What is the minimum lease term required for a Pump It Up Franchised Business location?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
The lease that you sign for your Franchised Business must be for a term of no less than ten years.
The lease payment you will make to third-party landlords will vary considerably depending upon the property size, location, and market conditions, however, we estimate that your payment will fall within the range provided in the chart above.
Lease agreements may include the following expenses: taxes, insurance,
maintenance, fixed rent (with escalations), common area charges, percentage rent, principal and interest on tenant improvement loans, and other charges related to the operation of the Franchised Business.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 21–25)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, the lease for a franchised business location must be for a minimum term of ten years. This requirement ensures that franchisees have a stable location for their business operations over a significant period.
Securing a lease of this duration is a critical step for prospective Pump It Up franchisees. The ten-year minimum term provides a foundation for building a customer base and establishing the business within the community. It also aligns with the typical franchise agreement term, allowing franchisees to operate without the immediate concern of lease renewal.
However, franchisees should carefully consider the implications of a long-term lease. Market conditions, business performance, and personal circumstances can change significantly over ten years. Franchisees should negotiate favorable terms, including options for renewal or early termination, to mitigate potential risks. Additionally, the FDD notes that lease agreements may include expenses such as taxes, insurance, maintenance, fixed rent (with escalations), common area charges, percentage rent, principal and interest on tenant improvement loans, and other charges related to the operation of the Franchised Business. Franchisees should factor these costs into their financial projections and ensure they can meet their lease obligations throughout the term.
Prospective franchisees should consult with legal and real estate professionals to review the lease agreement and understand their rights and responsibilities. This due diligence will help them make informed decisions and protect their investment in the Pump It Up franchise.