As of the date of this FDD, what is the status of the Pump It Up franchise registration in Maryland?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
the Franchise Agreement are satisfied or until the liability of Franchisor to its franchisees under the Franchise Agreement has been completely discharged, whichever first occurs. The Guarantor is not discharged from liability if a claim by a franchisee against the Franchisor remains outstanding. Notice of acceptance is waived. The Guarantor does not waive receipt of notice of default on the part of the Franchisor. This guarantee is binding on the Guarantor and its successors and assigns.
The Guarantor executes this guarantee at Phoenix, Arizona on this 14 day of April 2025.
Guarantor: FB HOLDINGS, LLC
Name: Lauren Tebbenhoff
Title: President
State Effective Dates
THE FOLLOWING STATES HAVE FRANCHISE LAWS THAT REQUIRE THAT THE FRANCHISE DISCLOSURE DOCUMENT BE REGISTERED OR FILED WITH THE STATE, OR BE EXEMPT FROM REGISTRATION: CALIFORNIA, HAWAII, ILLINOIS, INDIANA, MARYLAND, MICHIGAN, MINNESOTA, NEW YORK, NORTH DAKOTA, RHODE ISLAND, SOUTH DAKOTA, VIRGINIA, WASHINGTON AND WISCONSIN.
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to the 2025 Pump It Up Franchise Disclosure Document, Maryland is one of the states that requires franchise registration or filing. The document is effective and may be used in Maryland as of the effective date stated in the document. Additionally, the Maryland Securities Commissioner requires a financial assurance based on Pump It Up's financial condition.
For prospective Pump It Up franchisees in Maryland, this means that all initial fees and payments owed to Pump It Up are deferred until Pump It Up completes its pre-opening obligations under the franchise agreement and the outlet is opened. This provides a level of financial protection to the franchisee, ensuring that they do not pay fees until Pump It Up has fulfilled its initial responsibilities.
Moreover, the FDD includes specific provisions that apply to franchises offered and sold to residents of Maryland or located in Maryland. These provisions address issues such as termination upon bankruptcy, general releases, choice of law, and waivers of claims under Maryland franchise law. These additional disclosures ensure that Maryland franchisees are aware of their rights and protections under Maryland law.