Lease Gym Equipment with WestWon
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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]
