In 2022, how many Pump It Up businesses were operating in Minnesota at the start of the year?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 0 | | Washington | 2022 | 0 | | | 2023 | 0 | | | 2024 | 2 | | Total | 2022 | 2 | | | 2023 | 3 | | | 2024 | 4 | Table No. 3 Status of Franchised Pump It Up Businesses
For Years 2022 to 2024 (1)
| State | Year | Businesses at Start of Year (3) | Businesses Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations Other Reasons (4) | Businesses at End of Year |
|---|---|---|---|---|---|---|---|---|
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| AL | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2024 | 2 | 0 | 0 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 55–59)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, there was one Pump It Up business operating in Minnesota at the start of 2022. The table provided in Item 20 of the FDD outlines the status of franchised Pump It Up businesses from 2022 to 2024, showing the number of businesses at the start of the year, businesses opened, terminations, non-renewals, businesses reacquired by the franchisor, businesses that ceased operations for other reasons, and the number of businesses at the end of the year.
For a prospective franchisee, this information is valuable in understanding the historical presence and stability of the Pump It Up brand in Minnesota. The fact that there was one business at the beginning of 2022 and that no additional businesses opened or closed during that year indicates a stable market presence, at least in the short term.
However, it's important to note that this data only reflects the number of franchised locations and does not include any company-owned locations, as indicated by a separate table showing zero company-owned businesses in Minnesota during the same period. Additionally, the table includes footnotes that provide further context, such as the fact that the numbers are as of December 31 of each year and that additional information about franchisees can be found in the exhibits mentioned in the footnotes.