factual

What must a Pump It Up franchisee submit monthly with their Regional Co-op Fund contribution?

Pump_It_Up Franchise · 2025 FDD

Answer from 2025 FDD Document

You shall submit your Co-op contribution to the Regional Co-op Fund monthly, together with such statements or reports as may be required by us (or by the Regional Co-op Fund with our prior written approval).

Source: Item 23 — RECEIPTS (FDD pages 60–225)

What This Means (2025 FDD)

According to Pump It Up's 2025 Franchise Disclosure Document, franchisees are required to submit their Regional Co-op Fund contributions monthly. Along with the contribution, franchisees must also provide any statements or reports that Pump It Up or the Regional Co-op Fund (with Pump It Up's prior written approval) may require. This ensures that the franchisor and the co-op have adequate oversight and documentation of the funds being collected and spent.

This requirement allows Pump It Up and the Regional Co-op Fund to monitor the financial health of the co-op and ensure that contributions are being made as agreed. The specific statements or reports required are not detailed in this section, giving Pump It Up flexibility to request information as needed. This could include reports on gross revenues, marketing activities, or other relevant data.

For a prospective Pump It Up franchisee, it's important to understand what specific statements or reports will be required monthly, as this could add to the administrative burden of running the franchise. It would be prudent to ask the franchisor for examples of these reports and to clarify the process for submitting contributions and reports to the Regional Co-op Fund.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.