For Pump It Up, what years of financial data are included for FB Holdings, LLC?
Pump_It_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached hereto as Exhibit G are audited consolidated financial statements for our parent company FB Holdings, LLC for the year ended December 31, 2024, for the year ended December 31, 2023, and for the year ended December 31, 2022.
You have not been provided with financial statements of the Franchisor, Pump It Up Holdings, LLC. Therefore, you do not have knowledge of how this specific company has performed. However, FB Holdings, LLC has agreed absolutely and unconditionally to guarantee to assume the duties and obligations of Franchisor under the franchise agreements entered into by Franchisor should Franchisor become unable to perform its duties and obligations. A copy of FB Holdings, LLC's guaranty is included with Exhibit G.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 59)
What This Means (2025 FDD)
According to Pump It Up's 2025 Franchise Disclosure Document, the audited consolidated financial statements for Pump It Up's parent company, FB Holdings, LLC, are included for the years ended December 31, 2024, December 31, 2023, and December 31, 2022. These financial statements are attached as Exhibit G to the FDD.
It is important to note that the FDD does not include financial statements for Pump It Up Holdings, LLC, the actual franchisor. To compensate for this, FB Holdings, LLC provides an absolute and unconditional guarantee to cover the obligations of Pump It Up Holdings, LLC under the franchise agreements if the franchisor is unable to fulfill them. A copy of this guarantee is included with Exhibit G.
Prospective franchisees should carefully review the financial statements of FB Holdings, LLC to assess the financial health and stability of the parent company. Since FB Holdings, LLC is guaranteeing the obligations of Pump It Up Holdings, LLC, its financial condition is a relevant factor for potential franchisees to consider. Additionally, franchisees may want to seek clarification from Pump It Up regarding the reasons for not providing separate financial statements for the franchisor and how the parent company's financials directly relate to the franchise operation.