Gym Equipment Craigslist (2024)

FAQs

Is it hard to sell gym equipment? ›

Selling fitness equipment is hard because commercial clubs spend relatively little on equipment. As you can see in the chart below, commercial clubs spend way more on services and IT. That makes it hard for fitness equipment salespeople to capture the attention of a club owner, and really hard to win the sale.

In 2022, weightlifting equipment, treadmills, and resistance bands were by far the most popular pieces of home exercise equipment among consumers in the United States.

Gym equipment, especially high-quality, commercial-grade items, can hold significant value, although it does depreciate over time.

A rule of thumb for the cost of gym equipment is $25 per square foot. So, for a 3000 square foot gym, your equipment is going to set you back around $75000. If you decide to buy your equipment by way of an equipment loan, you will have an ongoing expense of $1000-$2000 per month (and you'll be paying interest on it).

The fitness industry continues to thrive, with gym memberships and equipment sales reaching all-time highs. This creates a bustling secondary market for quality used gym equipment – offering tremendous value to buyers and sellers alike.

But traditionally, retailers see a boost in gym equipment sales between October and January. This is because these winter months are infamous for holidays, gift-giving, and sales, looking for deals. If your used gym equipment is listed in the winter, it's likely to sell at a high price.

1. Life Fitness. Known for their high-quality and durable equipment, Life Fitness is a top choice for commercial gyms. They offer a wide range of products, including cardio machines, strength equipment, and group fitness equipment.

Market Overview

It is projected to reach USD 15.50 billion by 2031, growing at a CAGR of 3% during the forecast period (2023-2031). Factors such as Increasing Prevalence of Obesity and Technological Advancements, significantly drives the fitness equipment market demand by 2031.

Planet Fitness: This is the most popular gym franchise in America, offering cardio, strength, circuit training, and more.

But if you were to sell one, a quick Google search shows the going rate for a used dumbbell is around $1 per pound. But when you look at an online resale marketplace like Facebook Marketplace, Offerup or eBay, you might see some higher prices based on that formula.

What do gyms do with their old equipment? ›

Going-out-of-business sales or equipment-upgrade sales.

These events are held by gyms and fitness centers when they're making changes to their business, and you can often profit from this. Such places will typically hold auctions where they will sell off unwanted equipment to the highest bidder.

If the manufacturer doesn't have a recycling program, as is likely, Miller says that you should contact your city or municipality to see if there's an electronic waste (sometimes called e-waste) recycling program that will take equipment and recycle the components. If not, some cities offer bulk trash pickup.

At first, it may seem like a costly investment to purchase your own gym equipment. However, you will save money over time by not having to pay for a gym membership. Membership costs can quickly add up, and you can avoid this expense by having your own equipment.

Gyms typically sell for multiples ranging from 3 to 5 times their annual earnings before interest, taxes, depreciation, and amortization (EBITDA). This range can vary based on several factors such as the gym's location, size, clientele, and market trends.

The average profit margin for a gym can range from 10% to 30%, depending on factors like size, location, and services offered. This is comparable to or even higher than some other industries, particularly when a gym effectively manages its expenses and optimizes revenue streams.

The average gym profit margin is 10-15%, with franchise gym profits on the lower end of 10%, boutique fitness studios averaging 20% to even 40% profit margins, and CrossFit gym profit margins in the 25-30% range.

Owning a gym can be a successful economic enterprise, but it demands a big investment and a lot of effort to be successful. Industry reports state that the average gym's annual income is between $300,000 and $500,000, with profit margins between 20% and 30%.