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Uptown Cheapskate

Uptown Cheapskate is an exciting retail store franchise opportunity for people who love fashion. Our stores sell quality clothing brands at affordable prices, creating a bargain for customers and a high-margin business for franchise owners.

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Uptown Cheapskate
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Uptown Cheapskate Franchise Cost and Requirements for 2024

Background

Uptown Cheapskate presents a unique business opportunity where franchisees can take advantage of all the clothing out these collecting dust in closets. We offer an outlet for those people to recoup some money they invested in those items by paying cash for those clothes and then reselling them in an upscale resale brick and mortar store. Our stores are very well organized, clean, smell good, and have friendly customer service compared to most second hand stores. With gross profit margins averaging between 64-66% franchisees can earn a very good living with one store or can create a real income generator with multiple stores.

Company Details

Established: 2008
First Unit Franchised: 2009
Franchised Units: 129
Company Owned Units: 14
States Registered In: All
Canada Franchises: No
International Franchises: No

Support and Training Offered By Uptown Cheapskate

Financial Assistance Provided: Yes
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: Yes
Co-Operative Advertising: Yes
Training: Uptown Cheapskate store owners go through a rigorous one-week training in Salt Lake City, UT that includes: business planning, marketing, inventory management, operations, bookkeeping, and administration.

  • Approximately 7 days of classroom and in-store training at the corporate office in Salt Lake City, UT.
  • 5 day internship at one of our finest Uptown Cheapskate stores
  • Ongoing training monthly and yearly through phone, web, and on-site

2024 Franchise Requirements Needed to Own a Uptown Cheapskate Franchise.

What does a Uptown Cheapskate Franchise Cost?

Uptown Cheapskate franchise fees for 2024:

Cash Investment: $100,000-125,000
Total Investment: $376,936-610,986
Minimum Net Worth: $200,000
Franchise Fee: $25,000
Royalty: 5%
Average Number of Employees: 10-15
Item 19: Yes
Visa Candidates: Yes
Passive Ownership: Yes, after 1st year
Home Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount: Yes, $5,000 discount on franchise fee

Is Uptown Cheapskate a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. Uptown Cheapskate is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is Uptown Cheapskate a Home Based franchise?

No. Uptown Cheapskate is not a home based franchise opportunity.

What Do Uptown Cheapskate Franchise Owners Make?

Click here to find out how much Uptown Cheapskate franchisees make. Uptown Cheapskate offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is Uptown Cheapskate a Master Franchise Opportunity?

No. Uptown Cheapskate is not a master franchise opportunity.

Does Uptown Cheapskate Offer a Veteran Discount?

Yes. Uptown Cheapskate franchise does offer a veteran discount.

Does Uptown Cheapskate Work with E2 Visa and EB-5 Visa Candidates?

Yes. Uptown Cheapskate franchise does work with E2 Visa and EB-5 Visa candidates.

Is Uptown Cheapskate Looking for Franchisees in Canada?

Yes. Uptown Cheapskate franchise is looking for Canada franchisees.

Is Uptown Cheapskate Looking for International franchisees?

No. Uptown Cheapskate franchise is not looking for International franchisees.

Where can I see Uptown Cheapskate's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Miscellaneous & Unique, Retail, Non Food Franchises

Number of Units Open

100+ UNITS

Cash Required

More than $250,000

Master Franchise

No

Passive Franchise

No

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

Yes

International Franchise Opportunities

No

E2 Visa Franchise

Yes

Uptown Cheapskate Franchise Reviews

Uptown Cheapskate Franchises for Sale

Click Here to inquire about existing Uptown Cheapskate franchises for sale. We may have Uptown Cheapskate franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

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The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.

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