For Pump It Up, what entity guarantees the obligations of the franchisor, Pump It Up Holdings, LLC?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
For value received, FB HOLDINGS, LLC, an Arizona limited liability company (the "Guarantor"), located at 4343 E. Outlier Blvd., Suite 220, Phoenix, AZ 85008, absolutely and unconditionally guarantees to assume the duties and obligations of PUMP IT UP HOLDINGS, LLC, an Arizona Limited Liability Company, located at 4343 E. Outlier Blvd., Suite 220, Phoenix, AZ 85008 (the "Franchisor"), under its franchise registration in each state where the franchise is registered, and under its Franchise Agreement identified in its 2025 Franchise Disclosure Document, as it may be amended, and as that Franchise Agreement may be entered into with franchisees and amended, modified or extended from time to time. This guarantee continues until all such obligations of the Franchisor under its franchise registrations and 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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 59)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, FB Holdings, LLC, the parent company of Pump It Up Holdings, LLC, guarantees the obligations of the franchisor. This guarantee means that FB Holdings, LLC has agreed to assume the duties and obligations of Pump It Up Holdings, LLC under the franchise registration in each state where the franchise is registered and under the Franchise Agreement. The address for FB Holdings, LLC is 4343 E. Outlier Blvd., Suite 220, Phoenix, AZ 85008.
This guarantee remains in effect until all obligations of Pump It Up Holdings, LLC under its franchise registrations and the Franchise Agreement are satisfied, or until the liability of the franchisor to its franchisees under the Franchise Agreement has been completely discharged. The guarantee ensures that FB Holdings, LLC will not be released from liability if a franchisee's claim against Pump It Up Holdings, LLC remains outstanding.
Prospective franchisees should note that this guarantee provides an added layer of security. If Pump It Up Holdings, LLC is unable to fulfill its obligations, FB Holdings, LLC is legally bound to step in and assume those responsibilities. This arrangement is beneficial for franchisees as it mitigates some of the risk associated with the financial stability of the specific franchise entity, Pump It Up Holdings, LLC. Furthermore, the FDD includes audited consolidated financial statements for FB Holdings, LLC, allowing prospective franchisees to review the financial health of the guarantor.