How much is the Transfer Deposit required when initiating a Pump It Up franchise transfer?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
nts or proposals, and all other information requested by us, relating to the proposed Transfer. Along with that required information, you must pay a transfer fee (the "Transfer Fee"). The Transfer Fee you will pay us is currently between $10,000 and $20,000 depending upon the amount of initial training and support that you will require. With your written notice of your intent to transfer the Franchised Business, you will pay us a deposit towards the Transfer Fee in the amount of $3,000 (the "Transfer Deposit"). The Transfer Deposit must be paid before the proposed Transferee arrives for the Training Program to cover our costs to begin to review the transfer documentatio
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, a franchisee must pay a Transfer Deposit of $3,000 when providing written notice of their intent to transfer their franchise. This Transfer Deposit is applied towards the Transfer Fee. The Transfer Fee itself ranges between $10,000 and $20,000, depending on the amount of initial training and support the new franchisee will need.
The Transfer Deposit must be paid before the proposed new franchisee begins the Training Program, and it covers Pump It Up's costs to review the transfer documentation. It is important to note that this $3,000 Transfer Deposit is non-refundable.
However, if the transfer does not go through and the potential new franchisee has not participated in any part of the Training Program, Pump It Up will apply the Transfer Deposit to any subsequent transfer initiated within 12 months of the initial transfer application. This provides some flexibility for the franchisee if the first transfer attempt fails.