What was the total value of leasehold improvements for a Pump It Up franchise in 2023?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| Leasehold Improvements |
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 value of leasehold improvements for a Pump It Up franchise in 2023 was $120,580. This figure represents the investment in the physical improvements made to the leased space of the franchise location. These improvements can include things like flooring, wall finishes, lighting, and any other permanent changes made to the property to suit the specific needs of the Pump It Up business.
It's important to note that this amount does not include furniture and fixtures or computer equipment, which are listed separately in the document. The leasehold improvements are considered a capital asset and are subject to depreciation over time, as reflected in the accumulated depreciation figures provided in the table. This depreciation is an accounting method to allocate the cost of the improvements over their useful life.
Prospective franchisees should consider this figure as a significant initial investment when planning their budget for opening a Pump It Up franchise. Understanding the nature and scope of these leasehold improvements is crucial for accurately estimating the total startup costs and projecting the financial performance of the franchise. Franchisees may want to inquire about the typical scope of leasehold improvements and whether the franchisor provides any guidance or approved vendors for these services.