If Pump It Up leases the premises from me, what is the minimum initial term of the lease?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
B. Lease of Premises.
(1) If you propose to lease or sublease the Premises for the Franchised Business, you must provide us with a copy of the fully executed lease or sublease (either, the "Lease") for the
Premises within 10 days after you execute the contract for the site of the Franchised Business. The Lease must not contain any covenants or other obligations that would prevent you from performing your obligations under this Agreement. Unless waived in writing by us, any Lease must contain provisions that satisfy the following requirements during the entire term of the Lease, including any renewal terms:
- (a) The initial term of the Lease must be no less than ten years.
If you present a lease to us and the term of that lease agreement is less than ten years, we may reject the site and/or the lease agreement.
(b) The landlord consents to your use of the proprietary signs and the Marks prescribed by us, and upon the expiration or earlier termination of the Lease, consents to permit you, at your sole expense, to remove all such items, so long as you make repairs to the Premises caused by such removal.
(c) The landlord agrees to provide us (at the same time sent to you) a copy of all amendments, assignments and notices of default pertaining to the Lease and the Premises.
(d) We reserve the right to enter the Premises to make any modifications or alterations necessary to protect the System and the Marks, to cure, within the time periods provided by the Lease, any default under the Lease, all without being guilty of trespass or other tort, and to charge you for any costs relating to any action under this Section.
(e) The landlord agrees that you will be solely responsible for all obligations, debts and payments under the Lease.
We do not agree to, and will not agree to, be a guarantor for any Lease.
- (f) The landlord agrees that following the expiration or earlier termination of this Agreement, you will have the right to make those alterations and modifications to the Premises as may be necessary to clearly distinguish to the public that the Premises are not a Pump It Up Business, and also make those specific additional changes as we reasonably may request for that purpose.
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, if a franchisee proposes to lease the premises for their Pump It Up business, the initial term of the lease must be no less than ten years. Pump It Up may reject the site or the lease agreement if the lease term is less than ten years.
This requirement ensures that Pump It Up franchisees have a secure location for a sufficient period to establish and operate their business. The ten-year minimum term aligns with the typical franchise agreement duration, allowing franchisees to benefit from their investment and efforts over a substantial period.
Pump It Up also requires that the lease agreement contains provisions that allow the franchisee to use the proprietary signs and marks and to remove these items at their own expense upon the expiration or earlier termination of the lease, provided they repair any damage caused by the removal. The landlord must also agree to provide Pump It Up with copies of all amendments, assignments, and notices of default related to the lease and premises. Pump It Up reserves the right to enter the premises to make modifications or alterations to protect the system and marks or to cure any default under the lease, charging the franchisee for any related costs. The landlord must acknowledge that the franchisee is solely responsible for all obligations, debts, and payments under the lease, and Pump It Up will not act as a guarantor for any lease. Finally, the landlord must agree that following the expiration or earlier termination of the Franchise Agreement, the franchisee has the right to make alterations to distinguish the premises from a Pump It Up business, including any additional changes reasonably requested by Pump It Up for that purpose.