Author Topic: Flipping Fitness Equipment  (Read 3926 times)

DividendMoney

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Flipping Fitness Equipment
« on: November 12, 2015, 09:47:47 AM »
There have been many a thread dedicated to Craigslist flips… but, I thought I’d add in my experience here.
I started to outfit my basement home a gym with some basic barbells, adjustable dumbbells and weight plates etc. a few years ago… all used stuff.

In the process I got to know the market for fitness equipment fairly well.
One thing that I constantly see is people wanting to sell huge collections of equipment together and people only really wanting bits and pieces of it.

Essentially, I’ve been buying huge lots of stuff and selling it separately. People that don’t use their home gyms are more than happy to get rid of the stuff if you can take it all… but I don’t buy treadmills or big complex machines… those are hard to sell as they are a dime a dozen.

Basic barbells, Olympic plates, squat racks/cages/stands and dumbbells are easy to sell individually and can be had for deep discounts if you buy collections of them when someone is moving or unloading their entire home gym.

For you mustachians that still drive gas guzzler trucks and live in McMansions with 8 car garages, you can justify it by flipping gym equipment on Craigslist now :)

You’re welcome!

Matt in Akron

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Re: Flipping Fitness Equipment
« Reply #1 on: November 13, 2015, 07:42:45 AM »
I like it!  Where are you located?  Have you noticed any seasonal trends on either the purchasing or selling side of the business?

DividendMoney

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Re: Flipping Fitness Equipment
« Reply #2 on: November 13, 2015, 08:34:22 AM »
I haven’t really been paying attention too much to season trends, but the spring is when a lot of people move here in the northern mid-west, so I picked up a couple of packages last April.

I sold a rowing machine last week. I don’t usually dip my toe into cardio machines, but this one was a good brand name so I picked it up for $60 and sold it for $400.  The Crossfit trend has made Rowers and Assault bikes (Schwinn Airdyne etc.) some of the only cardio equipment that I would consider.

Along with that Crossfit trend, I’ve been able to flip some strength bands and a foam roller (Rumbleroller) as well. Pretty low margins on those though… not something I would do actively, but I just asked a guy to throw them in with the rest of the stuff I was buying.