Fitness equipment leasing is an attractive option for all types of businesses in the fitness industry. Startup gyms, existing gyms, martial arts academies, and rehab centers can all benefit from the flexible packages available for leasing their fitness equipment.
Health and fitness is a $15 billion dollar industry and according to IHRSA, health club membership will reach around 50 million by 2010. Without a doubt there is a growing demand for fitness centers, and along with the demand comes fierce competition. New gyms will need to keep their startup expenses low until they can stabilize their financials. Leasing will allow your business to do just that since it will not only free up your capital but also it will not affect your credit lines – a great advantage over purchasing.
In order to compete in the fitness industry, your business also needs to have the latest equipment available. That means every couple of years you might need to acquire newer models in order to continue to attract new members and stay in the game. By leasing your fitness equipment you will be allowed to get new equipment as soon as your lease expires if you decide to renew it.
Here is a list of commonly leased fitness equipment:
- Multi-stack gyms
- Ellipticals
- Exercise Benches
- Treadmills
- Cyclers
- Steppers
- Free weights
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