Clean Market Company Profile

Background

Overview

Founded in 2017, Clean Market is a wellness company headquartered in New York City. The company offers a range of health-focused services and products, including intravenous (IV) therapy, infrared saunas, cryotherapy, and a curated selection of wellness products. Clean Market's mission is to connect the community with products and services that elevate health and overall well-being. By integrating innovative wellness services with a modern apothecary market, Clean Market aims to redefine the wellness experience.

Key Strategic Focus

Core Objectives and Specializations

Clean Market focuses on providing a holistic wellness experience through:

Innovative Wellness Services: Offering IV nutrient therapy, infrared saunas, cryotherapy, and lymphatic drainage massages.

Functional Tonic Bar: Providing a selection of health-boosting beverages.

Modern Apothecary Market: Curating a range of supplements, skincare products, snacks, and self-care items.

Primary Markets

Clean Market primarily targets health-conscious consumers seeking integrative wellness solutions in urban settings. With multiple locations in New York City and an IV therapy lounge in Las Vegas, the company caters to individuals looking to enhance their health and well-being through innovative services and products.

Financials and Funding

Funding History

In July 2019, Clean Market secured $2 million in early-stage venture capital funding. Notable investors include Able Partners, Seritage Growth Properties, and Harvey Spevak, CEO of Equinox. The capital was intended to support the expansion of services and the opening of new locations.

Revenue and Valuation

As of the latest available data, Clean Market's estimated annual revenue is approximately $12.6 million, with revenue per employee around $243,000. The company has experienced steady growth, with a 2% increase in employee count over the past year.

Leadership Team

Executive Profiles

Jeffrey Weinhaus: Co-Founder

Lily Kunin: Co-Founder

Asa Kitfield: Co-Founder & Managing Partner

Lauren Singer: Vice President of Finance and Development

The leadership team brings a diverse range of expertise in wellness, finance, and business development, driving Clean Market's mission and growth.

Competitor Profile

Market Insights and Dynamics

The wellness industry has seen significant growth, with increasing consumer demand for integrative health services and products. Urban centers, particularly New York City, have become hubs for wellness-focused businesses, creating a competitive landscape.

Competitor Analysis

Clean Market faces competition from various wellness and fitness service providers, including:

Clean Juice: Offers organic juices and smoothies, with estimated revenues between $10 million and $50 million.

Daily Harvest: Provides ready-to-eat, organic meals and smoothies, with revenues in the same range.

Nekter Juice Bar: Specializes in fresh juices and acai bowls, with revenues between $100 million and $1 billion.

Earthbar: Combines wellness services with a health-focused café, generating revenues between $50 million and $100 million.

Pressed Juicery: Offers cold-pressed juices and wellness shots, with revenues between $100 million and $1 billion.

These competitors emphasize organic products and wellness services, appealing to health-conscious consumers in urban markets.

Strategic Collaborations and Partnerships

Clean Market has partnered with various investors and real estate entities to expand its footprint and service offerings. Notably, the investment from Seritage Growth Properties has facilitated the opening of new locations, enhancing accessibility to their wellness services.

Operational Insights

Market Position and Competitive Advantages

Clean Market differentiates itself through a comprehensive approach to wellness, integrating services like IV therapy and cryotherapy with a curated selection of health products. This holistic model appeals to consumers seeking a one-stop destination for their wellness needs.

Distinct Competitive Advantages

Integrated Wellness Services: Combining various health services under one roof.

Curated Product Selection: Offering tested and proven supplements and self-care items.

Urban Accessibility: Strategically located in high-traffic urban areas to attract a broad customer base.

Strategic Opportunities and Future Directions

Expansion Plans

Clean Market aims to continue expanding its presence in urban centers, leveraging the growing demand for integrative wellness services. Future plans may include opening additional locations and enhancing online offerings to reach a wider audience.

Innovation and Service Enhancement

The company is committed to staying at the forefront of wellness trends by incorporating new technologies and services that align with their mission to elevate health and well-being.