For Pump It Up, what is the legal relationship between the franchisor and FB Holdings, LLC?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
Our parent company is FB Holdings, LLC. FB Holdings, LLC is owned by TNC FB Holdings, LLC. TNC FB Holdings, LLC is owned by our ultimate parent, Outlier Holdings, LLC. The principal business address for FB Holdings, LLC, TNC FB Holdings, LLC and Outlier Holdings, LLC is 4343 E. Outlier Blvd., Suite 300, Phoenix, AZ 85008.
FB Holdings, LLC owns the Pump It Up System and the Marks, as described below. We have the right, pursuant to a Trademark License Agreement dated July 7, 2008, which was assigned to FB Holdings, LLC on June 5, 2015, to grant franchises using the System and the Marks. We do not offer franchises in any other line of business.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 59)
What This Means (2025 FDD)
According to the 2025 Pump It Up Franchise Disclosure Document, FB Holdings, LLC is the parent company of Pump It Up Holdings, LLC, which is the franchisor. FB Holdings, LLC owns the Pump It Up system and the associated trademarks. Pump It Up Holdings, LLC has the right to grant franchises using the Pump It Up system and trademarks through a Trademark License Agreement with FB Holdings, LLC, dated July 7, 2008, and assigned to FB Holdings, LLC on June 5, 2015.
FB Holdings, LLC provides a guarantee of performance, ensuring that it will assume the duties and obligations of Pump It Up Holdings, LLC under the franchise agreements should the franchisor become unable to perform its obligations. This guarantee is included as an exhibit in the FDD. The audited consolidated financial statements for FB Holdings, LLC are included in the FDD, but not the financial statements for Pump It Up Holdings, LLC.
In the event that the Trademark License Agreement is terminated due to Pump It Up Holdings, LLC breaching the agreement by not policing the standards under which the marks are used by its franchisees, the rights and obligations under all Franchise Agreements are assigned to FB Holdings, LLC to provide continuity of operations to the franchisees. This arrangement provides a level of security for franchisees, as the parent company is committed to ensuring the franchise system's stability and adherence to standards.