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FITNESS, HEALTH, WELLNESS

promotion: Orbit4

How much money are you wasting by not tracking the cost of your gym equipment?

23 Sep 2022
/ Orbit4
Your most expensive purchase is gym equipment, so if you aren’t getting real value out of it then your business could be one of the hundreds predicted to fail this year. In order to support gyms and health clubs in this difficult economic climate, Orbit4 is helping operators by telling them the best time to trade in and buy new based on its intelligence-led data and tech.

Daniel Jones, CEO of Orbit4, said: “There are gym operators ignoring vital equipment data which just isn’t viable at a time when we all need to make every penny count.

“We’re proud of how much Orbit4 is supporting our industry but this year it’s gone from being just a great idea to a life-saver.”

Orbit4 won’t just tell you the best time to trade in and buy, it’s also the world’s first digital ecosystem that fully automates the entire commercial fitness equipment journey. For the first time ever, gym operators can use a bespoke asset management system that also automates procurement processes for the future – all data-driven via historic asset behaviour and cost of ownership.

What is total cost of ownership?

The total cost of ownership is the purchase price plus the amount you spend to maintain and service that commodity. In many industries, we track the cost of ownership via digital systems so we can make the right decision to maximise the residual value and replace it for new at the right time. In the automotive sector, this process has been sophisticated for many years.

Most gym owners don’t have a digital focus on asset management. Considering fitness equipment is one of the largest capital expenses, due diligence has been poor across our sector. With Orbit4, operators will have their own asset management portal and can make prescriptive decisions for future equipment and service contract purchases.

Don’t go over budget!

Owners and management can allocate a ‘cap spend’ for each product category – for example, treadmills' spend cap could be £1,750. When service and repair tickets are generated and completed over the lifespan of the assets, the cost is attributed to each asset and eats into the ‘cap spend’ and products eventually hit ‘maturity’. At this point, operators are alerted and presented with automated fitness equipment quotes, finance options and instant trade-in valuation via the Orbit4 connected procurement system.

Find out for yourself how much you can save at Orbit4’s official website.
More press releases and updates from Orbit4:
High performance asset management team Orbit4 have just announced their latest partnership with Stronger Wellness.
With the price of just about everything going up, we all need to look again at how we best spend the allocated budget.
According to our poll the first thing 80 per cent of operators and gym owners think about when it’s time to sell gym equipment is how much your equipment is worth.
Social distancing, and all that encompasses the new normal, appears to be here to stay … for a while at least.
No two gyms are the same, but making the most of AI and digital transformation will be key to getting your business ahead in 2022, according to CEO of Orbit4 Daniel Jones.
Orbit4: featured in HCM and Fit Tech magazines
Specifier: At your service
You might be tempted to skip a service, but experts say it will cost you in the long run. Providers tell Steph Eaves why they their work is important to the management of assets
Rob Cunningham, director of leisure at BH Live, explains the positive impact Orbit4 is having on the organisation
Orbit4
Tel: +44 333 034 1637
Address: 7 School Lane, Hartford, Cheshire, CW81NP, UK
Steve Ruffell, country manager – UK & Ireland
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Orbit4 press release: How much money are you wasting by not tracking the cost of your gym equipment?
In order to support gyms and health clubs in this difficult economic climate, Orbit4 is helping operators by telling them the best time to trade in and buy new based on its intelligence-led data and tech.
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promotion: Orbit4

How much money are you wasting by not tracking the cost of your gym equipment?

23 Sep 2022
/ Orbit4
Your most expensive purchase is gym equipment, so if you aren’t getting real value out of it then your business could be one of the hundreds predicted to fail this year. In order to support gyms and health clubs in this difficult economic climate, Orbit4 is helping operators by telling them the best time to trade in and buy new based on its intelligence-led data and tech.

Daniel Jones, CEO of Orbit4, said: “There are gym operators ignoring vital equipment data which just isn’t viable at a time when we all need to make every penny count.

“We’re proud of how much Orbit4 is supporting our industry but this year it’s gone from being just a great idea to a life-saver.”

Orbit4 won’t just tell you the best time to trade in and buy, it’s also the world’s first digital ecosystem that fully automates the entire commercial fitness equipment journey. For the first time ever, gym operators can use a bespoke asset management system that also automates procurement processes for the future – all data-driven via historic asset behaviour and cost of ownership.

What is total cost of ownership?

The total cost of ownership is the purchase price plus the amount you spend to maintain and service that commodity. In many industries, we track the cost of ownership via digital systems so we can make the right decision to maximise the residual value and replace it for new at the right time. In the automotive sector, this process has been sophisticated for many years.

Most gym owners don’t have a digital focus on asset management. Considering fitness equipment is one of the largest capital expenses, due diligence has been poor across our sector. With Orbit4, operators will have their own asset management portal and can make prescriptive decisions for future equipment and service contract purchases.

Don’t go over budget!

Owners and management can allocate a ‘cap spend’ for each product category – for example, treadmills' spend cap could be £1,750. When service and repair tickets are generated and completed over the lifespan of the assets, the cost is attributed to each asset and eats into the ‘cap spend’ and products eventually hit ‘maturity’. At this point, operators are alerted and presented with automated fitness equipment quotes, finance options and instant trade-in valuation via the Orbit4 connected procurement system.

Find out for yourself how much you can save at Orbit4’s official website.
More press releases and updates from Orbit4:
High performance asset management team Orbit4 have just announced their latest partnership with Stronger Wellness.
With the price of just about everything going up, we all need to look again at how we best spend the allocated budget.
According to our poll the first thing 80 per cent of operators and gym owners think about when it’s time to sell gym equipment is how much your equipment is worth.
Social distancing, and all that encompasses the new normal, appears to be here to stay … for a while at least.
No two gyms are the same, but making the most of AI and digital transformation will be key to getting your business ahead in 2022, according to CEO of Orbit4 Daniel Jones.
Orbit4: featured in HCM and Fit Tech magazines
Specifier: At your service
You might be tempted to skip a service, but experts say it will cost you in the long run. Providers tell Steph Eaves why they their work is important to the management of assets
Rob Cunningham, director of leisure at BH Live, explains the positive impact Orbit4 is having on the organisation
Orbit4
Tel: +44 333 034 1637
Address: 7 School Lane, Hartford, Cheshire, CW81NP, UK
Steve Ruffell, country manager – UK & Ireland
Orbit4 video gallery:
Key personnel
Daniel Jones, CEO
Steve Ruffell, country manager – UK & Ireland
Kev Forester, business development manager – UK & Ireland
Key customers
• JD Gyms
• GymBox
• Third Space
• Anytime Fitness
• Life Leisure
• YourTrustRochdale
• BH Live
• Denbighshire Leisure
Testimonial
“Before using Orbit4 we believed we made good financial decisions. Now we know that using data should be part of the process when considering a refurbishment.

“Orbit4 technology is simple and highly effective and because managing operations and the sustainability of our business is paramount to our continued success, we take its functionality very seriously.”

– Marc Diaper, CEO, Gymbox
Testimonial
“Thanks to the immediate improvements to our customers’ experiences, Orbit4 has noticeably increased our Net Promoter Score. The platform has greatly enhanced our operational efficiencies”

– Rob Cunningham, director of leisure, BH Live
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