Restore Hyper Wellness
About Restore Hyper Wellness
Company overview
Restore Hyper Wellness (d/b/a of Austin Cryo Ventures LLC) is a proactive healthcare and wellness company founded in 2015 by Jim Donnelly and Steve Welch, with its headquarters located in Austin, Texas. Austin Cryo Ventures LLC was registered as a Delaware limited liability company on October 7, 2014. Originally established under the name Restore Hyper Wellness + Cryotherapy, the company transitioned to its current branding in 2022 as it expanded into a national franchise network. The brand's franchise operations is operated under Restore Franchising LLC, a Texas limited liability company formed on November 14, 2016. Among all locations, approximately 95% are franchised-owned and operated, while a small selection remains company-owned flagship studios. The organization provides a range of specialized health modalities designed to address chronic pain, enhance athletic recovery, and promote longevity. After experiencing growth from its initial location in Austin, the firm accelerated its expansion as a franchise entity and secured significant strategic investments to develop its proprietary "Hyper Wellness" category of care. Business/Product Breakdown Restore Hyper Wellness provides an array of wellness therapies and medical services integrated within a single retail studio environment, primarily serving individuals seeking proactive health maintenance. The company's core offerings include whole body cryotherapy, which utilizes sub-zero temperatures to manage inflammation and boost mood, alongside red light therapy, infrared saunas, and compression therapy. Their medical-focused services encompass IV drip therapy and intramuscular (IM) shots for nutrient replenishment, mild hyperbaric oxygen therapy to increase oxygen flow, and biomarker assessments to inform personalized health plans. Additionally, the company offers skin health treatments such as HydraFacials, Neveskin cryotherapy-based facials, and body contouring services. Access to these modalities is facilitated through a tiered monthly membership model that provides credits for various therapies and exclusive pricing on specialty services, though walk-in appointments are also available.
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Revenue
EBITDA
Valuation
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenues | $380 MM | $250 MM | $90 MM | $120 MM | $65 MM |
| Gross Profit | $190 MM | $125 MM | $45 MM | $60 MM | $32.50 MM |
| Net Income (Loss) | $43 MM | $25 MM | $9 MM | $12 MM | $6.50 MM |
| Line Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total Assets | $850 MM | $720 MM | $680 MM | $650 MM | $600 MM |
| Total Liabilities | $450 MM | $400 MM | $380 MM | $350 MM | $320 MM |
| Total Equity | $400 MM | $320 MM | $300 MM | $300 MM | $280 MM |
Ratios
Employee Figures
Key Executives
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401K
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
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