Start An Used Fitness Equipment And Gear Business - Business Ideas

Pat Walls

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Updated: September 15th, 2022

Start An Used Fitness Equipment And Gear Business

Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.

Are you looking for a unique business idea that combines your love for fitness and entrepreneurship? Look no further than a used fitness equipment and gear business!

The idea behind this business is simple: purchase high-quality, gently used fitness equipment and gear from individuals and resell it at a discounted price. This can include treadmills, ellipticals, weights, and yoga mats.

One of the benefits of this business is the low start-up cost. Instead of investing in brand-new equipment, you can purchase used items for a fraction of the price. You can also save even more money by operating the business out of your home.

To ensure success, it’s essential to be selective in the items you purchase. Make sure to thoroughly inspect each piece of equipment for any damage or wear and tear before making a purchase. Establishing relationships with local gyms and personal trainers is crucial to gain access to new inventory.

Another great way to stand out in the market is to offer repair and maintenance services for the equipment. This can be a significant value-add for customers who are hesitant to purchase used equipment, as they know they have a trusted source for any repairs.

In this business, you can also offer a variety of classes, such as yoga and cycling, for the local communities and people looking for a place to exercise.

In summary, the used fitness equipment and gear business is a lucrative opportunity for fitness enthusiasts with an entrepreneurial spirit. With some research and clever marketing, you can make this business a roaring success. Go forth and get your sweat on, my fellow fitness entrepreneurs!

Starting an used fitness equipment and gear business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell used fitness equipment and gear, or selling used fitness equipment and gear online, you can use this page as a guide for everything you'll need to know.

Key Stats

market size

$11.5B

starting costs

$13.7K

gross margin

40%

time to build

210 days

growth

Organic social media

business model

Subscriptions

time investment

Full time

Startup Costs

	Min Startup Costs	Max Startup Costs
Office Space Expenses	$0	$7,000
Inventory Expenses	$350	$14,750
Software Expenses	$150	$2,794
Website Costs	$13	$215
Advertising & Marketing Costs	$0	$2,450
Total Startup Costs	$513	$27,209

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Successful Businesses

Business	URL	Rank
Life Fitness	lifefitness.com.au	196,515
Sorinex	sorinex.com	247,303
NEW AND USED GYM EQUIPMENT/ GYMS DIRECT USA	gymsdirectusa.com	405,069
Pro Therapy Supplies	protherapysupplies.com	408,230
Fitness Factory Outlet	fitnessfactoryoutlet.com	536,741
The Fitness Shop	thefitness-shop.com.au	664,990
BH Fitness	bhfitnessusa.com	757,549
Net2Fitness.com	net2fitness.com	770,077
Utah Home Fitness	utahhomefitness.com	820,818
Grays Fitness	graysfitness.com.au	1,066,028
Pro Sports	prosportskw.com	1,143,599

See all businesses ➜

Pros & Cons

Pros	Description
Flexibility	You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Ability to start your business from home	It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
Little startup costs required	The cost to start a used fitness equipment and gear business costs significantly less money than most businesses, ranging anywhere from 12 to 27,209.
Rewarding work	Starting a used fitness equipment and gear business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.
Scalable	With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
Traffic to your website	A used fitness equipment and gear business gives people a reason to visit your website and to keep coming back to you!

See all pros ➜

Cons	Description
Crowded Space	Competition is high when it comes to your used fitness equipment and gear business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.
Finding The Right Supplier	Most businesses in this space go the supplier/manufacturer route, which isn't a bad thing! However, finding the right supplier can take a lot of time, energy and trial/error. If done properly, this process can save you months (if not years) of time and energy. More on this below in the "finding a supplier" section.
Security Issues	With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road.
Lack of benefits	With a used fitness equipment and gear business, you are typically self-employed and responsible for finding your own insurance, which can be quite costly and time-consuming.
Isolation	Often times, as a used fitness equipment and gear business, you typically work alone and do not have much face-to-face interaction with other team members.
Taxes	As a used fitness equipment and gear business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

See all cons ➜

Key Stats

Startup Costs

Successful Businesses

196,515

247,303

405,069

408,230

536,741

664,990

757,549

770,077

820,818

1,066,028

1,143,599

Pros & Cons