Joseph Pepe, Sr. and Matthew Pepe Invest in iCRYO Cryotherapy
Leading Cryotherapy Franchise Adds Pepe Family as Equity Partners
August 15, 2019 // Franchising.com // HOUSTON - iCRYO Cryotherapy, the leading Cryotherapy franchise in the United States, announced today that Joseph Pepe, Sr. and Matthew Pepe will be joining the company as equity partners. The Pepe’s are experienced franchise owners and operators, who bring a wealth of knowledge to the iCRYO Cryotherapy team. Joseph Pepe, Sr. is well known for being the one of the first Planet Fitness franchise owners and has experienced tremendous success throughout his remarkable career. Joseph Sr. went on to own 34 Planet Fitness locations between Connecticut and North Carolina before selling the last of his locations in 2017.
After stepping away from Planet Fitness, the Pepe’s looked to Cryotherapy as a logical next step, going from managing fitness facilities to wellness and recovery centers. Vetting several Cryotherapy franchise opportunities with industry leaders, Joseph Sr. and Matthew chose to finalize their partnership with iCRYO.
In addition to signing as equity partners, the Pepe’s are also purchasing a multi-unit franchise in Raleigh, North Carolina, as well as receiving area development rights for the entire state of North Carolina. Matthew will be responsible for operations at those first two locations in the state.
iCRYO Cryotherapy offers Whole Body Cryotherapy, Localized Cryotherapy and Cryotherapy Facials, IV Hydration, Compression Therapy and Infrared Sauna, as well as Cryoskin Body Contouring services for body slimming and toning. A list of benefits from Cryotherapy include: muscle recovery, decrease in joint pain, immunity boost, stress relief, anti-aging, skin rejuvenation, metabolic boost and improved sleep.
“Matthew and I have been eager to bring our franchise and operational experience to the Cryotherapy industry,” said Joseph Sr., equity partner. “After careful vetting, we are thrilled to be joining iCRYO, both as partners and franchisees. We love the model and couldn’t be more optimistic.”
"iCRYO has built an outstanding business model, led by a team we truly believe in. I’m eager to bring my experiences to iCRYO and open locations in my home state of North Carolina,” said Matthew Pepe.
“Bringing Joseph Sr. and Matthew Pepe onboard iCRYO marks a monumental addition for our team,” said Kyle Jones, co-founder and COO of iCRYO Cryotherapy. “The Pepe family set the standard for franchise owners in the fitness industry and we know they will be a tremendous asset to our company as we continue our nationwide expansion. We are grateful to have them onboard and look forward to a great partnership.”
About iCRYO Cryotherapy
Headquartered in Houston, TX, iCRYO Cryotherapy is setting the standard for Cryotherapy nationwide. As the leading franchise in the industry, iCRYO Cryotherapy is an affordable, convenient and professional Cryotherapy franchise that offers Cryotherapy and other wellness services to the communities in which they are located. iCRYO offers a turnkey franchise system for Cryotherapy business owners. Whether it be a retail location or an addition to a gym or existing business, we have the systems and comprehensive training in place to provide safe Cryotherapy in your area. Our mission is to elevate the lifestyle of our team members and guests while raising the bar in the health and wellness market. To learn more, visit www.icryo.com.
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SOURCE iCRYO Cryotherapy