How many Pump It Up businesses in Maryland ceased operations for other reasons in 2023?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 0 | | Washington | 2022 | 0 | | | 2023 | 0 | | | 2024 | 2 | | Total | 2022 | 2 | | | 2023 | 3 | | | 2024 | 4 | Table No. 3 Status of Franchised Pump It Up Businesses
For Years 2022 to 2024 (1)
| State | Year | Businesses at Start of Year (3) | Businesses Opened | Terminations | Non- Renewals | Reacquired by Franchisor | Ceased Operations Other Reasons (4) | Businesses at End of Year |
|---|---|---|---|---|---|---|---|---|
| 2022 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| AL | 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 |
| 2024 | 2 | 0 | 0 | 0 | 0 | 0 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 55–59)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, one Pump It Up business in Maryland ceased operations for reasons other than termination, non-renewal, or reacquisition by the franchisor during 2023. At the start of 2023, there were two Pump It Up businesses operating in Maryland. By the end of 2023, this number decreased to one due to a business ceasing operations for other reasons.
This information is valuable for potential franchisees as it provides insight into the stability and potential risks associated with operating a Pump It Up franchise in Maryland. Understanding the reasons why a franchise might cease operations, outside of the typical causes like termination or non-renewal, can help a franchisee better prepare for unforeseen challenges.
Prospective franchisees should inquire with Pump It Up about the specific reasons categorized as "other reasons" for closures. Understanding these reasons can provide a clearer picture of the challenges and opportunities within the Maryland market. This information, combined with a thorough market analysis and business plan, can help potential franchisees make a more informed decision.