What was the total value of Pump It Up's leasehold improvements in 2024?

According to Pump It Up's 2025 Franchise Disclosure Document, the total value of leasehold improvements in 2024 was $120,580. This figure represents the investment in the physical improvements made to leased properties used by Pump It Up. These improvements can include modifications to the building's interior or exterior to suit the specific needs of the Pump It Up business.

For a prospective franchisee, understanding the value of leasehold improvements is important for several reasons. First, it provides insight into the scale of investments Pump It Up makes in its physical locations. Second, it can be used to assess the potential costs associated with setting up a new franchise location, as similar improvements may be required. Finally, the FDD also indicates that Pump It Up has the option to purchase certain assets of the franchised business, including leasehold improvements, upon termination or expiration of the franchise agreement. The purchase price will be the fair market value of the assets, accounting for customary depreciation and condition of the assets.

It's worth noting that the figure provided does not reflect the accumulated depreciation on these improvements. The net value of property, plant, and equipment, which accounts for depreciation, was $57,722 in 2024. This suggests that while the initial investment in leasehold improvements was $120,580, the depreciated value is considerably lower. Franchisees should consider this depreciation when evaluating the long-term value of these assets. The FDD also lists the value of leasehold improvements in 2023 as $120,580, indicating that there was no change in the value of leasehold improvements between 2023 and 2024.

Overall, the leasehold improvements figure offers a glimpse into Pump It Up's capital expenditures and asset management strategies. Prospective franchisees should further investigate the types of leasehold improvements typically required for a new location and the associated costs to better understand the financial commitment involved in establishing a Pump It Up franchise.