What was the total lease cost for Pump It Up in 2022?
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 |
| Variable Lease Cost | 66,212 | 63,485 |
| Total Lease Cost | $206,086 | $204,955 |
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, the total lease cost for the company in 2022 was $204,955. This figure is broken down into two components: operating lease costs and variable lease costs. In 2022, the operating lease cost was $141,470, and the variable lease cost was $63,485, which combine to make the total lease cost.
For a prospective Pump It Up franchisee, understanding these lease costs is crucial. While this data reflects the company's expenses, it provides a benchmark for what a franchisee might expect to pay, although individual lease costs will vary based on location, size of the premises, and specific lease terms. It's important to note that these costs can fluctuate year to year, as seen by the change in total lease cost from 2022 to 2023.
Franchisees should carefully consider lease costs when evaluating potential locations and negotiating lease agreements. Factors such as the length of the lease term, renewal options, and potential rent increases can significantly impact the overall cost of leasing a Pump It Up location. Additionally, franchisees should be aware of other lease-related expenses, such as common area maintenance charges, which are mentioned elsewhere in the document. Consulting with a real estate professional experienced in commercial leasing can help franchisees make informed decisions and negotiate favorable lease terms.