What was the total 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 |
| 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 2023 was $206,086. This figure represents the sum of the operating lease cost ($139,874) and the variable lease cost ($66,212) for that year. This information is based on the company's receipts and is a quantitative disclosure concerning the company’s leases.
For a prospective Pump It Up franchisee, understanding the lease costs incurred by the company itself can provide a benchmark, though their own costs may vary significantly based on location, size of the facility, and specific lease terms negotiated. Lease costs are a major factor in the overall financial performance of a franchise, and this figure gives potential franchisees insight into the scale of lease obligations Pump It Up faces.
It's important to note that these figures reflect the lease costs for the company itself, not necessarily the costs that individual franchisees will incur. Franchisees should conduct their own due diligence and carefully evaluate potential lease terms and costs in their specific market to determine the financial viability of their Pump It Up franchise.