What training programs must a proposed transferee for a Pump It Up franchise complete?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
transfer that you close within the 12-month period following your initial transfer application. If we do not exercise our right of first refusal (as set forth in Section 16.G.), the decision as to whether or not to approve a proposed Transfer will be made by us in our sole discretion and will include numerous factors deemed relevant by us. These factors may include, but need not be limited to, the following:
- (a) the proposed transferee meets our then-current standards for new franchisees and has sufficient business experience, aptitude, and financial resources to operate the Franchised Business;
- (b) you have paid all amounts owed to us, our affiliates, and third-party vendors, have submitted all required reports and statements to us, and are not in violation of this Agreement;
- (c) neither the proposed transferee nor its owners or affiliates have an ownership interest (direct or indirect) in or perform services for a Competing Business (as defined in Section 18.B.(1)(c));
- (d) the proposed transferee (or its Operating Principal) satisfactorily completes our initial training program (and any other required training programs we require) and pays any then-current training fees;
- (e) the proposed transferee has demonstrated an ability to obtain possessory rights in the Premises;
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to the 2025 Pump It Up Franchise Disclosure Document, a proposed transferee must satisfactorily complete the initial training program and any other training programs that Pump It Up requires. The proposed transferee (or its Operating Principal) must complete this training and pay any then-current training fees.
Pump It Up notes that the transfer will not be approved unless the proposed transferee meets the then-current standards for new franchisees and has sufficient business experience, aptitude, and financial resources to operate the Franchised Business. The proposed transferee must also demonstrate an ability to obtain possessory rights in the premises.
To begin the transfer process, the proposed transferee must pay a transfer deposit of $3,000, which is non-refundable. The total transfer fee is between $10,000 and $20,000, depending on the amount of initial training and support required. If the proposed transferee comes through an investigation process with a franchise sales broker that Pump It Up has retained, then the transferee must pay the then-current Initial Franchise Fee instead of the Transfer Fee.