Whether you are starting a new gym or just wanted to finance one piece of equipment, leasing may be a good way to get the equipment you need without putting a strain on your cash flow.
What is Asset Finance?
Asset finance comprises both leasing and hire purchase. Asset finance gives companies immediate access to new equipment which will help their businesses grow, which otherwise may not be accessible due to cash flow restrictions.
The business benefits from immediate use of the assets and can fix their monthly repayments over an agreed period of time and so avoid upfront costs.
Whether you need an entire gym fit-out or a couple of additional pieces of equipment, GSM has you covered.
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. Then add 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 finance the entire operation with only a fraction as a deposit. This is what we managed to structure for one of our clients, who through asset finance launched their business, the monthly repayments spread across 5 years helped with their cash flow management as well as a target setting for their membership.
What sort of gym equipment can be financed?
Fixtures and Fittings
Changing Room Lockers and Benches
IT Equipment and Telecoms
Saunas and Steam Rooms
GSM Finance has provided funding for BXR's new gym in the City of London, with its breath-taking views over London it is definitely the best place to get a sweat on.
If you are thinking about including new services to your current gym, like new air conditioning or a new sauna room, financing is available. Big or small we can assist companies to succeed. For gymnasium proprietors searching to entice new members, or maintain price so you can hold your membership dues, our flexible charge plans can assist you to do simply that.
Refinancing your Gym Equipment
Asset refinance allows you to utilise assets that you own, in order to release equity. Many companies are discovering that equipment purchased in the last 6 months which has taken capital from the business, can be financed thereby protecting cash flow. After a few checks and acceptance of the term and monthly repayments, we can arrange for the cash equivalent of the invoice to be put back into the business. You’ll then make fixed monthly payments including interest, whilst your assets earn you money. Some of the benefits of asset refinance include, that it is suitable for companies of all sizes. Asset refinance also allows you continued use of the existing assets at the same time as introducing working capital back into your business and can be used to raise deposits for new assets or buy new assets that may not be as suitable for finance.
For over twenty years, GSM Finance has helped businesses across a range of sectors to fulfil their growth aims with our individually tailored asset finance packages. Our specialised brokers will take the hassle out of your hands; finding you cost-efficient options that keep the money in your pocket, without compromising quality.
Enquire today for more information on Gym Finance
020 8874 9994
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