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What’s the first thing you think about when
selling gym equipment?

According to our poll the first thing 80 percent of you think about when it’s time to sell gym equipment is how much your equipment is worth. But really we should already know exactly how much our assets are worth and when is the best time to sell them. This can be done easily by using the industry’s favourite secret weapon – Orbit4. It’s a money saving platform (similar to the smart energy saving websites but for gym equipment/servicing/buying/selling). So why are gym operators so excited about this platform?

Digital Tech leader Daniel Jones said: “Orbit4 is an amazing present to the industry and a genuine win-win for any company involved in the fitness industry. It allows gym operators to go digital when it comes to purchasing, financing, maintaining and disposing of fitness equipment. More importantly, the sooner operators use the platform, the sooner they can start understand true cost of ownership of their assets”.

What if we told you, you could get a free valuation just by signing up as a Seller in WeBuyGymEquipment?

Sounds too good to be true, but it’s not! The only people who will tell you not to compare prices are the people taking you for a ride. We know times have been tough and gym owners need to make as much profit from selling their used gym equipment as possible so, here are our top selling tips…

  1. Find out how much your used gym kit is really worth! Auction platform WeBuyGymEquipment is used by many leading gym operators, not just to sell equipment but to get early stage valuations so they know what equity is left in their assets to act as a deposit for the next equipment purchase. 
  2. Don’t sell as individual items, but as a job lot. Selling used gym items off individually is a huge mistake. Time wise alone it will be like taking on a second job. Arranging collection and payments is a painfully time consuming and complicated process. It’s safe to say you’ll end up losing big overall.
  3. How much is YOUR time is worth? Selling second hand commercial gym equipment piece by piece is both time consuming and hard work. On paper it might look like you’ll make more for the high value items, but it’s likely you’ll be left with a lot of undesirable equipment which you’ll not know what to do with. 
  4. Don’t end up getting sued in a costly legal battle! It is a big risk letting consumers and multiple uninsured people take heavy commercial equipment from your club. If someone gets hurt, even at home, they will hold you legally liable for any damages. Traders on WeBuyGymEquipment must be fully insured so you don’t have to even think about it.
  5. Don’t sell off your best pieces of kit and be left with the less attractive items gathering dust or going to the dump. In most cases, it will cost you more to have your unsold items removed and taken away than the real value of the equipment.
  6. Get paid before your gym equipment even leaves the building. Guaranteed payment before extraction is worth its weight in gold. Go with a company that get you the cash right now, when you need it. No messing around chasing or losing money!
  7. Read reviews before you deal with anyone.
  8. Be honest about the state of what you are selling to avoid delays and confrontation later. The more tests you do and the more photos you take, the more confident you can feel about getting the right money.
  9. Get it done fast. You don’t want to run out of time trying to sell items or waiting for people to turn up and collect. In a worst case scenario you could end up having your items repossessed by the landowner if your tenancy is up.

Jo Weelen, from WBGE, said: “Over the last 7 years, our platform has collated accurate residual values of over 2,500 commercial gym equipment assets. In turn, we can offer speedy valuations of gym operator’s assets. Alternatively, register on our platform and upload your equipment via our easy 3 step process. Within 3 days, you’ve hit our 60+ traders in one swoop and secured the best buyback price under no obligation.”

Contact us on info@webuygymequipment.com 

What Effects Used Fitness Equipment Market Values?

Do you really know all the criteria and factors that go into the market value of used fitness equipment? Many sellers look at what they paid for new equipment and think it should be worth a similar amount, but secondhand fitness equipment values are often misunderstood.

So, what sets the values?

Well, to start, equipment is worth what someone is going to pay for it. So, forget about what you paid for it new or what you may think it’s worth.

There are two key price points that make up values: wholesale and retail.

Wholesale value is what a used equipment buyer will pay and, of course, that’s the lower of the two values. But what goes into this may be unknown.  A seller needs to understand what costs are associated with the removal and resale of the product.

The buyer will carry out the extraction and this comes with the costs of trucks, labor, travel etc. and these costs have unfortunately sky rocketed. The buyer must replace needed parts and sometimes refurbish a piece. They must also inventory it in their warehouse and pay staff to resell the item with a warranty.  For example, a treadmill that you are paid $500.00 for, could cost a buyer nearly double that to have it ready for a retail sale. They are also taking on all the responsibility and legal risk of the resale.

So why not just sell it on your own?

Well, it’s not that easy and here’s why; Your insurance covers your members in the gym, it doesn’t cover selling equipment.  It’s a huge liability to let a piece of equipment leave your gym because if someone gets hurt, they will hold you and the gym liable. Are you going to put the costs into the piece that it needs and take the time to market it? That alone will eat into your finances. Also, with multiple pieces you may not sell them all, which defeats the plan.

You may see the retail price a buyer sells for online, but now you know what costs go into that value for them to turn a profit.

So, what and who make up the wholesale market values? Well, the who is the consumer or gym buying the products, they are asking for certain brands from the used buyer and that demand creates the values the buyers and secondhand market put on the equipment.  This is the reason why certain brands and pieces carry a higher value because there is a higher need from the buyer’s customers.

Brand, category, age, condition, color, and removal accessibility also play a part in the value.  Volume is also key since the costs of removal are based on a price per piece cost average. The more pieces, the better price per piece you will receive.

So, for example, a full gym replacement or liquidation will bring in the greatest return. One of the reasons is, it opens several selling channels for the buyer. It can also be marketed as a full gym, either in the States or to a buyer abroad. If it meets the criteria values, then it is appealing for inventory sales for multiple customer segments.  If key pieces are removed from the package, then it affects the integrity of it and could reduce the overall value considerably.

If you are looking to just sell a few pieces, that will lower the price per piece cost average, since logistic costs must be factored in. 

The bottom line is if you need to sell a few pieces, full cardio and strength replacement or a liquidation, it’s much more efficient, safe, and practical to use a professional wholesale buyer service to do it all for you, so you can focus on your business and members. 

We hope this gives a better understanding of fitness equipment market values. 

WBGE LLC welcomes Hank Lesher on board!

WeBuyGymEquipment LLC is very excited to have trusted fitness industry expert, Hank Lesher on board the team.

Hank is the perfect addition to our rapidly expanding global brand. He brings years of experience consulting and developing multiple demographics within the fitness space.

His diverse experiences range from all levels of education from athletics to college recreation along with performance facilities, health clubs and municipalities. He has provided consultation to administration, coaches, owners and staff from gym concept design through project completion.

He has honed his skills working alongside many of the top brands within the fitness industry. Hank is a highly respected resource for many fitness professionals nationwide. Hank has also spent time in the private sector developing and owning multiple territories with Anytime Fitness.

President of WBGE LLC, Mike Caruso, said: “Being a supplier and gym operator has given Hank an in-depth knowledge while consulting his clients with the utmost compassion, empathy and customer service experience available.  We can’t wait to see Hank in action – these are incredibly exciting times for the fitness industry.”

Struggling to find the best commercial gym equipment?

Only the best is good enough for your gym if you want to attract a high end, loyal client base.  This means choosing the best commercial gym equipment manufacturer. Thankfully, there are many to choose from. 

There are two major factors:

The gym instructors and the equipment itself.

Obviously you will employ skilled trainers.  But without first class sturdy equipment you risk breakdowns and good money can easily be wasted  away replacing cheap and inferior machines.  Repairs and maintenance add hugely to the overall bills.    Steer clear of unreliable sources and seek the best.  And how you can do this, is to get top manufacturers to source and set up your fitness equipment. 

What is your budget?  What are your needs? You need to set out a plan first.  Whether you are looking for spin bikes, rowing machines, cross trainers or freeweights – start with your floor plan.  What can you fit into it?  What will your budget allow? 

These are the basics which will help you to recognise what you have to buy.  Look at prices, quality and value for money.  Then look at the brands, the commercial gym set-up and service contracts that are available.   Do your own research on reliable brands?  Look on the websites for various brands.  Read customer reviews with a critical eye.  Weigh up advantages and disadvantages.  Speak to impartial online comparison sites like FitnessCompared who represent many of the leading fitness equipment suppliers. FitnessCompared are able to give free expert advice and information about how much you can make from selling your current equipment as well as the specific costs of buying new fitness equipment.

Try it out. Research is not enough. Give them all a try.  This way you will work out just what is value for money.  A slightly cheaper strength machine might be equal to the expensive one.  Check durability.  If you are not completely satisfied do turn away,

Ultimately a great gym is a great business proposition.  Time spent on sound research pays dividends.  Good equipment attracts regular customers, elevates your brand and inspires trust.   

Staying happy and healthy while working from home

11 Tips How

  1. Getting ready for working from home as though you really are going to an office. As tempting as it is to roll out of bed and straight onto your computer – don’t do it! Wash, dress and make yourself smart to deal with any unexpected Zoom calls. It gets you in the right headspace for the day ahead and mentally switch to productive work mode.

HOW TO STAY HAPPY AND HEALTHY WORKING FROM HOME
  1. Now go to your office. By this I mean your home office space. Its important to create a designated space to work in, an area just for you. Somewhere you can focus on tasks without being distracted.
  2. Prioritise and create a list of the key tasks for the day. Everything is more manageable when it is put in a list. It will focus your mind and make goals more achievable.
  3. Get everything you need for the day in one place. This includes all the necessary tech you need. This could be a reliable and secure internet connection, any necessary files, hardware and software, remote access to your company network and, importantly, knowledge of how to get IT support.
  4. Regularly rest your eyes and step away from your desk. It’s important knowing when to give yourself a break when there’s no one else around to remind you. Go for a walk in the garden and stretch your legs.
  5. Have a planner or make a schedule. Block off set times to do certain work tasks and block off other times for lunch, movement, housework, personal calls, etc. When you’re  working from home all day, it’s easy for the day to blur into one long work day.
  6. Be clear about when your working day begins and ends. It’s easy to ‘always be on’ when your home and office are the same place. When work is over, be sure you switch off and mentally clock out.
  7. Get outside! I try to get outside once a day, even if it’s just a short walk around the block. Fresh air and a little Vitamin D do wonders for your mental health and productivity.
  8. Keep yourself engaged and visible. Contribute regularly to team chats or group emails so you don’t just drop off the radar. Ask about what people are working on and share what’s on your plate.
  9. Foster relationships. Make time for non-work chats as you would in the workplace and use video calling to maintain face-to-face contact.
  10. Don’t be afraid to ask for support when needed. Speak out when you need assistance, further training or support. Your are part of a team and you should be supporting each other, especially remotely.

Mistakes when selling or trading in used equipment

Gym owners looking to upgrade or close their gym, need to make as much profit from selling their used gym equipment as possible.

Mistakes when selling or trading in used equipment

Here are our top tips:

  1. Find out how much your used gym equipment is really worth. Not as individual items, but as a full gym package. When you sell used gym equipment off individually you may see higher values per piece, but in the long run, it can be a timely process with lots of liability issues.
  1. How much is YOUR time worth? Selling second hand commercial gym equipment piece by piece is both time consuming and hard work. It may look like you will make more for the high value items but it comes with a price. You will get more buyers and more money for your full gym package.
  1. Don’t end up getting sued in a costly legal battle! It is a big risk letting consumers and multiple uninsured people take heavy commercial equipment from your club. If someone gets hurt, even at home, they will hold you legally liable for any damages. My advice is to use a company like webuygymequipment.com, which covers every legal aspect so you don’t have to even think about it.
  1. Selling off your best pieces, leaving the less attractive ones, will compromise the integrity of the package and affect its overall value. Selling it all in one package will guarantee a better price overall and save you time.
  1. Don’t spend countless hours calling all the used gym buyers individually. Use a service that will do that for you. The easiest and fastest way to do this is by registering here as a seller seller register. Its quick and easy. Did I mention this service for you as a seller is 100% FREE.  You are guaranteed the best price as America’s most trusted buyers bid for your equipment.
  1. Get paid BEFORE your gym equipment even leaves the building. Guaranteed payment before extraction is worth its weight in gold. Go with a company that can give you peace of mind by paying you up front, no messing around chasing or losing money!
  1. Take advice from others who have successfully sold their used gym equipment. Check out some of our latest reviews on Trustpilot.
  1. Spend the time taking great pictures of all the pieces in your gym. The more detail you provide, the better chance you have of getting the highest return when you trade-out used fitness equipment.
  1. Get it done fast. You do not want to run out of time trying to sell items and waiting for second hand fitness equipment traders. In the worst case scenario, you could end up paying for someone to remove your gym equipment, paying your landlord another month’s rent or even risk your equipment being repossessed.

Sadly many gyms out of business

Can I still go to the gym if there’s a second lockdown?

The fitness world is a very different place since Covid-19. As we all know, this pretty much brought the planet to a standstill. Sadly many gyms were forced out of business as they lay empty and off-limits for months on end.

But the world keeps spinning and so do we. Private sales of spin bikes, exercise bikes and used gym equipment in general went through the roof. Second-hand fitness equipment sales have boomed as more and more people looked to create their own gym at home.

gyms out of business

It has also been a great time for gym equipment dealers to sell used gym equipment, with many items massively increasing in value due to the rush on products.

But the tide is turning, and the leisure industry has come back fighting. Ever since the government announced that gyms and swimming pools can finally reopen, gyms have been busy behind the scenes ensuring everything is safe and regulation ready.

Covid-19 has devastated the fitness and leisure sector, with many businesses having zero income but still facing overhead costs.

“With government support, we can keep fitness facilities open at a time when they are needed this most.”

Some larger chain facilities, like Planet Fitness and Anytime Fitness are requiring masks and have time limits on workout times and some by appointment. Many other privately owned clubs may not require masks but are following the 6-foot distancing rule by disabling every other piece of cardio machine.

Many have air scrubbers, additional measures with cleaning and disinfectant stations before you enter and when you leave the gym.

Overall the US market has taken every precaution to ensure member safety and health.

There has been a lower return rate in some regions and facilities. Some operators are doing what they can to stay open and serve their communities and seek help and support from the understanding of local governments.

SportsArt Fitness Equipment

A healthy body and a healthy environment are key to the SportsArt ethos.

Anyone can sell gym equipment!

But at SportArt, they aim to change the world – through quality, low carbon-footprint fitness products.

Sports Art Logo

Because of their innovation and technical excellence, SportsArt has been admired by all those who sell commercial gym equipment. Both gym equipment dealers and used gym equipment dealers admire their manufacturing excellence and make it easy to sell commercial gym equipment.

Established in 1971 Sportsart has gone from strength to strength and is now one of the largest single brand manufacturers in the world. They sell commercial fitness equipment in more than 80 countries worldwide.

A spokesman for SportsArt said: ”Providing a way to care for our planet while providing a quality global brand is of the utmost importance to us. Sustainable solutions are key and we make sure we are at the cutting edge of all developments that take us closer towards that goal.

“We strive to create a network of like-minded partners focused on inspiring positive social impact and stewarding the beautiful world we have been given”. “One such development is increasing the life cycle of our equipment and reducing our carbon footprint by teaming up with global game changers WeBuyGymEquipment.

“Not only is it great news environmentally but it is also good for the economy of our industry.”

The partnership between Sportsart and WeBuyGymEquipment means they can now help you trade in gym equipment or trade in used gym equipment.

A spokesman from WeBuyGymEquipment said: ”It’s such a great honour to connect with such a brilliant and highly regarded business. Whether you trade in fitness equipment or trade in used fitness equipment – this is going to be a game changer.”

SportsArt has  hundreds of patents globally for technologies such as the award winning ICARE™ system or the ECO-POWR™ Series. These systems harnesses up to 74% of human energy and converts it to  electricity. Its not surprising they have won so many industry and and eco awards for their responsible and advanced attitude to creation, design and business.

CONCEPT 2 - WeBuyBymEquipment

Every industry has been hit hard by the global pandemic but not many have been as badly affected as the fitness industry. With many gyms unable to open, buying and selling fitness equipment has been harder than ever.

Selling used gym equipment?

If you sell gym equipment or sell used gym equipment you will be very well aware of just how tough things have been.

concept 2 used

But with many fitness clubs taking classes and equipment outdoors, and gym opening dates on the horizon – things could be about to change and Concept 2 will be at the forefront of our ‘new normal’.

Concept II is a leader in the fitness industry world, well known for their superior quality fitness equipment, specifically the world renowned rower. We Buy Gym Equipment often trade-in Concept 2 rowers via their platform. This quality product has the ability to be refurbish at a low cost and be recycled so that lower markets are able to use this premium product at an affordable price.

More than forty years ago,  in 1976, a pair of Olympians took their skills from water to land and honed their techniques creating their first composite racing oars.

From their humble beginnings working in the back of a bread van, Dick and Pete Dreissigacker, have continued to rise. Olympic training and an eye for success took the pair straight to the top and Concept2 oars are the choice of the world’s best rowers.  The brothers created the Concept2 Indoor Rower in 1981 and instantly it was a hit.

The Concept2 Indoor Rower  became the best-selling rowing machine in the world used globally then and today.

Their ambition and creativity continues, always making sure they are at the cutting edge of new concepts. Whether it is gyms wanting to sell commercial gym equipment or sell commercial fitness equipment, together they can help you get the equipment results you need.

Concept2 now supply top quality oars, the indoor rower and the SkiErg, popular in gyms right across the globe.

But rowing began and remains at the heart of the company’s core values.

With more than four decades of experience their main goal is to promote and encourage the growth of rowing. Both indoors and outdoors, they believe the sport should be available and accessible to all.

Hammer Strength

Hammer Strength pride themselves on keeping ahead of the fitness market. And with more than three decades of experience behind them they are masters in the art of keeping everyone in the supply chain happy. 

Where can i sell my gym equipment?

Gym equipment dealers already know it is easy to sell gym equipment that’s superior and Hammer Strength make sure equipment is just that. Whether you sell used gym equipment or work with used fitness equipment dealers, you will have heard the name and be aware of the quality associated with the brand.

hammer strength used

Hammer Strength have been working with all abilities of sportsman from elite athletes to those who simply want to train like one.

After working closely with athletes for more than thirty years they designed and created the products they actually needed. Hammer Strength is the first company of its kind to develop and enhance the ergonomic advantages of independent converging and diverging arcs of motion.

As a result, they have created the top global brand of plate-loaded gym equipment that’s designed to move naturally with the body’s motion.

A Hammer Strength machine provides all the aforementioned benefits but still allows uses offer weights because of the design of the equipment. They also offer gym users the opportunity to pile on extra weight that you would do with a barbell, something that you rarely get with machines.

Its high quality commercial gym equipment that rewards hard work with top results. When it comes to trading-out Hammer Strength products, WeBuyGymEquipment platform is able to get the best price via the bidding process. 

WeBuyGymEquipment facilitates the buy-back process for used gym equipment.

This attitude is reflected throughout the company. Hammer Strength and their team of experts from sales and marketing to after-sales support and service will ensure your investment in fitness equipment is also rewarded.

Now though they are raising their game. Did you know they can now help you trade out your old gym equipment thanks to a future fitness partnership?

We Buy Gym Equipment and Hammer Strength have teamed up to make sure gym equipment dealers and used gym equipment dealers get the very best. Hammer Strength recently white labelled the We Buy Gym Equipment mobile app so that they can help facilitate the trade-in process of used gym equipment for their customers.

A spokesman for Hammer Strength said:

“It’s important to move with the times and these are very exciting times. We have all come through a lot and are ready to move onwards and upwards. It is important for us to to supply this solution to gym operators so that it minimises downtime for gyms when it comes to extracting old equipment and delivering the new fitness equipment. Everyone works better when they work together and that’s exactly what we are achieving here – a methodology for achieving excellence across all platforms.”