CryoCove, LLC | Application Preview
CryoCove, LLC is seeking government grants to cover essential business expenses as it expands its presence in the health and wellness market. The company plans to enhance visibility through advertising, participation in trade shows, and promoting its new online store, in addition to relaunching its podcasts and social media commercials.
The rationale for funding approval is rooted in CryoCove's commitment to meeting public demand for health-boosting therapies. Their offerings include cryosaunas, infrared saunas, compression therapy, cold plunge, hyperbaric therapy, and red light therapy. The business has generated interest in franchising but lacks the necessary financial resources to pursue this opportunity at present.
In terms of competition, CryoCove faces challenges from nearby businesses like Restore, which focuses on hyperbaric therapy but does not offer multiple therapy options, and Aqua Float, which focuses on floatation therapy along with some similar offerings. Atlantic Chiropractic provides a single service that overlaps with CryoCove's offerings but lacks the comprehensive range.
CryoCove's competitive edge lies in its unique brand and diverse therapy options, catering to a wider range of special needs compared to competitors who typically concentrate on fewer services. By highlighting this uniqueness, the business positions itself to stand out in the health and wellness sector.
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General Information
Business Registration Number: 83-4432435
Location: Wilmington, NC, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: Less than $100k
Open to Loans: NO
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Funding Usage
To meet the necessary business expenses.
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Business Plan
By advertising and participating in trade shows. I just started an online store and am a distributor for our equipment suppliers. We also recently relaunched our podcasts and commercials on social media. CryoCove is filling a demand by the public for therapies boosting their health and wellness. We provide a cryosauna, infrared saunas, compression therapy, cold plunge, hyperbaric therapy, and red light therapy. We have developed a formula that has lead others to encourage us to franchise, however we are not financially equipped at this time.
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Self Identified Competition
Restore is a franchise that primarily focuses on Hyperbarics. But does IV therapy, which we do not. The closest location is over 2 hours away. Aqua Float has cryosauna and hyperbaric, but primarily provides floatation therapy, which we do not. Atlantic chiropractic has a cryosauna but has no other therapies. CryoCove is an original and unique brand. We were slated to become the first franchisee of Cryoshift, however we were prepared to open before the Franchisor was ready. We provide more therapies to accommodate more special needs rather than focusing on just one or two
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Contact Applicant
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