As of the date of this Pump It Up FDD, what is the status of the Virginia addendum?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
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, Virginia is one of the states that has franchise laws requiring the franchise disclosure document to be registered or filed with the state, or be exempt from registration. This indicates that Pump It Up franchises are available in Virginia, and the FDD has been properly registered, filed, or exempted in that state. This suggests that Pump It Up is actively offering franchises in Virginia and has taken the necessary legal steps to do so.
For a prospective franchisee, this means that the Pump It Up franchise opportunity is legitimate and compliant with Virginia's franchise laws. The franchisee will be afforded the protections and rights provided under Virginia's franchise regulations. It also implies that Pump It Up has experience operating within the legal framework of Virginia, which can be beneficial for franchisees in terms of guidance and support.
It is important for potential franchisees to carefully review the Virginia franchise laws and consult with legal counsel to fully understand their rights and obligations. While the FDD's registration in Virginia provides a level of assurance, franchisees should still conduct thorough due diligence to ensure the franchise opportunity aligns with their business goals and risk tolerance.