Cryotherapy is a rising trend for athletes, pain management, anti-aging, and a host of other health benefits. Skyler Scarlett and his sister Brittney Scarlett-Torres brought their cryotherapy spa machines to the tank, boasting all of the benefits that Americans could gain from more widespread cryotherapy. Will the sharks catch onto this cool trend on
Shark Tank Glace Cryotherapy Update
- Entrepreneurs: Skyler Scarlett and Brittney Scarlett-Torres
- Business: Cryotherapy spa machines
- Ask: $100,000 for 15% equity
- Result: $100,000 for 30% equity
- Shark: Barbara Corcoran
Skyler and Brittney’s pitch began with an at-home segment, during which Skylar explained that he was living in a barn on their mother’s property in order to give everything for the business. He fully believed that America was missing out on the great health benefits of cryotherapy, so he opened Glace Cryotherapy.
The cornerstone of the business was the cryo saunas, which could be used in fitness clubs, gyms, and spas. Skyler and Brittney wanted $100,000 for 15% of the company. The sharks seemed interested in the business at first.
During their demonstration, Robert Herjavec wanted to try the cryo sauna. He got a robe, gloves, and socks on, and climbed into the sauna for about three minutes. This was the maximum amount of time you could spend in the sauna safely. After he gets out, he tells them it was pretty cold but that he feels great.
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 expense was the gas it took to power the machines. Robert and Mark Cuban reassure the other sharks that the performers on Dancing with the Stars as well as the Mavericks use this to keep them going.
Kevin O’Leary, though, is less than impressed. He said he could go open up a shop and buy a machine, so they have nothing proprietary. He went out.
Mark went out too, stating that there are plenty of service businesses built on this model already. Robert said they’d need a good game plan to go national, but he didn’t see it.
Lori Greiner, on the other hand, didn’t think it was an investible business, so she went out. This left Barbara Corcoran as the only shark that could make a deal. She believed she could make it a million-dollar business. She offered $100,000 for 30% equity, and Skylar and Brittney agree! Where is the company now? Find out in our Glace Cryotherapy update.
Unfortunately, the deal with Barbara never closed. Skyler acknowledged this in a company Facebook post shortly after the episode aired.
In 2017, all four of Glace Cryotherapy’s locations went out of business. While Skyler has continued to consult for the Cryotherapy industry, Glace Cryotherapy machines are no longer available. This will be our final Glace Cryotherapy update.
Find out more about the other products featured in Season 7 Episode 20 by checking out our company updates. You can find them here:
For even more on companies and products, check out our Season 7 Products Page.
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Jennifer is an avid Shark Tank fan that has been watching the show for years. She serves as Senior Editor at Shark Tank Recap and ensures that all our information is accurate and that our posts are up to date. Her favorite Shark Tank products are Le-Glue and Ring!