How many Pump It Up businesses in Michigan were operating at the start of 2024?
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 3 Pump It Up businesses operating in Michigan at the start of 2024. The table provided in Item 20 includes a breakdown of the number of businesses at the start of the year, businesses opened, terminations, non-renewals, businesses reacquired by the franchisor, businesses that ceased operations for other reasons, and the number of businesses at the end of the year for each state.
For Michigan, the table shows that in 2023 there were 3 businesses at the start of the year and 3 businesses at the end of the year. In 2024, there were 3 businesses at the start of the year and 3 businesses at the end of the year. This indicates that no new Pump It Up businesses opened or closed in Michigan during 2023 or 2024.
This information is valuable for prospective franchisees as it provides insight into the stability and growth of Pump It Up businesses in specific states. A consistent number of businesses, as seen in Michigan, might suggest a stable market, but it's important to investigate further to understand the factors influencing this stability, such as market saturation or strong local competition. It is important to note that the numbers provided are as of December 31 of each year.