Gym and leisure finance

Operating in the gym and leisure sector relies on fitness enthusiasts who are committed to visit on a regular basis; weekly as a minimum but daily as an optimum. However, members will only become valuable assets to the business if they feel valued and are provided with an environment in which they feel comfortable. People are looking to experience great value, to be kept up to date with the latest fitness trends and to have access to state-of-the-art equipment which will aid their training.

As an owner of these types of facilities it can be extremely challenging staying up to date with the latest trends and ensuring that all machinery is maintained and working to peak levels. The one key factor in achieving this is making sure that you have the right levels of cashflow to keep the assets of the business operating efficiently.

This is why business finance for gym and leisure facilities is so important. Business finance can help with:

• Purchasing new machinery and equipment
• Extending fitness suites or purchasing additional space
• Completing total refurbishments
• Facilitating staff training and development
• Employing additional members of staff
• Implementing new technology and innovations

Once a business has recognised what investments they need to make they also have several financial solutions to choose from:

• Asset finance
• Business loans
• Invoice finance
• Acquisition finance
• Merchant cash advances

Whether there is a need to purchase new machinery, expand facilities, purchase a second building, invest in a second location or simply employ new staff, cashflow will be key and that is why business finance is so important.

Here at NGI Finance, we have broad experience of working with gym and leisure companies. Recently we have provided some asset funding for a gym located in Faringdon and have supported another business with a credit line to allow them access to funds when they need it, enabling the fulfilment of growth plans.

To find out more please call us on 01993 706403 or e-mail enquiries@ngifinance.co.uk.