As of what date are the franchisee numbers for 2022-2024 calculated for Pump It Up?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
NOTES FOR TABLE NOS. 1-3:
- (1) The numbers for 2022-2024 are as of December 31 of each year.
- (2) The franchisees that transferred Pump It Up Businesses are identified in Exhibit I.
- (3) Exhibit I includes a list of all franchisees who have signed a Franchise Agreement, but who have not yet opened a Franchised Business.
- (4) Exhibit I includes a list of the name, address and telephone number of the franchisees who had a Franchise Agreement terminated, canceled or not renewed or who otherwise voluntarily or involuntarily ceased to do business under a Franchise Agreement (including any transfer) during our last fiscal year or who have not communicated with us within 10 weeks of the issuance date of this disclosure document.
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, the franchisee numbers for the years 2022 through 2024 are calculated as of December 31st of each respective year. This means that the figures provided for the number of franchises at the start and end of each year, as well as any changes in the number of franchises, reflect the status of the Pump It Up system on the last day of each year.
For a prospective franchisee, this date is important because it provides a snapshot of the franchise system's growth and stability at a specific point in time. Reviewing these year-end figures allows potential franchisees to assess trends in the number of operating franchises, closures, and transfers over the three-year period. This information can be helpful in evaluating the overall health and attractiveness of the Pump It Up franchise opportunity.
It is important to note that while the year-end figures provide a useful overview, they do not capture any changes that may have occurred during the year. For a more complete understanding, a prospective franchisee should also consider the number of franchises opened, terminated, or transferred throughout each year, as detailed in other tables and exhibits within Item 20 of the FDD. Additionally, it is advisable to speak with current and former Pump It Up franchisees to gain further insights into their experiences and the factors that may have influenced the performance of their businesses.