Something in the world of floating have you stumped?
Show Highlights
In this episode, Graham and Ashkahn succinctly breakdown the cost of float room construction. The average float room cost per the industry survey is $75,000 per room. How much of that is float tank cost and how much is construction? There are some variables to consider based on geography and types of tanks, but the guys lay out the average and clarify some of the numbers we’ve released previously.
Show Resources
Listen to Just the Audio
Transcription of this episode… (in case you prefer reading)
Graham: Today’s question is, “the state of the industry survey shows people spend about $75,000 per float room. How much of that is the tank cost versus construction cost?”
Ashkahn: Basically float tanks can range from probably around $10,000 at the cheapest for a commercial float tank.
Graham: Plus pump set up and all of that, yeah.
Ashkahn: Up to, I mean, they can get up to-
Graham: $90,000?
Ashkahn: Yeah, $90,000 dollars for a float tank.
Graham: So if you’re buying a $90,000 dollar float tank, then you’re now in negative money for room construction, negative $15,000. So, it depends a lot on what people are doing individually, and of course the survey itself is very subjective for what people are putting in there almost, so how people are defining everything that’s going into their room construction. It’s probably not 100% accurate even between individuals filling out the survey.
Ashkahn: But, I would say, if I had to make an average guess of how much people are spending on float tanks, it’s probably somewhere around $30,000 dollars a float tank. 30 – 35.
Graham: Which would be about $45,000 for doing the room construction, and I would say actually between maybe like $35,000 to $45,000 is not a crazy amount to assume for room construction. So not quite half and half, or half and half of the split that’s different for different people or something like that, depending on how much soundproofing largely you’re doing.
Ashkahn: Yeah, and we see that in general in terms of people’s cost total, float tank plus for rooms. It really does seem to range pretty much somewhere between $50,000 and $100,000 dollars for the whole shebang for a room. That was always kind of our calculations, and then seeing the industry report averaged that at about $75,000 kind of seems to support that.
So my guess is people on the higher end people are buying probably slightly more expensive float tanks and doing slightly more expensive construction, and at the lower end people are probably buying cheaper float tanks and doing cheaper construction.
Graham: Yeah, yeah, definitely. Again, there’s an, “Oh, yeah.” They’re like both how people are answering that question, and what you decide to do for your own center, and types of tanks, and whether you’re in the middle of a city or out in the countryside. All of these are going to affect how much is going into your individual build.
So, don’t assume that if you’re coming in a little under, if your ratio of tank to construction is different then the industry average that you’re somehow doing something wrong. It largely does have to do with how many tanks you’re installing at once, and how much crazy soundproofing you need to block out from city noises, and airplanes, and things like that.
Ashkahn: Yeah, you might just have less expensive construction if you’re way outside the city and you don’t have a ton of noise to deal with.
Graham: Yeah, just throw your float tank down a grassy hill somewhere-
Ashkahn: Yeah, call it good. Sprinkle some salt in the lake.
Graham: Sprinkle? I think it’d be a little more than that. This giant industrial dump operation puts Epsom salt or something into a lake.
So, if you have any more questions, go to floattanksolutions.com/podcast and we will answer them.
Recent Podcast Episodes
How Much Does a Float Center Cost? – DSP 109
The float industry has grown like crazy and no two centers are exactly the same. Some are opulent spas, others are small functional lounge type spaces with some tanks in it. Obviously price is a major factor in these designs, but what’s the range for the cost of a center? Certainly there’s a range, but you also want to make sure you’re not skipping out on important things like sound/water/saltproofing or proper ventilation. So how much is it really, all things considered?
Dealing with trademarks when a center has the same name – DSP 108
Okay. So… this happens. Sometimes float centers open up with the same name. It can be challenging, especially given that there are only so many float puns you can make. Graham and Ashkahn discuss the merits of protecting your name and some of the limitations that come with it, which is impacted by how close another center is, whether or not you have a copyright, and just how much effort you’re willing to put forward to ensure that it stays yours.
Having one tank vs multiple tanks – DSP 107
Is it better to plan out your center for one float tank and build out from there, or should you future-proof your design in case you want to expand? Graham and Ashkahn break down the logistical issues of planning out both and the reasons someone might decide to go one way over another. Construction costs, hiring specialists, and shipping costs are all things to consider when making a decision like this and it can be expensive either way. There are smart ways to build out a center while saving up to expand later, and Graham and Ashkahn make a point to give advice about that as well.
What do you do for Staff Meetings? – DSP 106
Staff meetings are one of those things for float centers that are just a bit more inconvenient than some other places of business. Especially if that float center is open 24 hours a day like Float On is.
In this episode, Graham and Ashkahn talk about how they run meetings, what they think is important to cover, how frequently they happen, and the ideal location for holding them (it’s possible that the shop is too pleasant and inviting to move quickly from one topic to the next).
How to reduce salt dust from ending up everywhere – DSP 105
Today brings a curious question about a float center owner who’s trying to deal with salt dust everywhere, including in their tool room. While salt does get everywhere, it can’t evaporate like water can and doesn’t travel through the air very well.
Graham and Ashkahn try their best to answer it and try to figure out what might be causing it, having not experienced something like that themselves at Float On. If any float centers out there have experienced this phenomenon and have any insights, send it our way!
Latest Blog Posts
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
