Who is the President of FB HOLDINGS, LLC, the Guarantor for Pump It Up?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
For value received, FB HOLDINGS, LLC, an Arizona limited liability company (the "Guarantor"), located at 4343 E. Outlier Blvd., Suite 220, Phoenix, AZ 85008, absolutely and unconditionally guarantees to assume the duties and obligations of PUMP IT UP HOLDINGS, LLC, an Arizona Limited Liability Company, located at 4343 E. Outlier Blvd., Suite 220, Phoenix, AZ 85008 (the "Franchisor"), under its franchise registration in each state where the franchise is registered, and under its Franchise Agreement identified in its 2025 Franchise Disclosure Document, as it may be amended, and as that Franchise Agreement may be entered into with franchisees and amended, modified or extended from time to time. This guarantee continues until all such obligations of the Franchisor under its franchise registrations and the Franchise Agreement are satisfied or until the liability of Franchisor to its franchisees under the Franchise Agreement has been completely discharged, whichever first occurs. The Guarantor is not discharged from liability if a claim by a franchisee against the Franchisor remains outstanding. Notice of acceptance is waived. The Guarantor does not waive receipt of notice of default on the part of the Franchisor. This guarantee is binding on the Guarantor and its successors and assigns.
The Guarantor executes this guarantee at Phoenix, Arizona on this 14 day of April 2025.
Guarantor: FB HOLDINGS, LLC
Name: Lauren Tebbenhoff
Title: President
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, Lauren Tebbenhoff is the President of FB HOLDINGS, LLC, the Guarantor for Pump It Up. FB HOLDINGS, LLC, located in Phoenix, Arizona, provides an absolute and unconditional guarantee to fulfill the obligations of PUMP IT UP HOLDINGS, LLC under the franchise registration and Franchise Agreement. This agreement is effective as of April 14, 2025.
This guarantee remains in effect until all obligations of Pump It Up Holdings, LLC are met or the liability to franchisees is completely discharged. The guarantor is not released from liability if a franchisee's claim against the franchisor remains outstanding, and notice of acceptance is waived. This guarantee is binding on FB HOLDINGS, LLC and its successors and assigns.
For a potential Pump It Up franchisee, this guarantee provides an added layer of financial security. It ensures that FB HOLDINGS, LLC, as the parent company, is committed to supporting the franchise system and fulfilling the franchisor's obligations. This can be a significant factor in assessing the stability and reliability of the franchise opportunity.