How to Offer Finance for Professional Gym Equipment

Introduction: Why Finance Matters in the Fitness Industry

For gyms and fitness studios looking to upgrade or expand, investing in professional gym equipment sets can be a significant financial challenge. By offering finance options, you make it easier for your customers—whether individuals or businesses—to access top-quality equipment without a large upfront expense.

“Financing opens doors to growth, letting your clients invest in their future today rather than someday.”

Benefits of Offering Finance to Your Customers

• Increased Sales: Customers are more likely to purchase high-value equipment when affordable monthly payments are available.
• Broader Customer Base: Finance options make pricey items accessible to smaller gyms or new entrepreneurs.
• Improved Cash Flow: You get paid upfront by the finance provider, reducing risks from late payments.
• Unmatched Competitive Edge: Stand out by offering flexible payment solutions.

Finance Options for Gym Equipment Sets

How Does Customer Finance Work?

1. Customer Chooses Equipment: They select the gym equipment set they want.
2. Apply for Finance: You, as the retailer, introduce the customer to a finance partner.
3. Assessment: The finance provider checks the customer’s eligibility.
4. Finance Agreement: On approval, terms are agreed, paperwork signed.
5. Equipment Released: Once finance is confirmed, you deliver the equipment.

Steps to Offer Finance in Your Business

1. Partner with a Reputable Finance Broker

• Look for brokers specialising in retail and gym equipment, like Kandoo.

2. Train Your Sales Team

• Ensure staff understand how finance works so they can answer customer queries.

3. Integrate Finance at Checkout

• Make the finance option visible both in-store and online.
• Use calculators and clear explanations to help customers understand repayments.

4. Promote Finance Offers

• Highlight finance availability in your marketing.
• Run targeted promotions for new gym openings or refurbishments.

Key Considerations Before Choosing a Finance Partner

• Regulatory Compliance: Ensure your finance provider is FCA-authorised.
• Product Flexibility: Can they offer both personal and business finance?
• Reputation & Service: Read reviews, check speed and clarity of approvals.
• Hidden Fees: Confirm there are no surprises for you or your customers.

“Transparent finance builds trust and long-lasting relationships with your customers.”

Common Questions

Is offering finance complicated?

Offering finance can be straightforward with the right broker; much of the admin is handled for you.

What if a customer is declined?

Work with finance partners who support applicants with varied credit scores, or provide alternative payment solutions.

Top Tips to Maximise Success

• Always display finance options early in the sales process.
• Collaborate with suppliers who can deliver quickly once finance is approved.
• Periodically review your finance partner's performance and customer feedback.

Ready to Boost Sales with Finance?

By partnering with a reputable finance broker, you can open your doors to more customers and steady growth. Make professional gym equipment more attainable with tailored finance options—your clients (and your bottom line) will thank you!

Get in touch with a specialist finance broker like Kandoo today to take your business to the next level.