How much was spent on the acquisition of property and equipment by Pump It Up in 2022?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
2,125 | - | | Depreciation and Amortization | 318,055 | 317,915 | | Other General and Administrative Expenses | 11,582 | 5,445 | | Total Operating Expenses | 1,676,274 | 1,978,666 | | INCOME FROM OPERATIONS | 1,440,253 | 1,642,706 | | OTHER INCOME | | | | Other Income | 250,000 | 79,174 | | Total Other Income | 250,000 | 79,174 | | NET INCOME | $ 1,690,253 | $ 1,721,880 |
FB HOLDINGS, LLC AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF MEMBER'S EQUITY YEARS ENDED DECEMBER 31, 2024 AND 2023
| 2023 2022 | |||
|---|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net Income | $1,721,880 $ 2,139,299 | ||
| Adjustments to Reconcile Net Income to Net Cash | |||
| Provided by Operating Activities: | |||
| Depreciation and Amortization | 317,915 | 313,244 | |
| Forgiveness on Paycheck Protection Program Loans | - | (591,795) | |
| Change in Allowance for Doubtful Accounts | (8,414) | (53,030) | |
| Noncash Lease Expense | 15,729 | 19,453 | |
| (Increase) Decrease in Assets: | |||
| Accounts Receivable | 244,252 | (51,094) | |
| Prepaid Expenses | (29) | (882) | |
| Increase (Decrease) in L |
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, the company spent $68,087 on the acquisition of property and equipment in 2022. This figure reflects the company's investment in its infrastructure, including physical assets necessary for business operations.
For a prospective franchisee, this information provides insight into Pump It Up's capital expenditure strategy. While this is not the franchisee's direct expenditure, it demonstrates the franchisor's commitment to investing in assets that support the brand and its franchisees. Understanding these investment patterns can help a franchisee gauge the franchisor's financial health and strategic priorities.
It's important to note that this figure represents the acquisition cost at the corporate level and does not reflect the individual investment required by a franchisee to set up their own Pump It Up location. Franchisees should refer to other sections of the FDD, such as Item 7, for detailed information on estimated initial investment costs, including property and equipment.