Fitness Machine

Fitness Equipment Appraisals

Often we are contacted and asked if we provide Fitness Equipment Appraisals. The answer is absolutely! Whether it’s an independent fitness center, a small gym, or a multi-unit operator. We have the expertise to provide an accurate appraisal of fitness equipment. Whether you are selling or buying a gym. A bank lending on a gym. We can provide you with a Fitness Equipment Appraisal.

Fitness & Gym Equipment Appraisals

We will evaluate the following criteria to determine the final value:

  • Age
  • Make/Model
  • Hours of Use
  • Depreciation
  • Market Compatibles

Measuring the above metrics to the “ongoing” concern of the operating business and/or in addition to the current trends in the secondary market will ensure your Fitness Equipment Appraisal is accurate.

Our in-depth knowledge of the market in Fitness Equipment has allowed us to precisely appraise numerous fitness centers across the country. With the fitness industry at an all-time high, competition has driven many small independent operators into workout situations with their financial institutions. Obtaining an appraisal on the fitness equipment is the financial institution’s best way to maximize a return on their bank loan.  In addition, a fitness equipment appraisal can be used for numerous reasons, such as:

  • Bank Loan as Collateral
  • Defaulted Loan Scenario
  • Insurance Purposes
  • Estate Settlement
  • Divorce Settlement
  • Buy-Sell Scenario
  • Tangible Asset Tax Return

Several Popular Items We See During a Fitness Equipment Appraisal

  • Treadmills
  • Ellipticals
  • Free Weights
  • Rowing Machines
  • Exercise Bikes
  • Stair Climbers
  • Weight Machines
  • Resistance Bands
  • Kettlebells
  • Medicine Balls
  • Yoga Mats
  • Medicine Balls
  • Cable Machines
  • Agility Ladders
  • Benches (inclines, Declines & Flat)

One popular mechanism to obtain financing for a gym is the SBA 7(A) loan program. They will require a Certified Equipment Appraisal from a Certified Equipment Appraiser.

Whether it is a bank workout situation or a buy-sell situation. (a division of TrumanMox) is the leader in Fitness Equipment Appraisers. Contact Us today to discuss 888-494-3433

June 26, 2021 11:36 am

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