What is the 'Renewal Notice Deadline' for a Pump It Up franchise?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
- (1) You must give us written notice of your election to continue as a franchisee at the Premises no less than 10 months ("Renewal Notice Deadline"), nor more than 18 months, before the end of the Initial Term;
C. Automatic Renewal For An Interim Period. If you do not properly and/or timely notify us prior to the Renewal Notice Deadline of your intent to either renew or not remain a franchisee, the Franchise Agreement shall automatically renew for successive one-year terms, beginning on the day after the Franchise Agreement would have expired (the "Interim Period"). During the Interim Period, you are obligated to pay us, in addition to all other fees set forth in this Agreement, the Interim Period Fee described in Section 7.L below. During the Interim Period, we may, in our sole discretion, terminate the Franchise Agreement, for any reason or no reason, upon sixty days' written notice to you. The Initial Term and all subsequent terms, including the Interim Period, shall be referred to as the "Term."
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to the 2025 Pump It Up Franchise Disclosure Document, a franchisee must provide written notice of their election to continue as a franchisee no less than 10 months and no more than 18 months before the end of the initial term. This timeframe is referred to as the 'Renewal Notice Deadline'.
Missing this deadline can have significant implications. If a Pump It Up franchisee fails to provide timely notice, the franchise agreement will automatically renew for successive one-year terms, referred to as the 'Interim Period'. During this interim period, the franchisee is obligated to pay an 'Interim Period Fee' in addition to all other fees outlined in the agreement. Furthermore, Pump It Up retains the right to terminate the franchise agreement at any time during the Interim Period, for any reason, with just sixty days' written notice.
To avoid unintended renewal and potential termination, a Pump It Up franchisee must diligently track the initial term expiration date and adhere to the notification window. Providing notice within the 10 to 18-month window allows the franchisee to either pursue a full renewal or exit the agreement as planned. This ensures the franchisee maintains control over their business and avoids unexpected financial obligations or termination by Pump It Up.
It is important to note that the franchisee must also meet other conditions to qualify for renewal, such as paying a successor term fee, not being in default, maintaining possession of the premises, and renovating the business to meet current standards. Failing to meet these conditions, even with timely notice, could still prevent renewal of the Pump It Up franchise.