Getting the right finance key to a successful mobile fitness business

The ongoing growth of personal training, partly fuelled by the Work From Home revolution over the last two years, has also seen the Workout From Home revolution, with many Australians ditching the gym for their own outdoor based exercise.

Instead of trainers  coming to a central location, they’ve opted to go mobile and use their own equipment (or their client’s.) Their clients pay less, and the personal trainer gains more by avoiding costly gym floor rental fees.

Other industry operators such as Stand Up Paddle (SUP) instructors, kayaking instructors, surfing coaches have been using the great outdoors as their training camp for decades – so why not Personal Trainers? Can you take your SUP business mobile? Here are some tips for getting back into your fitness or leisure business away from the gym – or any fixed location!

What you need as a personal trainer
If you want to go mobile as a personal trainer, you’ll need a reliable, sturdy, and easy to drive car that maximises fuel economy as it directly impacts your bottom line

The compact and fuel-efficient Volkswagen Golf or spacious Toyota Corolla are good choices for personal trainers that are focused on reducing overheads. Here are some more great car choices for personal trainers.

Though you will eschew gym rental fees, it’s likely you’ll require car loan finance. The upside to paying off a car loan is that each payment pays off an asset, instead of simply hiring a workspace.

Mobile SUP & kayaking business
Though many SUP and kayaking operators are stuck in a fixed location, many paddleboard instructors have opted to take their business mobile and offer lessons in various locations. This has given them opportunities to cater to a wider range of clientele such as school or corporate camps that are scheduled off season.

The advantage to going mobile reducing fixed costs such as rent, rates, or utilities.. A mobile business will need a van or large commercial vehicle to carry all the paddleboards around, which can also be serviced with a car loan.

Getting the right finance
If you are a business, you can usually apply for a business-oriented car loan such as a chattel mortgage, which gives you tax advantages such as claiming your GST, interest paid, and depreciation.

However, if your business is in its infancy and you haven’t got the best credit, you may need to consider a bad credit car loan. Though bad credit car loans will mean higher than average interest rates, it does give you access to a car or vehicle. This will mean you can begin to make revenue and  service the loan. Over time, if your account is in good standing, you can even refinance to a lower rate (though some conditions may apply.)

If you’ve ever considered taking your fitness or leisure business mobile, there’s never been a better time to do it than now.