For Pump It Up, where can I find a copy of FB Holdings, LLC's guaranty?
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, a copy of FB Holdings, LLC's guaranty is included with Exhibit G. FB Holdings, LLC, the parent company of Pump It Up Holdings, LLC, has agreed to guarantee the duties and obligations of the franchisor, Pump It Up Holdings, LLC, under the franchise agreements. This guaranty is in place should Pump It Up Holdings, LLC become unable to perform its duties and obligations.
Exhibit G also contains the audited consolidated financial statements for FB Holdings, LLC, for the years ended December 31, 2024, December 31, 2023, and December 31, 2022. Because financial statements for Pump It Up Holdings, LLC, the franchisor, are not provided, the financial statements of the parent company, FB Holdings, LLC, give prospective franchisees insight into the financial stability of the overall organization.
Additionally, the Guarantee of Performance by FB Holdings, LLC states that the Guarantor, FB Holdings, LLC, 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, located at the same address, under its franchise registration in each state where the franchise is registered, and under its 2025 Franchise Disclosure Document. The guarantee continues until all 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. The Guarantor executes this guarantee at Phoenix, Arizona on this 14 day of April 2025, with Lauren Tebbenhoff, President, as the signatory.
The following states have franchise laws that require that the Franchise Disclosure Document be registered or filed with the state, or be exempt from registration: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington and Wisconsin. This document is effective and may be used in the following states, where the document is filed, registered or exempt from registration, as of the effective date stated below.