What upgrades or remodels might be required for a Pump It Up franchise as a condition of transfer?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
efined 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;
(f) you have corrected any existing deficiencies of the Franchised Business of which we have notified you, and/or the proposed transferee agrees to upgrade, remodel, and refurbish the Franchised Business in accordance with our then-current requirements and specifications for Pump It Up Businesses within the time period we specify following the effective date of the Transfer (we will advise the proposed transferee before the effective date of the Transfer of the specific actions that are required and the time period within which such actions must be taken);
(g) if you or your owners finance or intend to finance any part of the sale to the proposed transferee , you and/or your owners agree that all of the transferee's obligations under any promissory notes, agreements, or security interests reserved in the Franchised Business are subordinate to the transferee's obligation to pay Royalties, Brand Fund contributions, and other amounts due to us, our affiliates, and third-party vendors and otherwise to comply with this Agreement; you (and your transferring owners) must sign a general release, in a form satisfactory to us, which releases any and all claims against us and our affiliates, officers, directors, employees, and agents; and
(h) you must modify and/or upgrade certain equipment, safety features, and computer hardware or software to our then-current standards prior to the closing of the proposed transfer.
Source: Item 23 — RECEIPTS (FDD pages 60–225)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, a proposed transferee might need to upgrade, remodel, and refurbish the franchised business to meet the then-current requirements and specifications for Pump It Up businesses. These actions must be completed within a timeframe specified by Pump It Up following the transfer's effective date. The franchisor will inform the proposed transferee of the specific actions and deadlines before the transfer becomes effective.
Additionally, prior to the closing of the proposed transfer, certain equipment, safety features, and computer hardware or software may need to be modified or upgraded to meet Pump It Up's current standards. If a franchisee is acquiring an existing Pump It Up business, they may be required to update the franchised business to comply with the then-existing System Standards, including brand attributes.
These updates may include a Brand Refresh Package, new external signage, the purchase of certain brand-specific packages, and the addition of parents' lounges, among other changes required of new Pump It Up franchises. The franchisee will be responsible for directly paying the vendors providing these services and products. Pump It Up retains the right to require temporary closure of the franchised business to facilitate necessary repairs or alterations.