What was the operating lease cost for Pump It Up in 2023?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
tal | $ 751,063 | |
NOTE 5 MEMBER'S EQUITY
The Company has one class of membership interests and is 100% owned by a single member.
NOTE 6 OPERATING LEASES
The Comp
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, the operating lease cost for 2023 was $139,874. This figure represents the cost associated with leasing the physical location and equipment necessary to operate a Pump It Up franchise. Lease costs are a significant expense for many businesses, especially those requiring a large facility like a Pump It Up location.
Understanding the operating lease cost is crucial for prospective franchisees as it directly impacts their profitability and cash flow. Franchisees should carefully evaluate potential lease terms and locations to manage this expense effectively. The FDD also lists the variable lease cost for 2023 as $66,212, bringing the total lease cost to $206,086. Variable lease costs may fluctuate based on factors like sales performance or usage.
Pump It Up franchisees should note that these figures reflect the company's costs and may not directly translate to their individual expenses. Factors such as location, lease terms, and negotiation skills can influence a franchisee's actual operating lease costs. It is advisable for potential franchisees to consult with experienced real estate professionals and financial advisors to assess the specific lease-related expenses they may incur.