Cornwall Leisure centre celebrates refurbishment
Date: 26/02/2007 - Category: Leisure
LUX Parl Leisure Centre in Cornwall is celebrating the completion of the first phase of its refurbishment with the re-opening of its gym.
Flexibility to fitness equipment budgets
There is often internal resistance to additional, perhaps unforeseen, expenditure from limited budgets. Our equipment finance solutions can be modeled to fall within your capital and revenue budgets, whilst allowing the introduction of new fitness equipment at the most advantageous time.
Avoids technology obsolescence
Typically a finance agreement is written over a term that matches the minimum predicted useful life of the equipment. This encourages a discipline of regular equipment refresh, which can improve membership retention. Maintenance and support costs can also be reduced dramatically by having regularly upgraded fitness equipment.
Leases conserve vital cash resources by eliminating the capital costs of purchase. Cash raised through a sale and leaseback transaction can be re-invested in your core business activities, potentially increasing profitability.
Additional credit source
Leases can be an additional source of finance. Existing credit lines are preserved and are available for use in your core activities.
Off-balance sheet status
Assets financed under a lease contract may be treated as off-balance sheet. This may improve your financial ratios and ability to raise external finance and your overall cost of capital.
Summit's simple approach to lease administration keeps costs low and the process
easy to manage.
Master Credit Facility
Master Lease Agreement
Sales and Leaseback
Managed Equipment Service
Fitness Equipment Asset Management
End of Lease Options