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new business idea.

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westy19
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2005/08/01 15:30:37 (permalink)
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new business idea.

was just wondering what you thought of this for a business idea.

basically it is the rental of fitness equipment, to home users. equipment like treadmills, steppers that sort of stuff.
i am guessing it wouldn't appeal to too many people on here as you use gyms but maybe say someone was going to cut and wanted some sort treadmill at home for 12 weeks while they cut, they could rent it.

and i am guessing it might appeal to alot of people go binges of getting fit they may decide to rent some equipment while trying to lose weight ready for a holiday.


so what do you think?
#1

10 Replies Related Threads

    YumPies
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    RE: new business idea. 2005/08/01 15:48:41 (permalink)
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    Im clueless interms of bussiness, but i doubt this idea will make much money at all.

    Even huge bussiness skattered around wouldnt make much either.
    Gyms will be such big competition, you'd get peanuts for renting it out and pay more for repairs/delivery etc.
    #2
    Play
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    RE: new business idea. 2005/08/01 16:03:55 (permalink)
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    You will have to rent them a tredmill for about a fiver a month or they might aswell join a gym, would take you to long to get your money back
    #3
    AJ85
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    RE: new business idea. 2005/08/01 16:45:02 (permalink)
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    i'm not so sure with you guys, i know a LOT of people from my work don't work out because it's a hassle to go to the gym and try and arrange it around a busy schedule with work, kids, etc..

    So they all say they want equipment but it costs a LOT for a half decent bike or treadmill etc.. These things are often done on a 'wim'? where they fancy getting in shape for a month or two then will probably give up, the equipment they paid out for will just end up gathering dust whereas with rented equipment you save a packet and it's out of your hands by the end of the month unless you continue to rent it!

    potential imo
    #4
    alpine
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    RE: new business idea. 2005/08/01 17:32:59 (permalink)
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    Who knows it could be a good idea, like any business you have to do your market research, find out what people want and what they would pay, are there any other companies doing something similar, what about sunbeds etc?

    If it turned out to be a goer, you could start off by getting ex-gym stuff cheap. You could also add value by offering mild personal training (if that's allowed), supps, vits etc.



    #5
    Wrongun
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    RE: new business idea. 2005/08/01 18:40:31 (permalink)
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    To hire treadmills etc then you need to have the space in your home to accomodate them. if you have the space then you could set up a lease deal direct with the manufactuerer which would give you maintenance and low cost payments (operating lease with maintenance). For the business plan to work you would have to give added benefit as why they would not go direct.

    It may be as simple as they can not go direct and there you have the market if you can release already leased equipment as you would not want the capitol expenditure

    Wrongun!
    #6
    gripperdog1
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    RE: new business idea. 2005/08/01 19:02:06 (permalink)
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    BAd idea i think.......u would have to sort out the repairs,u would have to do the checks etc incase they nicked the stuff.If it was damaged stolen whos gonna foot the bill??Pointless taking a poor bloke to court!Ud pay out more than u were taking back if the items were damaged or stolen.
    You would have to charge excessively to make any money for urself.ie a tread might cost £2500 for a good quality heavy home use/light commercial,if u have to make that back at a rate of £5 per week (which IMO is pushing it asu can get a gym membership for £10 a week in a lot of health clubs) the machine would be knackered b4 u got ur capital back!It would take over 9 years to get ur investment back.
    Very bad idea i think!
    i dont think an insurance company would touch it either!
    post edited by gripperdog1 - 2005/08/01 19:04:24
    #7
    booboy
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    RE: new business idea. 2005/08/01 20:08:47 (permalink)
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    The first thing anyone investing in this (usually a bank unless you or your parents have the readies) will want to see is a business plan......and then the things they'll look closest at is a combination of your Executive Summary, market research, and cash flow/profit margins.

    You should't really do the latter and former until your market research (e.g. feasability) is done. I know thats what you're doing here, but you really need to do a great deal more, especially with the 'group' you consider to be you target market. Only then can you tell if there is a market and what people will pay for your service....and as a result...what you have to get kit and make a profit.

    Hope this helps a little.....
    #8
    scottishstu
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    RE: new business idea. 2005/08/01 20:31:48 (permalink)
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    its been done near me for 10yrs.

    the shop let u hire either a rowing machine or stationary bike for 8 weeks.
    they r bottom of rangefor say £40 each.

    No treadmills, too dear to buy and thus hire.
    They deliver in van and pick up 8 weeks later.

    Basically the £30 to £40 for 2 months hire up front ,
    pretty much covers almost the cost of these items secondhand.

    that is if u steal them from shop.
    post edited by scottishstu - 2005/08/01 20:33:05
    #9
    nickpellatt
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    RE: new business idea. 2005/08/01 22:05:24 (permalink)
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    Id hire a Xtrainer for my cutting defo.....but as I already pay gym fees I would only pay £10 a month....and Id want a decent one for that.........factor in repairs etc and Id see it hard to make a profit.sorry bud..

    Are you looking for something to run with full time or just for beer money for you? email me if you want a beer money idea
    #10
    westy19
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    RE: new business idea. 2005/08/01 23:02:42 (permalink)
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    ORIGINAL: nickpellatt

    Id hire a Xtrainer for my cutting defo.....but as I already pay gym fees I would only pay £10 a month....and Id want a decent one for that.........factor in repairs etc and Id see it hard to make a profit.sorry bud..

    Are you looking for something to run with full time or just for beer money for you? email me if you want a beer money idea


    cheers nick
    you have mail.
    #11
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