New to equipment leasing? Don't know where to begin? Download our Free Guide to Leisure, Gym, and Beauty Leasing.

Gym Equipment Leasing

pixabay_barbell-375482One of the biggest issues facing gyms is member retention – making sure your members come back time and again. One of the most important ways of doing that is making sure your gym equipment is modern and high quality.

39.9% of gym members say good equipment is a leading factor in their continued attendance.

ukactive Report, Q1 of 2015

Fortunately for gyms everywhere, keeping your equipment modern doesn’t have to be a costly exercise!

Equipment leasing from Johnson Reed is a fantastic way of getting finance for brand new equipment on terms which are much more favourable to traditional bank lending. Whether you are an established gym or leisure facility, a new starter, or even a personal trainer, then we can help provide the gym equipment you need.

Read some of our Gym Finance case studies

Whether you need to finance a single treadmill or a room full of bikes, we can help you get the finance. Keep pace with the ever-evolving technology with gym equipment leasing.

There are many benefits to your business:

  • 100% finance, and often no upfront deposits
  • Keep bank facilities intact and use our funders’ cash instead
  • Prompt straightforward approval process, usually within 24 hours for established gyms
  • Payments are 100% tax efficient – offset your finance against your tax bill
  • Guaranteed competitive rates

The Gym market value has risen up from £3.55bn in 2007, to £4.3bn in 2015, with nearly 8.78 million members (1 in every 12 people).

The Leisure Database Company SOFI Report, 2015

We have recently helped a large, soon to be nationwide chain of budget gyms, where each location requires £1,000,000 of investment. However don’t be put off, we don’t just work with large gyms, our normal transactions involve financing equipment between £5,000 – £100,000 of equipment leasing.

See some of our Gym clients

We're really proud of our work within the Gym sector, and we love showing off the clients we have helped. Take a look below and see for yourself.

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We can help you get equipment leasing for...

Whether you are looking to finance a single item of equipment or an entire refit of your premises, we promise to react quickly and access our panel of independent funders to get you answer as soon as possible. It doesn't matter to us whether you are an established business or a brand new one, we will do our very best to provide you the same great level of service.

What are the main benefits of equipment leasing?

We offer all forms of finance but we believe the greatest benefits in most situations are offered by leasing, here's why:

  • Increase your profitability — You can conserve your working capital and put it to use in other more profitable ways
  • Help your cash flow — Have the equipment you need now without affecting your companies cash reserves
  • Afford the best quality — Get the very latest equipment, don't cut corners, tomorrows technology today
  • Pay as you use — You can pay for the equipment as its used and spread the cost through its working life, i.e. over three to five years
  • Tax allowable — Rentals are fully tax deductible, so why not take advantage of this?
  • Upgrade equipment — Get the benefit of new equipment by simply upgrading the equipment or extending its current usage
  • Plan your budgets — FD's love to know repayments are fixed
  • Simple direct debit — One rental can include all equipment and ancillary costs i.e. consultancy, installation, training and maintenance
  • Keep your credit lines intact — Leasing does not affect any of your existing credit lines

What are the tax benefits of using leasing?

One of the great things about using leasing for your catering equipment is the tax-efficient way in which you can borrow the equipment. Simply offset the cost of leasing against your tax bill, and at the end of the fixed term you own 100% of the equipment! Due to the nature of leasing, your fixed repayments will mean you can spend your precious cash on other areas of your business.

Find out more about tax-efficient leasing

What is the process for getting leasing?

The process for getting equipment leasing is quite straight-forward, and includes the following steps:

  1. Finalise the kit specification with the client
  2. Johnson Reed will secure the credit from their panel of lenders
  3. Johnson Reed will provide invoicing instructions to the reseller
  4. The paperwork is signed by the client
  5. Delivery is arranged by the equipment reseller
  6. Payment of the invoice is made upon authorisation of satisfactory delivery
  7. The contract begins

Find out more about why you should choose leasing

What if I want to sell this type of equipment?

Concentrating on your core activities and outsourcing other responsibilities to the right specialists can improve your offer to your customers and help you sell more, more often.

We have a proven track record of securing vendor finance for equipment re-sellers, vendors & suppliers in many different sectors.

Find out more about selling equipment with Johnson Reed

Testimonials

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  • I use Johnson Reed’s team and Jamie in particular to finance my clients because he takes an active interest in closing business with me.

    Director Gym equipment supplier

  • I am delighted with the speed and efficiency that Johnson Reed have helped us get the finance we need. I’m really looking forward to seeing the new equipment in our gym, and we look forward to working with Johnson Reed when we expand onto our third site!

    Daniel Summerson, Director Be Fitness Ltd


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Free Guide to Leisure, Gym, and Beauty Leasing

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Do you have any questions about financing your equipment? Send us a message below and we will get in touch.


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