Glace Cryotherapy Shark Tank Net Worth 2023
The company valuation was $666,667 during the pitch; however, following the pitch it had drastically dropped to $333,333. Unfortunately, as the company went out of business in 2017, its net worth is now unavailable.
What is Glace Cryotherapy?
Glace Cryotherapy, also known as Cryotherapy, is a method that involves freezing your body’s cells to -140 degrees Celsius.
This results in the particles freezing and dying, allowing them to be removed from your body. Athletes are increasingly using Cryotherapy to help relieve pain and inflammation.
The purpose of the procedure is to lower the body temperature so that blood can flow to the core of the body, which becomes highly oxygenated and nutrient-rich.
Skyler Scarlett and Brittany Scarlett-Torres are the siblings who founded Glace Cryotherapy. Cryotherapy has gained popularity in recent years and is now widely used in Japan, Europe, and the United States.
Cryotherapy was invented in Japan over 30 years ago to treat arthritis, but it has only recently gained popularity in the United States.
Skyler first learned about Cryotherapy in 2011, and he enlisted the help of his sister to start Glace Cryotherapy in Carmel, CA in October 2014 when he realized it was a potential business opportunity. Since then, they have opened six additional franchised locations, including one in Florida, one in Oregon, one in Nevada, and three more in California.
According to the manager of the San Jose site, her Cryotherapy treatments helped her lose 15 pounds, with each session burning up to 800 calories.
Many elite athletes, including LeBron James, Floyd Mayweather, and several NFL players, swear by the anti-inflammatory properties of Cryotherapy.
Glace Cryotherapy uses Impact Cryotherapy Equipment and offers franchisees a unique discount when purchasing. They claim to be the leading Cryotherapy spa in the market and offer discounted prices on gas, insurance, and their booking system.
Various studies have highlighted the benefits of Cryotherapy, with proponents claiming that it can aid in pain management, weight reduction, anti-aging, stress relief, detoxification, energy increases, improved sports performance, heightened mood, and improved skin, hair, and nails.
What Happened to Glace Cryotherapy at Shark Tank Pitch?
Skyler Scarlett and her sister Brittney Scarlett-Torres present Glace Cryotherapy, a franchised retail Cryotherapy clinic, in Season 7 Episode 20 of Shark Tank, demonstrating how to use cryotherapy to improve health.
They aim to grow their business with the help of a Shark, as Cryotherapy spas are a rapidly growing industry that could have 3000 locations throughout the US in a few years.
Skyler recognized an opportunity and took a risk to start the company, even living in a barn on her mother’s farm and making sacrifices. They are seeking $100,000 for a 20% stake in their company, which is valued at $666,667.
During the pitch, the sisters turn on the cryosauna and explain its benefits to the Sharks. Robert decides to try it and enters the cryosauna, claiming to feel great after exiting.
Glace has made $140,000 in sales with a profit of $115,000, but the gas used to power the cryosauna is their most expensive expenditure, with each device costing $55,000.
While Mark and Robert opt out of investing, Lori does not see it as a worthwhile investment opportunity. Barbara sees potential in the company and makes an offer of $100,000 for a 30% equity share, which the sisters accept, closing the deal and walking out of the presentation with Barbara as their partner.
Competitors of Glace Cryotherapy
There are many competitors of Glace Cryotherapy in the market space. These are; Aculaser Institute, Pwdsa Shunning Drugs, DAWO LA HUBO, Nuga Best KENYA, N Health & Wellness Centre, Tabibu Cures International, and Natural Healing & Wellness Alternatives among others.
Net Worth of Glace Cryotherapy
The company valuation was $666,667 during the pitch, after the pitch the company was valued at $333,333.
Since the company went out of business in 2017 the company’s net worth is unavailable.
Glace Cryotherapy Shark Tank Updates
Skyler Scarlett and Brittney Scarlett-Torres pitched their franchised retail cryotherapy spas, Glace Cryotherapy, in Shark Tank episode 720. Cryotherapy involves submerging a person in freezing nitrogen air using a sauna or booth that creates cold air.
The procedure alleviates inflammation, treats pain naturally, and increases energy levels. Cryotherapy stimulates the production of collagen. Glace Cryotherapy had $140,000 in sales at the time of filming, with about $115,000 in profits. Each machine cost $55,000, but their largest.
Barbara Corcoran agreed to invest $100,000 for 30% equity in Glace Cryotherapy. However, the deal with Barbara never closed, and they did not partner with her or receive any funding. It is unclear what happened to Glace Cryotherapy after Shark Tank, as there are no recent updates available.
Glace Cryotherapy Shark Tank Table Summary:
| INFORMATION | DETAILS |
| Company Name | Glace Cryotherapy |
| Founders | Skyler Scarlett and Brittany Scarlett-Torres |
| Method | Whole-body cryotherapy |
| Benefits | Pain management, weight reduction, anti-aging, stress relief, detoxification, energy increases, improved sports performance, heightened mood, and improved skin, hair, and nails |
| Shark Tank Valuation | Valuation was $666,667 during the pitch, Barbara Corcoran offered $100,000 for a 30% equity share |
| Competitors | Aculaser Institute, Pwdsa Shunning Drugs, DAWO LA HUBO, Nuga Best KENYA, N Health & Wellness Centre, Tabibu Cures International, and Natural Healing & Wellness Alternatives |
| Net Worth | Unavailable as the company went out of business in 2017 |
| Shark Tank Pitch | Seeking $100,000 for a 20% stake, valuation $666,667; Barbara Corcoran offered $100,000 for 30% equity, which was accepted |
| Shark Tank Update | Barbara Corcoran agreed to invest $100,000 for 30% equity, but the deal never closed and they did not receive funding. No recent updates are available. |
Glace Cryotherapy FAQs
What Is Glace Cryotherapy, Founder, and How Does Glace Cryotherapy?
Glace Cryotherapy is a company that offers whole-body cryotherapy, which is a form of treatment in which a person steps into a chamber and is exposed to extremely cold, dry air. The company was founded in 2014 by Brittney and Skyler Scarlett, who call themselves the “Ice Siblings”.
Glace Cryotherapy was one of the companies featured on an episode of Shark Tank and made a deal with investor Barbara Corcoran for $100,000 for 30% of the company.
Cryotherapy is believed to reduce muscle inflammation and is a big trend in California, where everyone from professional athletes to Real Housewives of Beverly Hills goes on a regular basis. Glace Cryotherapy was one of the first standalone cryotherapy centers in the United States.
The company offers a range of cryotherapy services, including whole-body cryotherapy, localized cryotherapy, and cryofacials.
Whole body cryotherapy involves standing in a chamber for 2-3 minutes while being exposed to extremely cold, dry air. Localized cryotherapy involves applying cold air to specific areas of the body, while cryofacials involve applying cold air to the face.
The Scarlets founded Glace Cryotherapy with the goal of making cryotherapy more accessible to the general public.
How Much Were Glace Cryotherapy Asking On Shark Tank?
The deal made on Shark Tank for Glace Cryotherapy was $100,000 for 30% equity with Barbara Corcoran. However, another source states that the deal was $100,000 for 15% equity.
The company was valued at $666,667 during the pitch, but after the show, it was valued at $333,333. As of a previous update, Glace Cryotherapy had made $140,000 in sales with $115,000 in profit.
How Much Was The Glace Cryotherapy Deal?
The deal made on Shark Tank for Glace Cryotherapy was $100,000 for 30% equity with Barbara Corcoran. However, another source states that the deal was $100,000 for 15% equity.
The company was valued at $666,667 during the pitch, but after the show, it was valued at $333,333. As of a previous update, Glace Cryotherapy had made $140,000 in sales with $115,000 in profit.
What Happened To Cryotherapy After Shark Tank?
Glace Cryotherapy, a franchised retail cryotherapy spa, appeared on Shark Tank in 2016 and made a deal with Barbara Corcoran for $100,000 for 30% equity. However, one of the co-founders, on the company’s Facebook page, the deal with Barbara never closed, and they did not receive any funding.
In 2017, all four of Glace Cryotherapy’s locations went out of business. However, Skyler Scarlett has continued to consult for the cryotherapy industry. Glace Cryotherapy involves submerging a person in freezing nitrogen air using a sauna or booth that creates cold air.
The procedure alleviates inflammation, naturally treats pain, and increases energy levels. Cryotherapy stimulates the production of collagen. Professional athletes and celebrities, such as the Real Housewives of Beverly Hills, are known to frequent Glace Cryotherapy.
Is Glace Cryotherapy Still In Business?
No, Glace Cryotherapy is no longer in business. In 2017, all four of its locations closed down. Despite its appearance on Shark Tank and a deal offered by Barbara Corcoran, the company was unable to sustain its popularity and hype.
Skyler Scarlett, one of the co-founders, now works as a full-time consultant for the cryotherapy industry.
How does it work?
It works by putting you in the cryosauna for about three minutes.
Does it hurt when you get out?
The feeling that the customer feels after getting out from the cryosauna isn’t pain. It feels like they are just coming out of deep sleep or they might feel fatigued and tired after being inside.
What is the official website?
The Glace Cryotherapy website is http://www.glacecryotherapy.com/ but currently unavailable.
Is Glace Cryotherapy better than laser?
Faster, cheaper, and safer than lasers, with no side effects.
How long does it take to work?
The treatment takes just three minutes and there are very few things that can be compared with the results of the cryosauna.
It’s been used by some professional athletes in their rehabilitation process.
Who should apply for the Glace Cryotherapy franchise?
The franchise of this organization is open to anyone who can run a business. The main requirement is to have a passion for serving others and providing the best services to the customers.
Is Glace Cryotherapy safe?
Glace Cryotherapy is done in a laboratory, so it’s not difficult to find out how safe it is.
The scientists who are doing this kind of research are some of the smartest ones around and they take steps to see that this occurs without hurting you or anyone around you.
What is the net worth of Skyler Scarlett?
Skyler Scarlett’s Net worth is not known.
What is the net worth of Brittney Scarlett?
Brittney Scarlett’s Net worth is not known.
