POST YOUR JOB ONLINE
Free ezine/digital edition sign up
Jobs   News   Features   Video    Products   Magazine      Advertise  
PROMOTION
How much money are you wasting by not tracking the cost of your gym equipment?
23 Sep 2022

/ Orbit4
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
– Daniel Jones
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.
Orbit4
Address: 7 School Lane Hartford, Cheshire, CW81NP, United Kingdom

PRODUCT NEWS
Rowcave studio concept brings immersive group rowing experiences to gyms
Aktiv Solutions’ Gym Rax range adds Ecosystem for outdoors and Xponential+ branded areas for indoors
Aktiv Solutions has partnered with Xponential Fitness on its Gym Rax functional training range to create Xponential+ branded on-demand exercise areas.
New CryoLounge+ chair offers 'comfortable cold' experience
WellnessSpace Brands, recently rebranded from HydroMassage, has opened pre-orders for its CryoLounge+ chair – a new hot and cold therapy and compression solution for wellness and fitness facilities.
Eleiko’s new cable attachment transforms Prestera rack space for lifters
Eleiko has launched the Prestera cable attachment which saves space, increases training options and maximises usage of the Prestera rack system.
League Football Education and The Fitness Group partner to create new career pathways for footballers
League Football Education has announced a new partnership with training provider The Fitness Group (TFG) to support its members in gaining training qualifications and packages.
Innerva's innovative power-assisted equipment for wheelchair users wins award
Innerva’s new access range, comprising the power-assisted Rotary Torso and Torso Dip, addresses the issues caused by prolonged wheelchair use. Innerva’s head of product development, Matt Holland, developed the range for gyms and leisure centres. It is a creation that recently won him the Future Leaders Award from Innovate UK, the UK’s innovation agency.
Hyperice introduces heat therapy wearables Venom Go and Venom 2
Hyperice has launched two heat therapy products Venom Go and Venom 2. Both incorporate the company’s new HyperHeat technology, which is designed to maximse the even distribution of heat across the body.
Escape Fitness releases MARS 2.0 digital coaching station with smart screen
Escape Fitness has overhauled its Multi Activity Resource Station (MARS) and launched MARS 2.0 to provide members with a more personalised training experience.
Time to get up to date with Digital Marketing, join the launch.
The Digital Marketing HUb (DMH) is a CIMSPA initiative, which has secured an additional grant from Sport England to fund the Digital Marketing Hub.
Westminster Lodge Leisure Centre begins refurbishments to improve facility
A local leisure centre has begun work on a £1,000,000 refurbishment to provide state-of-the- art facilities for local people.
OTS Pulse means better customer service and investment optimisation, says CEO Ramon Gabikagogeaskoa
Whether going to the spa or gym, customers need to know that their belongings are secure – and, following the pandemic, the more contactless the process, the better.
Keiser releases new M Series Cardio App
Keiser has announced the release of an all-new version of its popular M Series cardio app.
+ More products  
LATEST JOBS
Fitness Motivator and Personal Trainer
Everyone Active
Salary:
Job location: Middlesbrough
Fitness Motivator and Personal Trainer
Everyone Active
Salary:
Job location: Wembley, London
Gym Manager
Pioneer Wilton Centre
Salary: unlimited earnings
Job location: Wilton Centre, Redcar , United Kingdom
+ More jobs  

COMPANY PROFILES
Everyone Active

Everyone Active operates leisure centres in partnership with local councils across the UK. Today, Ev [more...]
Funxtion International BV

Funxtion is the only independent B2B company that offers a full ecosystem of customizable digital fi [more...]
+ More profiles  
CATALOGUE GALLERY
 
+ More catalogues  

DIRECTORY
+ More directory  
DIARY

 

29-30 Nov 2022

International Wellness Tourism Conference

Eden Roc, Cap Cana and Melia Punta Cana Beach, Punta Cana, Dominican Republic
29-30 Nov 2022

World Halotherapy Global Symposium

Virtual, United Kingdom
+ More diary  
 
ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
 
HCM
LEISURE OPPORTUNITIES
HEALTH CLUB HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2022
Jobs    News   Products   Magazine
PROMOTION
How much money are you wasting by not tracking the cost of your gym equipment?
23 Sep 2022

/ Orbit4
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
– Daniel Jones
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.
Orbit4
Address: 7 School Lane Hartford, Cheshire, CW81NP, United Kingdom

PRODUCT NEWS
Rowcave studio concept brings immersive group rowing experiences to gyms
Aktiv Solutions’ Gym Rax range adds Ecosystem for outdoors and Xponential+ branded areas for indoors
Aktiv Solutions has partnered with Xponential Fitness on its Gym Rax functional training range to create Xponential+ branded on-demand exercise areas.
New CryoLounge+ chair offers 'comfortable cold' experience
WellnessSpace Brands, recently rebranded from HydroMassage, has opened pre-orders for its CryoLounge+ chair – a new hot and cold therapy and compression solution for wellness and fitness facilities.
Eleiko’s new cable attachment transforms Prestera rack space for lifters
Eleiko has launched the Prestera cable attachment which saves space, increases training options and maximises usage of the Prestera rack system.
League Football Education and The Fitness Group partner to create new career pathways for footballers
League Football Education has announced a new partnership with training provider The Fitness Group (TFG) to support its members in gaining training qualifications and packages.
Innerva's innovative power-assisted equipment for wheelchair users wins award
Innerva’s new access range, comprising the power-assisted Rotary Torso and Torso Dip, addresses the issues caused by prolonged wheelchair use. Innerva’s head of product development, Matt Holland, developed the range for gyms and leisure centres. It is a creation that recently won him the Future Leaders Award from Innovate UK, the UK’s innovation agency.
Hyperice introduces heat therapy wearables Venom Go and Venom 2
Hyperice has launched two heat therapy products Venom Go and Venom 2. Both incorporate the company’s new HyperHeat technology, which is designed to maximse the even distribution of heat across the body.
Escape Fitness releases MARS 2.0 digital coaching station with smart screen
Escape Fitness has overhauled its Multi Activity Resource Station (MARS) and launched MARS 2.0 to provide members with a more personalised training experience.
Time to get up to date with Digital Marketing, join the launch.
The Digital Marketing HUb (DMH) is a CIMSPA initiative, which has secured an additional grant from Sport England to fund the Digital Marketing Hub.
Westminster Lodge Leisure Centre begins refurbishments to improve facility
A local leisure centre has begun work on a £1,000,000 refurbishment to provide state-of-the- art facilities for local people.
OTS Pulse means better customer service and investment optimisation, says CEO Ramon Gabikagogeaskoa
Whether going to the spa or gym, customers need to know that their belongings are secure – and, following the pandemic, the more contactless the process, the better.
Keiser releases new M Series Cardio App
Keiser has announced the release of an all-new version of its popular M Series cardio app.
+ More products   
 
COMPANY PROFILES
Everyone Active

Everyone Active operates leisure centres in partnership with local councils across the UK. Today, Ev [more...]
+ More profiles  
CATALOGUE GALLERY
+ More catalogues  

DIRECTORY
+ More directory  
DIARY

 

29-30 Nov 2022

International Wellness Tourism Conference

Eden Roc, Cap Cana and Melia Punta Cana Beach, Punta Cana, Dominican Republic
29-30 Nov 2022

World Halotherapy Global Symposium

Virtual, United Kingdom
+ More diary  
 


ADVERTISE . CONTACT US

Leisure Media
Tel: +44 (0)1462 431385

©Cybertrek 2022

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS