What was the reported operating lease cost for Pump It Up in 2023?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
| The following table provides quantitative information concerning the Company’s leases. | ||
|---|---|---|
| 2023 | 2022 | |
| Operating Lease Cost | $139,874 | $141,470 |
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, the company's operating lease cost in 2023 was $139,874. This figure reflects the cost associated with leasing properties or equipment necessary for Pump It Up's operations. This is an important figure for prospective franchisees to consider as it provides insight into the company's financial obligations related to leasing.
Understanding the operating lease costs can help potential franchisees gauge the financial health and stability of Pump It Up. By examining these costs over multiple years, as presented in the FDD, franchisees can identify trends and assess how lease expenses impact the company's overall profitability. This information is valuable for making informed decisions about investing in a Pump It Up franchise.
It's also important to note that these figures represent Pump It Up's corporate level expenses and may not directly translate to the costs a franchisee will incur. Franchisees should conduct their own due diligence and consult with financial advisors to understand the specific leasing costs they may face when establishing and operating their own Pump It Up location.