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Commercial Gym Equipment Leasing Are you looking to lease commercial gym equipment? If so, you have come to the right place. We have lots of information online that will help you understand how it works, free online gym equipment lease calculators and advice for gyms and the fitness sector. All major manufactures or resellers of […]
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WestWon are pleased to announce the launch of the new ‘Leasing Gym Equipment’ division. The division is headed up by Scott Rogers who has been in leasing and asset finance for over 15 years, previously working with Syscap.
Leasing and financing of gym equipment is nothing new to WestWon, having worked with a few suppliers into the gym sector for some time already. More recently, a number of Tech5 golf club customers have installed state of the art gyms which WestWon have financed for them.
Scott Rogers, Regional Director in charge of the gym equipment division stated:
“We have three divisions in our group that already offer financing for keep fit equipment. Our education business ‘edde’, (www.edde.education) already supports both private and state schools with leasing. More and more schools are now investing in their own gymnasiums and soft play areas as the nation drives forward the concept of a better and healthier lifestyle, starting in education. Secondly, we have the Tech5 (www.tech5.co.uk) business that works in the turf care sector. Their 1,200 plus customers are mostly made up of golf courses, football, cricket, rugby clubs and leisure centres. With the golf sector in a slow steady decline, clubs are resorting to new ideas such as building gyms to stimulate growth. Lastly, we acquired a significant shareholding in Fit Out Finance earlier this year (www.fitoutfinance.co.uk). One of the main markets they work in is the hotel sector, a big user of gym equipment. The decision to set up the gym equipment leasing division made perfect sense as we are already doing gym equipment lease deals on a regular basis. A key focus for us will be building more relationships with gym manufacturers, suppliers, distributors, end users and gym franchises”.
Jeremy Hall, CEO of WestWon added;
“I remember the first gym equipment leasing deal I ever did, which must be twenty years ago now. It was to a company belonging to Jeremy Paxman. I never met Mr Paxman but do remember doing the lease deal and thinking this is a good sector to be in.
For us, after carrying out an in-depth analysis of the UK gym equipment business, the most important thing is to appoint a champion to run the project. Scott is perfectly suited to this business. Being a blue belt in Small Circle Jujitsu, he has a passion for martial arts, health and fitness. Scott will be developing a number of gym manufacturers and supplier relationships, we have been looking to grow the gym leasing business at WestWon”.
Lease gym equipment – it’s a growing market
Gym equipment manufacturers and suppliers will tell you it’s still growing. Club memberships by all accounts are still on the rise. We see the core health and fitness market growing in traditional gyms and health clubs. However, we think the greater opportunity will be with hotels, companies, schools and other organisations building gyms to complement their existing range of services. The WestWon gym division will be targeting UK gym manufacturers, distributors and dealers as well as the gym customers they serve. We will keep you posted on the success stories we have. If you are looking to finance gym equipment, please give Scott Rogers a call, and join us on this exciting journey.
Click here to view our ‘Gym Equipment Leasing’ page
Please contact us on: 01494 611 456 or send us an email on: [email protected]
WestWon are pleased to announce the launch of leasingcalculator.co.uk, a website designed to promote the benefits of leasing to the SME community.
Speaking on behalf of the leasing calculator project, WestWon CEO Jeremy Hall noted, “Leasing calculator is the brain child of our marketing department who have then taken an idea and turned it into reality. Read more
Leasing vs A Business Bank Loan Bank loans are cheaper than leasing In our previous blog, we looked at what is cheaper – leasing vs bank loans. In summary, for smaller items of capital equipment under £100,000.00 (excluding vehicles), more often than not, bank borrowing is cheaper than a lease. So, if bank loans are […]
WestWon are pleased to announce that it has acquired 42% share capital of Business Funding Portal Limited. The main trading style of the company is Fit Out Finance, a specialist leasing broker working in the furniture and fit out sector.
Fit Out Finance is a perfect fit for the existing WestWon furniture and fit out division, working with organisations that either renovate existing buildings or look to relocate to new premises. The business has been trading for 10 years and the current team headed up by the CEO Mark Jones, will all stay with the company.
Fit Out Finance Website and Domain Name
The main attraction for WestWon was the domain name www.fitoutfinance.co.uk. “It is completely clear what we do” notes Mark Jones. He added, “Every week we receive business opportunities directly via the internet. We believe that the brand can be developed further, maintaining our focus on leasing and financing of building renovation and premises move fit out projects in the UK. We are looking forward to joining the WestWon family of companies where we will be sharing infrastructure, marketing, financial and regulatory resources. The fit with WestWon makes perfect sense as they already have a strong footprint in the office furniture leasing sector. Jeremy and I have known each other for twenty plus years, he has even bought the customer base of a previous company I had many years ago called Public Sector Finance.”
Fit Out Finance and WestWon
Speaking on behalf of WestWon, CEO Jeremy Hall noted, “It will be business as normal for Fit Out Finance. Mark will still hold 58% of the equity, he will still be in charge of the day to day operations and the company will maintain its trading style and website. We will be implementing some immediate changes; remodelling the company logo and colour scheme to follow in the style of WestWon branding and implementing the WestWon CRM system. This is not an acquisition or a merger, it is important that we keep Mark and give him the ability and flexibility to grow the business.”
Fit Out Finance in the UK
Leasing of office furniture and associated fit out costs is a big market in the UK. Office moves still count as one of the most expensive investments many companies make. Amortising the cost of an office move via a lease makes perfect sense. The general view is this sector is not set for growth over the next few years in the UK as we come to terms with the affects of BREXIT. However, by pooling the resources of Fit Out Finance and WestWon we hope to have a larger market share.
For more information, please contact either Mark Jones or Jeremy Hall at WestWon. Call us on 01494 611 456.
Leasing v Bank Loan We are a leasing company and bank loans are often our major competitor when it comes to lending. However, we are aiming to put forward an unbiased view to help you make a more informed decision should you be wishing to buy equipment.
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