What statements or reports are required with my monthly Pump It Up Co-op Contribution?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
If a Regional Co-op Fund has been established in your DMA, you shall contribute the amount established, from time to time, by the Regional Co-op Fund for its members ("Co-op Contribution"). You shall submit your Co-op Contribution to the Regional Co-op Fund monthly, together with such statements or reports as may be required by us (or by the Regional Co-op Fund with our prior written approval). Monies in the Regional Co-op Fund may be spent for the purposes determined by a majority vote of the Regional Co-op Fund. We shall be a member of any Regional Co-op Fund and be entitled to attend and fully participate in Regional Co-op Fund meetings; however, we shall not have a vote unless we or our affiliates operate a Pump It Up Business in the area covered by the Regional Co-op Fund. Pump It Up Businesses operated by us and our affiliates in the area covered by the Regional Co-op Fund also will contribute to the Regional Co-op Fund on the same basis as comparable franchisees.
Source: Item 11 — FRANCHISORS'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 30–41)
What This Means (2025 FDD)
According to the 2025 Pump It Up Franchise Disclosure Document, if a Regional Co-op Fund is established in your Designated Market Area (DMA), you must contribute to it monthly. This contribution, known as the "Co-op Contribution," is submitted along with any statements or reports that Pump It Up or the Regional Co-op Fund (with Pump It Up's prior written approval) may require. As of the date of the FDD, Pump It Up does not have any Regional Co-op Funds.
Pump It Up retains the discretion to establish these Regional Co-op Funds in any DMA. If one is created in your area, membership is automatic upon commencement of your franchise's operation, or within 30 days of the fund's commencement. You will not be required to be a member of more than one Regional Co-op Fund.
The funds collected by the Regional Co-op Fund can be used for purposes determined by a majority vote of the fund's members. Pump It Up is a member of any Regional Co-op Fund and can attend and participate in meetings, but it only has a vote if it or its affiliates operate a Pump It Up business in the area covered by the fund. Pump It Up businesses operated by the company and its affiliates also contribute to the Regional Co-op Fund on the same basis as comparable franchisees.