Uptown Cheapskate Franchise
To buy a franchise with Uptown Cheapskate, you'll need to have at least $100,000 in liquid capital and a minimum net worth of $200,000. Uptown Cheapskate charges a franchise fee of $25,000.
Franchisor Details
Total Units: 129
Year Founded: 2008
Franchising Since: 2009
Home Office: Salt Lake, UT
Training: Available
Locations Available: See Below*
Franchise Costs
Liquid Capital Required: $100,000
Net Worth Required: $200,000
Total Investment: $350,000 – $550,000
Franchise Fee: $25,000
Royalty Type: 5%
Vetern Discount: Veteran
*Uptown Cheapskate is currently accepting inquiries from the following locations: Alberta, British Columbia, Canada, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan, Yukon
Values & History
Since 2008, Uptown Cheapskate has delighted customers with a unique combination of value, assortment, and sustainability, all wrapped in a beautifully designed shopping environment. We’ve grown from a single location in Salt Lake City to over 140 stores operating across 26 states. With another 50+ stores under development, Uptown is one of the fastest growing concepts in franchising.
Industry Performance
The secondhand apparel market is both massive ($49BN) and growing rapidly (9% expected annual growth rate through 2029). When you combine these industry tailwinds with the strong underlying financial profile of our stores, we believe there has never been a better time to become an Uptown Cheapskate franchisee. Uptown Cheapskate is a recession-resistant concept based on steady growth during economic downturns.
Training & Support
Not all franchises offer the same level of training & support. At Uptown Cheapskate, a dedicated team will be with you every step of the way. From site selection and store design to operational training and new store marketing, they have carefully honed their New Store process. They also maintain a high-touch approach to support franchisees throughout the full lifecycle of store ownership. Their operations, marketing, technology, and finance teams are always available and excited to help franchisees improve their results.
Ideal Candidate & Qualifications
Uptown Cheapskate franchisees come from all walks of life but tend to have a few things in common. They embrace the opportunity to personally manage their store, motivate their team, and build a strong customer experience. They are also highly determined and consistently go above and beyond to achieve their goals. Given the fast-paced environment in the stores, owners are also typically highly organized and adept at multi-tasking. Finally, the most successful owners are very active members of the Uptown Cheapskate franchisee community and enjoy helping others find success.
Purchasing an Uptown Cheapskate Franchise
The full range to open an Uptown Cheapskate Franchise can be anywhere between $350k-550k. They typically look for around $125k liquid capital and $200k net worth to get started.
Uptown Cheapskate is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.
Uptown Cheapskate is a FranNet Verified Brand
FranNet Verified Brands are reviewed by FranNet to ensure legitimacy and industry required documentation.