We all know that when it comes to business, “cash is king”. For any commercial gym venture, the initial investment in equipment can put you in the red, even before your first client walks through the door. Why buy brand new equipment when pre-owned will do?
Building up a commercial gym takes time. One of the biggest capital investments for any gym-business owner is equipment. You get stuck between a rock and a hard place. To attract clients you need equipment. To buy equipment you need cash-flow generated from clients.
If a rich family member hasn’t left you money in their will, the chances are that you will have to take out the dreaded loan!
How can you cut corners to beat the system?
If you take the time to look for good quality second-hand or refurbished gym equipment to buy or rent you can focus on building a solid customer base while still remaining cash positive.
Just because it’s pre-owned doesn’t mean it’s worthless. There are vast amounts of gym equipment being released onto the second-hand market every day. If you keep your finger on the pulse you are sure to beat the competition to the finishing line!
The potential for gym equipment to age well depends on its ability to withstand high use under extreme conditions. Second hand is great, but you don’t want to be that gym with the trusty laminated out-of-order sign making the daily rounds!
Buying refurbished machines can help you get quality popular brands into your gym. There may be certain equipment pieces that you don’t want to cut costs on. Look for quality oldies that age well, like the Concept 2 rower. If taken care of, this indoor rower will give you very little trouble. Other players with long career prospects include Hexagon Dumbbells and Cast Iron Kettlebells (that also function as great doorstops!).
Finding those gold nuggets can be tricky when you go it alone.
Make use of the services of a trusted re-seller, such as Benched.co.za, who will get their hands dirty, in order for you to get the best deals.
Benched curates used gym equipment and only sources high quality pieces with little need of cosmetic or mechanical surgery. We give you options, why not check them out?