To whom do I submit my Pump It Up Regional Co-op Fund contributions?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
in any DMA. The Regional Co-op Fund shall be organized and governed in a form and manner and shall commence operations on a specified date, approved in advance by us in writing. If we choose to do so, we may prepare bylaws to be used by the Regional Co-op Fund and may require the Regional Co-op Fund to incorporate. Once a Regional Co-op Fund is established in a DMA in which the Franchised Business is located, you shall become a member of such Regional Co-op Fund and are required to contribute to the Regional Co-op Fund such amounts as determined by its members no later than 30 days after the date on which the Regional Co-op Fund commences operation. You will not be required to be a member of more than one Regional Co-op Fund with respect to the Franchised Business. 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).
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, once a Regional Co-op Fund is established in the Designated Market Area (DMA) where your franchise is located, you are required to become a member. As a member, you must contribute to the Regional Co-op Fund the amount determined by its members. These contributions are due no later than 30 days after the Regional Co-op Fund begins operation.
The FDD specifies that you must submit your Regional Co-op Fund contributions monthly to the Regional Co-op Fund itself. Along with your payment, you must also include any statements or reports that Pump It Up or the Regional Co-op Fund (with Pump It Up's prior written approval) requires.
It is important to note that Pump It Up may establish a Regional Co-op Fund in any DMA at its discretion. Franchisees are only required to be a member of one Regional Co-op Fund with respect to their franchised business. Pump It Up is also a member of all Regional Co-op Funds and is entitled to attend and fully participate in meetings, but does not have a vote unless they or their affiliates operate a Pump It Up Business in the area covered by the fund.