What was the net change in the number of franchised Pump It Up businesses during 2022?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
| Business Type | Year | Business at Start of the Year | Business at End of the Year | Net Change |
|---|---|---|---|---|
| 2022 | 54 | 48 | -6 | |
| Franchised Pump It Up | 2023 | 48 | 46 | -2 |
| Businesses | 2024 | 46 | 42 | -4 |
| 2022 | 0 | 0 | 0 | |
| Company Owned Pump It | 2023 | 0 | 0 | 0 |
| Up Businesses | 2024 | 0 | 0 | 0 |
| 2022 | 54 | 48 | -6 | |
| Total Outlets | 2023 | 48 | 46 | -2 |
| 2024 | 46 | 42 | -4 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 55–59)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, the net change in the number of franchised Pump It Up businesses during 2022 was a decrease of 6 locations. At the start of 2022, there were 54 franchised Pump It Up businesses, and by the end of the year, the number had dropped to 48. This decrease is reflected in the 'Net Change' column, which shows a value of -6 for that year.
This information is part of a broader table that summarizes the system-wide changes in Pump It Up businesses over a three-year period, from 2022 to 2024. The table also includes data for 2023 and 2024, showing a continued decrease in the number of franchised locations. For a prospective franchisee, this trend might raise concerns about the stability or growth of the franchise system.
It's important to note that these figures represent the net change, which accounts for all openings, closures, transfers, and other factors affecting the total number of franchised businesses. A decrease in net change could be due to closures exceeding new openings, or other factors. A prospective franchisee should investigate the reasons behind this decrease to assess the potential risks and opportunities associated with investing in a Pump It Up franchise.