How many Pump It Up franchised locations closed during 2023?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
| Pump It Up | BounceU | ||
|---|---|---|---|
| Franchised Locations: | |||
| Store Count as of December 31, 2022 | 48 | 11 | |
| Store Openings During 2023 | - | - | |
| Store Closings During 2023 | (2) | - | |
| Store Count as of December 31, 2023 | 46 | 11 |
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, there were 2 franchised locations that closed during 2023. At the start of the year on December 31, 2022, there were 48 locations. By the end of 2023, the number of locations decreased to 46.
This information is crucial for potential franchisees as it provides insight into the stability and performance of existing Pump It Up franchises. A high number of closures could indicate underlying issues with the franchise model, market saturation, or other factors that may impact the success of a new franchise.
It's important to note that while the document provides the number of closures, it does not specify the reasons for these closures. Prospective franchisees should inquire about the reasons for these closures to better understand the risks and opportunities associated with investing in a Pump It Up franchise.