Consignment Program Overview
The SFE Consignment Program allows customers to sell their used fitness equipment through Sports & Fitness Exchange while upgrading or making room for new equipment. SFE manages pricing, marketing, and sales, making the process simple and hands-off for the customer.
Eligibility & Pre-Approval
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Initial Submission - sales@sportsandfitnessexchange.com
Customers submit photos and relevant details of the equipment they wish to consign (brand, model, condition, age, and any known issues). -
Review & Approval
SFE reviews the submission and determines whether the equipment qualifies for the program.
Consignment Terms
- Consignment Fee (Cash Payout): 50% of the final selling price
- Optional Store Credit: Customers may choose 70% store credit instead of the 50% cash payout. Store credit cannot be applied until the unit has sold in order to determine the credit amount.
- Selling Period: 90-day agreed selling plan
Pricing & Discount Schedule
- SFE sets the initial selling price based on market demand and condition.
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The price is discounted automatically according to the following schedule:
- Day 1–30: Original agreed price
- Day 31–60: 15% price reduction
- Day 61–90: Additional 15% price reduction
- Equipment is sold at the best available market price within the 90-day period. If the product does not sell in the 90 day period, a new consignment agreement must be signed by both parties.
Swap & Delivery Process
- If the customer is purchasing new equipment from SFE, the order is paid in full upfront.
- On delivery day, SFE will swap the old equipment for the new equipment at the customer’s location.
- The consigned equipment is transported back to the SFE warehouse.
Sale & Payout
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Once the equipment sells, SFE issues payment to the customer based on the selected payout option:
- 50% Cash Payout: Customer receives a check for 50% of the final selling price.
- 70% Store Credit: Customer receives store credit equal to 70% of the final selling price, usable toward future purchases at SFE.
- Payment is issued after the sale is completed and funds are collected.
Important Notes
- SFE retains full control over pricing and discounting during the consignment period.
- Equipment must be in working condition unless otherwise agreed upon in writing.
- Unsold equipment at the end of the 90-day period will be discussed with the customer for next steps.
Benefits to the Customer
- Hassle-free selling with no marketing or buyer coordination
- Convenient swap during new equipment delivery
- Higher value option through store credit
- Professional pricing and sales management by SFE
For questions or to start the consignment process, customers can contact Sports & Fitness Exchange directly.