The health and fitness industry is booming. Budget gyms and independent gyms are thriving. But to set-up a new gym isn’t cheap. Add in branding, signage, local marketing, staffing, a website and membership databases and it’s clear that self-financing a new gym is only for those with wealthy investors.
To avoid giving a hefty portion of your future profits to an investment partner, asset financing your gym is the most cost-efficient way to get the medicine ball rolling. In fact, we can finance all of your gym equipment with only a small deposit and finance terms of up to five years. This keeps your monthly outgoings low as you build your business, increase your membership numbers and begin to turn a profit.
What’s more, we’re there to help you grow – to open your second gym, then third, and from there the sky is the limit.
What sort of gym equipment can be financed?
Fixtures and Fittings
Changing Room Lockers and Benches
IT Equipment and Telecoms
Saunas and Steam Rooms
Example Finance Deal
An entire gym’s worth of equipment will cost between £100,000 to £200,000, depending on the number of machines required. To then install changing rooms, air conditioning units, showers and maybe even a sauna or steam room the figure can easily reach half a million pounds. By using asset finance, even a new start business could lease or hire purchase the entire operation with only a fraction as a deposit. This is what we managed to structure for one our clients, who through asset finance launched their business, the monthly repayments spread across 5 years helped with their cashflow management as well as target setting for their membership numbers.
Speak to one of our Brokers today
Whether you are thinking about opening your first gym or your tenth and are wanting to find out more about the benefits that asset finance can bring to your SME, have a chat with one of our brokers.
If you already use asset finance and would like to see if we are able to structure you a better deal, again feel free to Contact us via email or phone, or if you prefer use our contact form and we will put together a no obligation quote for you to compare.
Talk to us.
For the assets your business needs to secure its future, for a loan to secure its present or for equity from assets secured in the past. We can help. Contact the team today on:
Please fill out the short form below if you require funding for any asset type, unsecured loan or refinance of already purchased assets from £10k to £5m