If I own the premises, what options does Pump It Up have regarding the property?

The 2025 Franchise Disclosure Document for Pump It Up does not explicitly detail the options Pump It Up has regarding the property if a franchisee owns the premises. The document primarily discusses scenarios where the franchisee leases the property. However, it does state that the franchisee must have the right to remain in possession of the premises for the entire duration of the new Franchise Agreement if they elect to continue as a franchisee after the initial term.

In the case of a leased location, Pump It Up has several stipulations to protect their interests. The landlord must agree not to modify the lease in a way that affects the requirements without Pump It Up's written consent. The franchisee may assign the lease to Pump It Up with the landlord's consent, and the landlord must consent to a collateral assignment of the lease to Pump It Up, granting them the option to assume the lease if they take possession of the premises. Pump It Up will not take possession of the Pump It Up Business until the Franchisee defaults and/or receives notice of default under the Lease.

Since the FDD does not cover the specifics of property ownership by the franchisee, it is important for a prospective franchisee to discuss this scenario directly with Pump It Up. Specifically, a potential franchisee should ask about Pump It Up's rights and options concerning the property, any restrictions or requirements Pump It Up may impose on the franchisee's use or disposition of the property, and how property ownership affects the franchise agreement and renewal terms.