Why Auctions Are Ideal for People Opening a Gym

Opening a gym is an exciting venture, but the initial capital required to purchase equipment can be substantial. Industry estimates suggest that setting up a small to medium-sized gym can cost between £75,000 and £120,000, with equipment often representing the largest single expense.

If you are looking to launch your fitness business without breaking the bank, auctions offer a practical solution. Purchasing gym equipment through online auctions can significantly reduce start-up costs while still providing access to high-quality machinery from reputable brands.

This article explores why auctions should be your first consideration when sourcing equipment for your new gym, helping you understand the process and benefits of this cost-effective approach.

What gym equipment can I buy at auction?

Auctions regularly feature a comprehensive range of fitness equipment suitable for commercial gym environments, including:

• Cardiovascular machines – Treadmills, cross trainers, rowing machines, stationary bikes and stair climbers
• Strength training equipment – Free weights, dumbbells, barbells, weight plates, benches and power racks
• Resistance machines – Leg presses, cable machines, Smith machines and multi-station units
• Functional training equipment – Kettlebells, medicine balls, resistance bands, suspension trainers and plyo boxes
• Ancillary items – special flooring, mirrors, sound systems, reception desks and storage solutions

Why should I buy gym equipment at auction when opening a fitness facility?

Significant cost savings

The biggest reason to consider auctions is the potential for substantial savings. Pre-owned gym equipment typically sells for 40-70% less than retail prices, allowing you to stretch your budget further.

Access to premium brands

Many gyms close or upgrade their equipment regularly, which means high-quality machines from leading manufacturers frequently appear at auction. You can acquire professional-grade equipment from brands like Precor, Cybex and Hammer Strength that might otherwise be unaffordable when purchased new.

Quick acquisition

Traditional procurement processes can take months when ordering new equipment, particularly for custom configurations. Auctions operate on much shorter timescales, with many items available for collection within days or weeks of purchase.

Environmental responsibility

Purchasing pre-owned equipment contributes to a circular economy by extending the useful life of machinery. This sustainable approach reduces waste and demonstrates your commitment to environmental responsibility, which can be an attractive selling point for environmentally conscious members.

Opportunity to test before scaling

If you are opening your first gym, auctions allow you to purchase equipment at a lower risk. You can start with essential items, gauge member preferences and usage patterns, then expand your offering based on actual demand rather than speculation.

What should I consider before buying gym equipment at auction?

Equipment condition and maintenance history

Always inspect items carefully or request detailed condition reports before bidding. Look for signs of excessive wear, particularly on high-use items like treadmills and bikes. If possible, ask about maintenance records to understand how well the equipment has been cared for.

Transportation and installation

Factor in the costs and logistics of collecting, transporting and installing your purchases. Commercial gym equipment is heavy and may require specialist handling. Some auctioneers offer delivery services, while others require you to arrange collection yourself.

Compatibility and space planning

Measure your gym space accurately and ensure any equipment you bid on will fit through doors and into designated areas. Consider whether machines will work together cohesively to create effective workout zones within your facility.

Budget for refurbishment

While auction prices are attractive, you may need to invest in cleaning, minor repairs or cosmetic improvements. Set aside approximately 10-15% of your equipment budget for refurbishment work to ensure everything looks professional when you open.

How do I buy gym equipment at auction?

1. Research upcoming auctions from reputable auctioneers like Eddisons Asset Auctions, who specialise in gym and leisure equipment
2. Register as a bidder through the auctioneer's online platform
3. Review the catalogue thoroughly, noting lot numbers, descriptions and any viewing opportunities
4. Set maximum bid amounts for each item based on your budget and the equipment's condition
5. Place your bids during the auction period, either online or by attending in person
6. If successful, follow the auctioneer's payment instructions and arrange collection within the specified timeframe

Source quality gym equipment with Eddisons Asset Auctions

Opening a gym requires careful financial planning, and purchasing equipment through auctions can make a significant difference to your start-up costs. We have more than 180 years of experience facilitating asset sales and are highly rated by clients who have used our services.

Call 0333 200 2041 or complete the form below to discuss your requirements or to learn more about our gym equipment auctions.