What is the minimum initial term required for a lease agreement presented to Pump It Up?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
the construction at all reasonable times. The construction or build out of the Franchised Business must be done at your own expense, in accordance with the site layout and plans and specifications, and in accordance with the terms of your lease for the Premises (if any).
B. Lease of Premises.
(1) If you propose to lease or sublease the Premises for the Franchised Business, you must provide us with a copy of the fully executed lease or sublease (either, the "Lease") for the
Premises within 10 days after you execute the contract for the site of the Franchised Business. The Lease must not contain any covenants or other obligations that would prevent you from performing your obligations under this Agreement. Unless waived in writing by us, any Lease must contain provisions that satisfy the following requirements during the entire term of the Lease, including any renewal terms:
- (a) The initial term of the Lease must be no less than ten years. If you present a lease to us and the term of that lease agreement is less than ten years, we may reject the site and/or the lease agreement.
- (b) The landlord consents to your use of the proprietary signs and the Marks prescribed by us, and upon the expiration or earlier termination of the Lease, consents to permit you, at your sole expense, to remove all such items, so long as you make repairs to the Premises caused by such removal.
- (c) The landlord agrees to provide us (at the same time sent to you) a copy of all amendments, assignments and notices of default pertaining to the Lease and the Premises.
- (d) We reserve the right to enter the Premises to make any modifications or alterations necessary to protect the System and the Marks, to cure, within the time periods provided by the Lease, any default under the Lease, all without being guilty of trespass or other tort, and to charge you for any costs relating to any action under this Section.
- (e) The landlord agrees that you will be solely responsible for all obligations, debts and payments under the Lease. We do not agree to, and will not agree to, be a guarantor for any Lease.
- (f) The landlord agrees that following the expiration or earlier termination of this Agreement, you will have the right to make those alterations and modifications to the Premises as may be necessary to clearly distinguish to the public that the Premises are not a Pump It Up Business, and also make those specific additional changes as we reasonably may request for that purpose.
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, if a franchisee proposes to lease a location for their Pump It Up business, the initial term of the lease must be no less than ten years. If the lease agreement is for a term less than ten years, Pump It Up may reject the site and/or the lease agreement.
This requirement ensures that Pump It Up franchisees have long-term stability at their chosen location, aligning with the initial term of the franchise agreement itself, which is also ten years. This protects the franchisee's investment and allows them sufficient time to build and grow their business without the immediate concern of lease expiration.
In addition to the lease term, Pump It Up also requires that the lease agreement includes specific provisions that protect their brand and operational standards. These provisions include the landlord's consent to the use of Pump It Up's proprietary signs and marks, the right for Pump It Up to enter the premises for modifications or to cure defaults, and the landlord's agreement not to modify the lease without Pump It Up's written consent. These stipulations are designed to maintain consistency and quality across all Pump It Up franchise locations and to safeguard the brand's reputation.
Pump It Up's thorough review of the lease agreement does not act as a guarantee of the success or profitability of the franchise at the location. The review is to ensure that the lease terms meet Pump It Up's criteria. It is the franchisee's responsibility to assess the suitability of the location and the financial terms of the lease.