessing available funding opportunities, further amplified by the introduction of an additional fundraising initiative this year. This effort is projected to augment our organization's financial resources by an additional $21,000. Moreover, a strategic focus on reducing operational expenditures, specifically those associated with nitrogen costs, is anticipated to significantly enhance our profitability margins. This comprehensive approach to growth, community service, and operational efficiency underscores Cryofit LLC's commitment to sustained expansion and societal contribution. As the pioneering wellness facility in our domain, CryoFit LLC takes pride in offering a diverse array of modalities unparalleled in the industry, further enhanced by our dedication to philanthropy through our 501(c)(3) division. This division is committed to raising funds to support our esteemed Hero Community, encompassing veterans, military personnel, law enforcement officers, and firefighters. In pursuit of extending our impactful model, we have inaugurated a franchise program, empowering individuals to establish facilities mirroring the ethos and services of our flagship location. Our pioneering franchise is already operational 45 minutes north of our main facility, and we are in advanced discussions to open five more locations, with three in Florida, one in Arkansas, and one in South Carolina. Distinct from other holistic wellness facilities, CryoFit LLC eschews shortcuts for quick profit. Our operational model is predicated on lean management and integrity, offering a reputable and vital service to those in need. Our non-profit arm's effectiveness is evidenced by compelling testimonials on our website, www.cryoeeze22.org, and we have cultivated a robust following within the community, including endorsements from our congressman, state representatives, and local councils. Moreover, we have engaged in partnerships with several businesses to offer comprehensive wellness programs to their employees. To further our mission of providing a source for improved quality of life and addressing the critical issue of suicide within our Hero Community, we are actively seeking support to expedite our growth and broaden our reach. Additionally, we are at the forefront of innovation, collaborating with manufacturers to develop proprietary technology that addresses identified gaps within the wellness industry. This initiative not only underscores our commitment to advancing wellness solutions but also positions CryoFit LLC as a leader in both service and innovation within the wellness sector.

  • Self Identified Competition

    Restore represents a franchise model within the wellness industry that has secured substantial funding, enabling the acquisition and transformation of small wellness centers into standardized franchise operations. Despite its financial backing, Restore has faced criticism for its operational practices, which include the implementation of shortcuts that prioritize profit margins over client well-being, often resulting in services that have been characterized by clients as yielding merely placebo effects. iCRYO stands as the preeminent franchise organization in the wellness sector, boasting the largest network of wellness facilities. My relationship with the CEO of iCRYO is notably close, and he has expressed admiration for our unique approach. The leadership of iCRYO acknowledges that our strategic direction significantly diverges from their go-to-market (GTM) strategies, which predominantly target high-income demographics and emphasize aesthetic appeal over holistic wellness. In the state of Florida, while there are a handful of wellness facilities, none can match the breadth of solutions offered by CryoFit LLC and CryoEeze22 Inc. Moreover, the depth and expertise of our operating boards set us apart from these competitors. Our unparalleled array of modalities, coupled with our commitment to philanthropy through our 501(c)(3) division, positions us without peer, at least within the United States, in terms of the comprehensive wellness solutions we provide. This distinct positioning underscores our leadership and innovation in the wellness industry, setting a benchmark for quality and diversity of service that remains unmatched. Please refer to the preceding discussion. Our organization distinguishes itself through profound community relationships, the esteemed composition of our board members, and the meticulous design of an auditable 501(c)(3) entity dedicated to our mission—a combination that is unparalleled in the United States. This unique constellation of attributes underlines our commitment to transparency, accountability, and service, ensuring that our operations and mission stand without comparison across the nation.

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