| Fitness equipment leasing may be the answer to the | | | | keeping you competitive. |
| growing demand for fitness facilities. | | | | Some of the large manufacturers such as Cybex, |
| Health-consciousness is slowly starting to stir among | | | | offer their own fitness equipment leasing options. Here |
| the masses. With it comes an awareness of the | | | | you have the added advantage of working with |
| importance of exchanging an overweight, inactive | | | | knowledgeable people on both the financial and |
| body for a strong, lithe physique. | | | | equipment sides. They know the industry well, and |
| Although there are many ways to achieve this goal, a | | | | structure leasing agreements accordingly. Cybex |
| gym membership will always be one of the most | | | | Capital sport a 96% approval ratio. |
| popular choices. | | | | Cybex offers various fitness equipment leasing |
| The benefits these outfits gain by leasing fitness | | | | programs. The contract includes options such as |
| equipment, are numerous. To survive, a new gym has | | | | deferred first payment programs, annual payment |
| to keep overheads as low as possible. Leasing, rather | | | | programs for schools and universities, or seasonal |
| than purchasing, enables you to do this. | | | | payments. There are also programs available for new |
| Fitness equipment leasing allows you to have access | | | | clubs, and existing club expansion. |
| to new technology or specialized equipment as soon | | | | A Fair Market Value Lease is also available for |
| as it becomes available, without committing your | | | | utilization by schools, YMCA's and other organizations. |
| business to a substantial financial outlay. Constantly | | | | This option offers tax benefits, lower monthly |
| upgrading your facilities, is an important factor in staying | | | | payments, no end of lease obligation, and new |
| ahead of the competition. | | | | equipment every three years. If you make use of this |
| The additional financial benefit of never being stuck | | | | fitness equipment leasing option, you won't have to be |
| with obsolete equipment, can be considerable. | | | | concerned about how you are going to fund a security |
| By not tying up a large chunk of your capital in | | | | deposit, as this isn't required. |
| equipment, you will be in a better position to manage | | | | Many companies and organizations are realising that |
| day to day expenses, while your venture finds its feet. | | | | by establishing an in-house gym, they are making a |
| If you need to expand, you can do this by leasing | | | | positive investment in the future productivity of their |
| fitness equipment, without stretching yourself to the | | | | employees. |
| limit, and compromising the stability of your business. | | | | The results will be seen in fewer sick days taken, a |
| Borrowed finance goes hand in hand with high interest | | | | surge in employee-stamina, and a less stressed-out |
| rates. When leasing fitness equipment, the long term | | | | workforce. Most importantly, the bottom-line of the |
| benefit in saving on this aspect alone, becomes | | | | company (and its employees!) will give a clear |
| substantial. | | | | indication of the benefits. By leasing fitness equipment, |
| As fitness equipment leasing will be shown as an | | | | they have the opportunity to start such a program |
| operating expense, tax benefits will also flow from | | | | without a crippling capital outlay. |
| organizing your business in this way. It is even possible | | | | Documentation involved when leasing fitness |
| to structure payments to accommodate the flow of | | | | equipment for the first time, includes filling out a credit |
| business in your establishment, further strengthening | | | | application form, copies of tax returns for principals, |
| cash flow during the slow months. | | | | personal financial statements, equipment listing, and |
| Whether you are looking for multi stack gyms, | | | | business plan copies. |
| ellipticals, benches, treadmills, cycles, steppers, or more | | | | Existing businesses will have to include company tax |
| specialized equipment, you will find it available on a | | | | returns, and interim company financial statements. |
| leased basis. | | | | Response time after providing this, should be between |
| Your business will function with more flexibility, and be | | | | 2 and 5 days. |
| able to deal with higher demand periods efficiently. | | | | Whether you have a small outfit, ordering a few |
| Customers with special needs can also be taken care | | | | thousand dollars worth of equipment, or are |
| of without hardship to the business. | | | | well-muscled and in need of leasing fitness equipment |
| A trusting relationship with an experienced fitness | | | | in the seven-figure range, you will be able to find a |
| equipment leasing company offers reliability, the ability | | | | leasing option suitable for you. |
| to arrange speedy financing, and a low payment | | | | Find the right fit for you, and watch your profits grow. |
| schedule to suit your needs - all important factors in | | | | |