What was the net income for Pump It Up in 2023?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |||
|---|---|---|---|---|
| REVENUE | ||||
| Royalties | $ 2,328,873 | $ 2,718,682 | ||
| Brand Fund Fees | 724,154 | 834,690 | ||
| Franchise Fees | 63,500 | 68,000 | ||
| Total Revenue | 3,116,527 | 3,621,372 | ||
| OPERATING EXPENSES | ||||
| Salaries and Related Benefits | 772,528 | 897,229 | ||
| Professional Fees | 90,434 | 61,092 | ||
| Office | 303,299 | 490,899 | ||
| Occupancy | 178,251 | 206,086 | ||
| Advertising | 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 |
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, the net income for 2023 was $1,721,880. The FDD also provides a breakdown of revenue and operating expenses. Total revenue for Pump It Up in 2023 was $3,621,372, which includes royalties of $2,718,682, brand fund fees of $834,690, and franchise fees of $68,000.
Operating expenses totaled $1,978,666, encompassing salaries and related benefits ($897,229), professional fees ($61,092), office expenses ($490,899), occupancy costs ($206,086), depreciation and amortization ($317,915), and other general and administrative expenses ($5,445). The income from operations was $1,642,706. Other income totaled $79,174, resulting in the net income of $1,721,880.
It's important to note that these figures reflect the financial performance of FB Holdings, LLC and its subsidiaries, including Pump It Up. Prospective franchisees should consider these figures in the context of the overall financial health of the parent company. Reviewing the complete financial statements and consulting with a financial advisor is recommended to fully understand the implications for a Pump It Up franchise investment.