Where did the Guarantor execute the guarantee for Pump It Up?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
The Guarantor executes this guarantee at Phoenix, Arizona on this 14 day of April 2025.
Guarantor: FB HOLDINGS, LLC
Name: Lauren Tebbenhoff
Title: President
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, the Guarantor, FB HOLDINGS, LLC, executed the guarantee at Phoenix, Arizona. The document specifies that the guarantee was executed on April 14, 2025. This indicates the location and date where the Guarantor officially committed to assuming the duties and obligations of Pump It Up Holdings, LLC under the franchise agreement.
This guarantee is a legal commitment from FB HOLDINGS, LLC to cover the obligations of Pump It Up Holdings, LLC under the franchise registration and Franchise Agreement. This ensures that franchisees have recourse to FB HOLDINGS, LLC if Pump It Up Holdings, LLC fails to meet its obligations. The guarantee remains in effect until all obligations are satisfied or the liability of Pump It Up Holdings, LLC to its franchisees is completely discharged.
For a prospective Pump It Up franchisee, this guarantee provides an additional layer of security. It means that in the event Pump It Up Holdings, LLC cannot fulfill its duties, FB HOLDINGS, LLC is legally bound to step in and assume those responsibilities. This can be a significant factor in assessing the stability and reliability of the franchise.