Something in the world of floating have you stumped?
Show Highlights
It gets a little tricky sometimes starting an alternative wellness business. Should you offer other services? Should you only have float tanks? Which situation is right for you. Fortunately, you can listen to this episode and get some insight into this exact conversation.
Listen to Just the Audio
Transcription of this episode… (in case you prefer reading)
Graham: Today’s question is, “Would you say that most float centers can be profitable stand-alone operations, or do they work best when paired up with other services? Massage, chiropractics, spa, etc.”
Ashkahn: So.
Graham: So the first part is would we say that?
Ashkahn: Would we say that? Okay.
Graham: I probably wouldn’t say that. Wait, what was the question again?
Ashkahn: You wouldn’t say float tanks work-
Graham: They can. Sorry I got distracted by the massage. I would say that they work either way.
Ashkahn: I would hope so. Because we run a float center, that doesn’t have any other services. So if you didn’t think that could work, we’re in some trouble.
Graham: Yep. So I would say there’s probably a couple of caveats to that. Like, number of tanks that you have and whether or not you want to get out of the business, or you’re running this more as a lifestyle-type of thing and want to be working your business, right?
Ashkahn: Yeah. I feel like anything can work if you care about it. You know, if you’re really into massage and you’re really into acupuncture, and you’re into floating, and you’re willing to put in the time to do all that stuff well, that can work.
If you’re really into float tanks and you don’t know anything about massage, and you’re like maybe I should just throw a massage thing in there too because that makes sense, I feel like that’s one of the variables that leads to success or failure more than the idea of a float center with multiple services or a single service.
Graham: Anything can not work, is what you’re saying?
Ashkahn: Anything can not work, and anything can work. I think you just have to be interested in doing it and be passionate about it.
Graham: I think, once you get above three float tanks, as a stand-alone center, that works a little better in my opinion. Especially when you get down to under three float tanks, you’re talking about one or two tanks, there’s no other services, that’s all you’re doing is one or two float tanks.
Ashkahn: Yeah.
Graham: I usually warn people against that. I feel like that’s the danger zone.
Ashkahn: It can be tough. It can just be hard to make enough money to-
Graham: I mean, at that point it feels like just having a float tank in your house and sharing it with people.
Ashkahn: Right, like you’re not going to be able to hire people. You’re working that kind of business yourself.
Graham: Yeah. So, that’s the time where I would say, again, it’s the danger zone. Not to say that it couldn’t work, if you can book that thing up with people paying $150 per float, then you can totally run a profitable business with a single float tank. But it’s gonna be way harder.
And that is where I see massage and chiropractics, specifically from the financial standpoint, being able to come in and balance that and their other services. If your passion is other stuff, and you just want to have a float tank or two to make it available to people, that’s when you should have one or two float tanks.
Ashkahn: Yeah, and I guess usually the worst float tanks I see out there, commercially operated, are by a place that has a big spa with a bunch of different services, and they have one float tank-
Graham: Yeah.
Ashkahn: And they generally don’t know much about it, the staff doesn’t know exactly how to clean it, maintain it, operate it, that sort of stuff. I’ve definitely been to a couple of spas where they have a whole number of devices, and this seemed like one of the other things. They’re like oh, cool, I’ll buy this float tank and put it in-
Graham: And not realizing how completely insane that proposition was, yeah.
Ashkahn: Yeah, maybe there are other devices out there that are easier to handle and they really are just set it and forget it kind of things. But a float tank is not like that. And that’s probably, of all the places I’ve gone to float around the world, those are the worst float centers I’ve seen. Places where it’s just one of a number of services and they clearly haven’t put a lot of time and effort into understanding it and properly taking care of it.
So, it goes both directions as well. But those people probably aren’t listening to this podcast either, so we can’t quite reach them.
Graham: If you get up to the point where you have four or five float tanks and you’re wondering if four, five, six float tanks with the whole wing of massage and additional services versus just those float tanks is going to be more successful? I don’t think there’s any way to tell. I think both are just as likely to succeed as each other.
Ashkahn: Yeah. But, I mean it’s certainly possible to run a center with just float tanks. We do it, there’s another handful of places around North America and the world that do just that.
Graham: A fair amount, actually.
Ashkahn: Yeah.
Graham: There’s a lot of float centers out there, that’s all they do. Designated floating.
Alight, good question.
Ashkahn: Great. If you have other questions out there you can hop onto floattanksolutions.com/podcast and that’s it for today. Talk to you tomorrow.
Recent Podcast Episodes
Surface Disinfectant for Tank Walls – DSP 335
What’s the best way to clean the inside of a float tank? And what sort of product should you use?
It turns out that this deceptively simple line of questioning has a major explanation involved. Ashkahn and Graham share what they’ve learned at the World Aquatic Health Conference about surface disinfectant and the best way to protect your float rooms.
Putting a Shower in A Separate Room – DSP 334
Most float centers run a tight schedule with narrow margins for the transitions between floats. Oftentimes relying on their customers to take reasonably timed showers to fit that schedule. If a single customer takes a shower that’s a bit too long, it can throw of the schedule for the rest of the day!
What if showers were in a separate room? Then customers could shower as long as they want! Ashkahn and Graham explain why this is an extremely bad idea.
Having Doors Open into the Hallway – DSP 333
Float centers, more so than some other brick and mortar businesses, tend to be desperate for maximizing the efficiency of their space. And float rooms would have so much extra space if they didn’t have to deal with a door swinging in and out all the time. Why don’t float centers do it this way instead?
Well… Graham and Ashkahn explain exactly why centers don’t do this already, along with the vast majority of other buildings being made currently. It’s likely a code violation and even if it weren’t, it’d probably be unnecessarily hazardous to travel through your center that way.
Using H2O2 Instead of Chlorine – DSP 332
Let’s say you buy a center and want to use H2O2 instead of the chlorine that was being used by the previous owner. Or maybe you want to switch over to H2O2 after using chlorine for a while. Let’s further assume that this is in compliance with your health department and your UV system is sized adequately. What else do you need to know to make this happen? Do you need to change the water?
Ashkahn and Graham lay out all the things to consider and why someone may or may not want to replace the solution in their tank at the same time as replacing the water treatment method in a float tank.
How to Sell a Float Center – DSP 331
It’s not an easy decision to sell a float center. But when you do come up to that point, what do you do? Who do you talk to and how does it work? Should you hire on a broker? What sort of timeline should you expect?
Having never sold a business, Graham and Ashkahn aren’t exactly experts on the subject, but they offer informed advice on where to sell and how long it’ll probably take.
Latest Blog Posts
The Relationship Between the MAHC and Float Tanks
The MAHC stands for the Model Aquatic Health Code. This is a document put out by the Centers for Disease Control that is a set of guidelines for recreational water sanitation and operations.
The MAHC is what is called a “model code,” which means it is not a regulation in and of itself. Instead, the CDC puts out the MAHC as a document which they consider to be a really nice set of code language for recreational water facilities (mostly pools and spas). The MAHC includes everything from the process of getting permits…
The Daily Solutions Podcast – Our Top 5 Episodes from January
We’ve gone through yet another month and Graham and Ashkahn still haven’t split the podcast studio in half with paint and declared a Cold War on each other. Maybe next month. In the meantime, we’ve collected some of the gems from January (heretofore to be known...
A New Year, a New Research List
When we first released the floatation research list back in 2011, it was as close to a comprehensive list as we could create. It was put together in an effort to illustrate that sensory isolation was a thoroughly studied practice and there was scientific evidence for the health claims we were making.
Many float centers adopted this list for their own uses and put it on their sites, spreading the information and making it more available.
In this post, you’ll learn about the updates made to our float research list.
The Daily Solutions Podcast – Our Top 5 Episodes from December
Since a new episode is released, every day, we thought we should do a roundup of some the top episodes so far to keep you from missing out on important topics in the floatation community.
Behold the creme de la creme of podcastery, if you will. Here they are, in chronological order
