For Pump It Up, what entity's audited consolidated financial statements are included in Exhibit G?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached hereto as Exhibit G are audited consolidated financial statements for our parent company FB Holdings, LLC for the year ended December 31, 2024, for the year ended December 31, 2023, and for the year ended December 31, 2022.
You have not been provided with financial statements of the Franchisor, Pump It Up Holdings, LLC. Therefore, you do not have knowledge of how this specific company has performed. However, FB Holdings, LLC has agreed absolutely and unconditionally to guarantee to assume the duties and obligations of Franchisor under the franchise agreements entered into by Franchisor should Franchisor become unable to perform its duties and obligations. A copy of FB Holdings, LLC's guaranty is included with Exhibit G.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 59)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, Exhibit G contains the audited consolidated financial statements for FB Holdings, LLC, the parent company, for the years ended December 31, 2024, December 31, 2023, and December 31, 2022.
It is important to note that the financial statements of the franchisor, Pump It Up Holdings, LLC, are not included in the FDD. This means a prospective franchisee will not have direct insight into the financial performance of the specific company they will be franchising with.
However, FB Holdings, LLC, has agreed to guarantee the obligations of Pump It Up Holdings, LLC, under the franchise agreements. This guaranty, included in Exhibit G, provides some assurance that the parent company will step in if the franchisor cannot fulfill its duties. A potential franchisee should carefully review these consolidated statements and the guaranty to understand the financial stability of the parent company and the extent of its commitment to supporting the Pump It Up franchise system.