Good equipment is the backbone of any fitness gym. With people getting health conscious world over, it is a good business with a decent profit potential. However there is a lot of competition among health clubs and gyms to get new customers and retain their existing ones. One of the main attractions for members is availability of good equipment to use.
Modern commercial fitness equipment are expensive, be it a treadmill or a combo workout machine, quality always comes at a price. With so much competition, not everyone can afford to get the latest and the best fitness equipment for their gyms so what is the next best option other than buying it. This is where fitness equipment lease or fitness equipment leasing comes in.
Such a lease enables health club owners to get the latest equipment without having to pay a big amount upfront which can make a huge cost. They can pay monthly, quarterly or yearly as the per the terms of a lease. Such a fitness equipment lease also gives tax benefits as the payments made can be deducted as business expenses. There are different types of lease you can go for. Mainly the difference would be regarding the ownership rights, in an operating lease, the ownership rights remain with the leaser.
While taking such a lease always keep the term of the lease in mind as you would nt like to get stuck with old equipment after a few years. Find out if you can pre terminate the lease or have a buyout option at the end of lease. These are small factors but save you a lot of money in the long run so clear out all the terms and conditions before getting into it and you can always negotiate on the terms for your benefit.