What is the range for the Pump It Up transfer fee?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
| Cable/Satellite | | | | | Television Fee (5) | | | |
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Transfer Fee (1) | $10,000-$20,000 The fee will depend on level of initial training and support that the prospective transferee will require as part of the transfer. | $3,000 Transfer Deposit payable when we receive notice that you have identified a potential buyer and signed a purchase agreement; balance is due when PIU issues its consent to the transfer. | The Transfer Fee is not refundable. If the closing for the transfer does not occur and/or the prospective transferee has not fully completed our training program, we will not refund the Transfer Deposit. If during the 12-month period following your initial notice of the transfer, you identify another transferee, then we will apply the Transfer Deposit to the Transfer Fee for that |
Source: Item 6 — OTHER FEES (FDD pages 15–21)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, the transfer fee ranges from $10,000 to $20,000. The specific amount depends on the level of initial training and support the new franchisee requires as part of the transfer process.
Pump It Up requires a $3,000 transfer deposit when the current franchisee identifies a potential buyer and both parties sign a purchase agreement. The remaining balance of the transfer fee is due when Pump It Up gives its consent to the transfer. This deposit is non-refundable, even if the transfer doesn't finalize or the new franchisee doesn't complete the training program. However, if the transfer does not occur and the franchisee identifies another potential buyer within 12 months of the initial notice, Pump It Up will apply the initial transfer deposit to the transfer fee for the new potential buyer.
It is important to note that the transfer fee is subject to state law, which means the amount and conditions could vary depending on the location of the Pump It Up franchise. Prospective franchisees should be aware of these costs and conditions when considering purchasing an existing Pump It Up franchise.