Austin-based proactive health and wellness company signs multi-unit, national agreement
Austin, Texas – January 11, 2021 – Restore Hyper Wellness + Cryotherapy (Restore) has signed an agreement with Level 5 Capital Partners (Level 5) for 60 new stores over the course of the next 9 years.
Level 5 joined Restore as an investment partner in 2020 with an $8 million capital investment. This 60-store development deal marks another $1.2 million investment in Restore and Level 5 will become the largest current franchise owner for the company.
Restore has become the market leader in proactive wellness – one of the fastest-growing segments of healthcare. Their services offer relief from chronic pain, accelerated injury recovery, improved athletic performance, enhanced immune wellness and healthspan longevity. The company currently has over 70 open locations across the country.
“The Level 5 team is proud to strengthen its partnership with Restore through this development deal,” says Chris Kenney, Managing Partner of Level 5. “Restore is delivering an exceptional and unique approach to proactive wellness in a way that generates significant value for its members and its franchisees. We are excited to be a continued part of helping Restore change lives across the country through health and wellness.”
The Level 5 franchise locations will be located in markets across the country, including Atlanta, Washington D.C., Dallas, Houston, Minneapolis, Los Angeles and San Jose.
Jim Donnelly, CEO and Co-Founder of Restore, states, “We are committed to growing our reach so that every community has access to a Restore, so they can live healthier, feel better and do more of what they love to do. Our partnership with Level 5 helps us achieve that goal faster. We could not be happier to have found a partner like Level 5 who believes wholeheartedly in our mission to make Hyper Wellness accessible to everyone.”
About Restore Hyper Wellness + Cryotherapy
Launched in Austin, Texas in 2015, Restore Hyper Wellness + Cryotherapy (Restore) is the leading retail provider of Hyper Wellness® services in the United States. As a comprehensive health and wellness center, Restore provides whole body and localized cryotherapy, IV drip therapy, stretch therapy, Cryoskin Facials, Slimming and Toning, mild hyperbaric oxygen therapy, infrared sauna, red and near infrared light therapy, compression therapy and micronutrient testing. In its efforts to make wellness treatments more affordable and accessible for everyone, Restore is dedicated to helping as many people as possible feel better, so they can do more of what they love.
About Level 5 Capital PartnersLevel 5 Capital Partners was founded in 2009 by Fortune 1000 retail services and technology executives to invest in high-end wellness and lifestyle offerings with a focus on yoga. The Level 5 team expanded an investment to build one Core Power Yoga studio into CorePower Yoga’s largest franchisee with 34 locations and the third-largest national yoga studio operator in less than a decade. Level 5 also has investments in a leading franchisee of Orangetheory® Fitness with operations in the Michigan area and Big Blue Swim School, a fast-growing franchisor. Level 5 developed scalable local market expertise by investing in our people and a centralized operating platform, which we seek to leverage for our portfolio of Level 5 companies and concepts.