What were the total operating expenses for the Pump It Up franchise in 2023?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
LIABILITIES Due to Member Deferred Franchise Fees, Net of Current Portion Operating Lease Liability, Net of Current Portion Total Long-Term Liabilities | - 62,467 845,002 907,469 | 800,511 28,967 1,054,903 1,884,381 | | Total Liabilities | 1,643,725 | 2,861,972 | | MEMBER'S EQUITY | 6,258,611 | 5,828,358 | | Total Liabilities and Member's Equity | $ 7,902,336 | $ 8,690,330 |
FB HOLDINGS, LLC AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS YEARS ENDED DECEMBER 31, 2024 AND 2023
| 2024 | 2023 | |
|---|---|---|
| REVENUE | ||
| Royalties | $ 2,328,873 | $ 2,718,682 |
| Brand Fund Fees | 724,154 | 834,690 |
| Franchise Fees | 63,500 | 68,000 |
| Total Revenue | 3,116,527 | 3,621,372 |
| OPERATING EXPENSES | ||
| Salaries and Related Benefits | 772,528 | 897,229 |
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 operating expenses for the franchise in 2023 were $1,978,666. This figure represents the sum of several expense categories, including salaries and related benefits, professional fees, office expenses, occupancy costs, advertising, depreciation and amortization, and other general and administrative expenses.
Breaking down the operating expenses, salaries and related benefits accounted for the largest portion at $897,229. Office expenses were also significant, totaling $490,899. Occupancy expenses amounted to $206,086, while depreciation and amortization were $317,915. Professional fees were $61,092, advertising expenses were not reported, and other general and administrative expenses were $5,445.
For a prospective Pump It Up franchisee, understanding these operating expenses is crucial for financial planning and assessing the potential profitability of the franchise. Monitoring these expenses and implementing cost-control measures can help improve the financial performance of the franchise. It's important to note that these figures represent the franchisor's expenses and may not be representative of an individual franchise location's operating expenses.