Pilates Community Forum > Question About Leasing Pilates Equipment...

I am hoping for a little guidance regarding leasing Pilates equipment. In September, I closed my studio which had been open for two and a half years and moved everything to a home based studio. Unfortunately, my home based studio is located in a rural area and I have lost many of my existing clients. Furthermore, I have not gained any new clients in my new location. After two months now without any income, I have decided to explore my options...

I recently met with our local YMCA, in the city where my former studio was located. They are very excited about adding Pilates to their list of programs and have offered to bring me in as an Independent Contractor. They have also been extremely generous too in offering many benefits in addition to a very commendable split. As far as equipment goes, they do not currently have any Pilates apparatus. They seem open to purchasing their own equipment but also mentioned leasing my personal equipment in order to help me get started sooner. If the former were to occur, they also have assured me that no other instructors or trainers will have access to my equipment.

Therein lies, the problem! The Wellness Director contacted me today and asked what value I would lease my equipment for, if that is the direction we end up taking. I really have no idea!!! My personal equipment consists of a Gratz Classic Reformer and Balanced Body Combo Chair, Cadillac and Barrel. I would also be bringing in a Half Barrel and some other basic props. Based on what I have, what value should I ask for!? Also, how exactly does the leasing work? Is a fee paid to me monthly, quarterly, etc!? Any input that anyone can give would be greatly appreciated. I don't want to go into this blindly and I surely don't want to be taken advantage of.

Please help, I appreciate it very much!!! Thanks for reading and contributing... :)

November 16, 2011 | Unregistered CommenterKelly