What expenses might be included in the lease agreement for a Pump It Up franchise location?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
The lease that you sign for your Franchised Business must be for a term of no less than ten years.
The lease payment you will make to third-party landlords will vary considerably depending upon the property size, location, and market conditions, however, we estimate that your payment will fall within the range provided in the chart above.
Lease agreements may include the following expenses: taxes, insurance,
maintenance, fixed rent (with escalations), common area charges, percentage rent, principal and interest on tenant improvement loans, and other charges related to the operation of the Franchised Business.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 21–25)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, lease agreements for a franchise location may include several expenses. These can include taxes, insurance, maintenance, fixed rent (potentially with escalations), common area charges, percentage rent, principal and interest on tenant improvement loans, and other charges related to operating the franchise.
Pump It Up estimates that the lease payment will vary considerably depending upon the property size, location, and market conditions. The FDD indicates that franchisees must sign a lease for a term of no less than ten years.
Prospective franchisees should carefully review all lease terms and conditions with a business advisor to fully understand their financial obligations. Understanding these potential costs is crucial for budgeting and financial planning when starting a Pump It Up franchise.