Does Pump It Up currently charge a successor term fee?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Successor Term Fee (1) | Currently, we do not charge a Successor Term Fee. We reserve the right to charge as a Successor Term Fee 25% of the initial franchise fee then being charged to new franchisees in the future. | No less than 6 months prior to the end of the Term of your Franchise Agreement. | If we charge a Successor Term Fee, it is payable with the delivery of notice that you intend to enter into a Successor Franchise Agreement with us. |
Source: Item 6 — OTHER FEES (FDD pages 15–21)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, the company does not currently charge a successor term fee. However, Pump It Up retains the right to charge a Successor Term Fee in the future. This fee could be 25% of the initial franchise fee that Pump It Up is charging to new franchisees at the time of renewal.
If Pump It Up decides to implement this fee, it would be due no less than six months before the end of the current franchise agreement term. Payment would be required when the franchisee delivers notice of their intent to enter into a Successor Franchise Agreement with Pump It Up.
While not currently charged, the potential for a successor term fee is something a prospective franchisee should consider. It is common for franchise agreements to include renewal fees, often calculated as a percentage of the initial franchise fee or based on prevailing rates. Franchisees should inquire about the likelihood of this fee being implemented and factor it into their long-term financial projections.