What do the leasehold improvements estimates for a Pump It Up franchise include?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
- (5) Leasehold Improvements.
The Site and building improvements estimate includes estimated expenditures for building permits, interior construction, HVAC, electrical, plumbing, and wall, window, and floor coverings and does not include exterior site improvements (parking, ingress, egress, etc.).
Exterior site improvements are not customary and, if required, vary dramatically by location.
The low and high estimates include an allowance that some landlords may provide in
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 21–25)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, the leasehold improvements estimate includes expenditures for building permits, interior construction, HVAC, electrical, plumbing, and wall, window, and floor coverings. The estimate does not include exterior site improvements like parking or access routes.
The low and high estimates for leasehold improvements consider that some landlords may provide a tenant improvement allowance, potentially covering 0-100% of the total improvement costs. For example, if a franchisee negotiates a significant tenant finish allowance, their initial investment for leasehold improvements could be $0.00.
The actual costs for tenant finish will largely depend on factors such as the square footage, initial condition, and location of the site, the site's prior use, whether the landlord provides a tenant finish allowance, and the overall construction costs in the market. Prospective Pump It Up franchisees should carefully consider these variables and consult with experienced contractors to develop realistic cost projections for their specific location.