What factors determine the Pump It Up transfer fee amount?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
| Cable/Satellite | | | | | Television Fee (5) | | | |
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Transfer Fee (1) | $10,000-$20,000 The fee will depend on level of initial training and support that the prospective transferee will require as part of the transfer. | $3,000 Transfer Deposit payable when we receive notice that you have identified a potential buyer and signed a purchase agreement; balance is due when PIU issues its consent to the transfer. | The Transfer Fee is not refundable. If the closing for the transfer does not occur and/or the prospective transferee has not fully completed our training program, we will not refund the Transfer Deposit. If during the 12-month period following your initial notice of the transfer, you identify another transferee, then we will apply the Transfer Deposit to the Transfer Fee for that |
Source: Item 6 — OTHER FEES (FDD pages 15–21)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, the transfer fee ranges from $10,000 to $20,000. The primary factor determining the specific fee amount is the level of initial training and support that the prospective transferee will require as part of the transfer process. This suggests that Pump It Up assesses the transferee's experience and capabilities to determine the resources needed to ensure a smooth transition and continued success.
Pump It Up also requires a $3,000 transfer deposit when the franchisee identifies a potential buyer and signs a purchase agreement. The balance of the transfer fee is due when Pump It Up issues its consent to the transfer. This deposit is non-refundable, even if the transfer does not occur or the prospective transferee does not complete the training program. However, if the initial transfer falls through and the franchisee identifies another transferee within 12 months, the deposit can be applied to the transfer fee for the new transferee.
Prospective Pump It Up franchisees should note that the transfer fee is subject to state law, which may impose additional regulations or limitations. It is important to understand the specific requirements in their state to ensure compliance. The non-refundable nature of the transfer deposit also highlights the importance of carefully vetting potential buyers and ensuring their commitment to completing the transfer process and training program.