Does the Pump It Up Software License Agreement specify the location where the franchise will operate?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
ash Paid for Amounts Included in the Measurement | | | |---|---|---| | of Lease Liability: | | | | Operating Cash Flows from Operating Lease | $ 124,145 | $ 127,869 | | Right-Of-Use Assets Obtained in Exchange for New | | | | Operating Lease Liability | $ - | $ - | [Attach additional signature pages as needed]
Exhibit F Software License Agreement Pump It Up Franchise Disclosure Document
SOFTWARE LICENSE AGREEMENT
| This Software License Agreement ("Software License") is entered into between PUMP IT UP | |
|---|---|
| HOLDINGS, LLC ("Franchisor") and ("Franchisee") pursuant to a Franchise |
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to the 2025 Pump It Up Franchise Disclosure Document, the Software License Agreement does reference the location where the franchise will operate. The agreement is made between Pump It Up Holdings, LLC and the franchisee, pursuant to the Franchise Agreement. Under this agreement, the franchisee will operate an open play family entertainment and party business under Pump It Up's business system, also known as "the System", at a specific location.
Prior to opening a Pump It Up franchise, the franchisee must secure the premises for their franchised business by executing a lease agreement no later than 12 months from the effective date of the Franchise Agreement. The franchisee is also responsible for all costs, liabilities, and expenses for locating, obtaining, and developing a site for the Franchised Business, and for constructing and equipping the Franchised Business in accordance with Pump It Up's System Standards.
Pump It Up will assist the franchisee in their site selection by providing site selection guidelines and criteria, which may include factors such as population density, visibility, traffic flow, competition, accessibility, parking, and size. The franchisee must obtain written approval of the site from Pump It Up before making any binding commitments related to the site. If the franchisee fails to present a legitimately viable site for approval during the Site Approval Period, Pump It Up may terminate the Franchise Agreement.