How many Pump It Up businesses in Michigan opened 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, there were no new Pump It Up businesses opened in Michigan during 2023. The FDD indicates that the number of businesses in Michigan remained constant at three throughout 2023. The table provided details the status of Pump It Up businesses across various states, showing the number of businesses at the start of the year, the number opened, terminations, non-renewals, re acquisitions by the franchisor, ceased operations for other reasons, and the number of businesses at the end of the year.
For prospective franchisees, this information is crucial for understanding the growth and stability of the Pump It Up franchise in specific regions. The absence of new openings in Michigan during 2023 could suggest a stable market or potentially limited opportunities for expansion in that state. It is important to note that this data reflects the status as of the end of 2023, and future years may show different trends.
It is also worth noting that the table includes other factors that can affect the net change in the number of businesses, such as terminations, non-renewals, and businesses ceasing operations for other reasons. These factors provide a more comprehensive view of the dynamics within the Pump It Up franchise system and can help potential franchisees assess the risks and opportunities associated with investing in a particular market. Reviewing this table for multiple years can reveal trends and patterns that may not be apparent from a single year's data.