Uptown Cheapskate - Franchise
The resale fashion movement is growing. Join Uptown Cheapskate's award-winning team to provide your community with an unparalleled shopping experience. Our franchise owners provide stylish clothing at amazing value to our loyal customers. With an upscale store design and brand you can cater to more than your average second-hand shopper and maximize your opportunity. With a high level or support and training, an experienced marketing team, and IT support and technology, rest assured you will have all the support, training, and tools necessary to have a successful store.
Requirements
Financial requirements for this franchise:
Liquid Capital: | $75,000 What does Liquid Capital mean? |
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Net Worth: | $200,000 What does Net Worth mean? |
Total Investment: | $234,500 - $394,000 What does Total Investment mean? |
Options
Options available to franchisees:
Financing: | Via 3rd party |
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Training: | Available |
Veteran Discount: | 15% off Franchise Fee |
Franchisor Details
Facts about this franchise:
Total Units: | 59 |
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Home Office: | Salt Lake City, UT |
Year Founded: | 2008 |
Franchising Since: | 2008 |
What Does an Uptown Cheapskate Franchise Cost?
To buy a franchise with Uptown Cheapskate, you'll need to have at least liquid capital of $75,000 and a minimum net worth of $200,000. Franchisees can expect to make a total investment of $234,500 - $394,000. They also offer financing via 3rd party as well as a discount for veterans (15% off Franchise Fee). *
Uptown Cheapskate is making thrift shopping an upscale experience in franchise locations across the country. Check out the resale clothing store that Inc. Magazine, Forbes, and the BBC are talking about.
What We Do
The Uptown Cheapskate franchise offers shoppers an upscale experience while shopping for new and gently used, name brand clothing and accessories. Unlike typical consignment, Uptown Cheapskate pays their customers cash or offer in-store credit for gently used items and resells them at up to 70 percent less than found in traditional retail. This is recycling at its best as tens of thousands of items find new homes while helping communities stretch their budgets on fashionable apparel and accessories.
About Us
In 2009, the first Uptown Cheapskate opened its doors for business and since then, the franchise has grown to over 40 stores nationwide. As a family-run, closely knit franchise, we believe giving each and every franchise owner personalized support.
As a trademark brand of BaseCamp Franchising, Uptown Cheapskate brings the latest technologies and tools to an industry that’s been experiencing major growth in the past decade. By providing a proprietary buying software and inventory management system, robust employee training, branded marketing and cloud-based reporting tools, we give our franchisees the tools they need to manage stores efficiently and effectively. With more than 20 years of industry experience, we stand behind the mantra that YOUR success is OUR success.
Why own an Uptown Cheapskate
Join a franchise that is recognized as one of the best in the country. Uptown Cheapskate offers incredible growth opportunities and excellent returns in the growing fashion resale industry. Uptown Cheapskate is a recognized resale brand that offers franchisees a proven system for success.
Reasons to own an Uptown Cheapskate:
- Proven Systems
Our robust management tools and extensive training are effective, comprehensive, and streamlined. We’ve combined the best practices of our top stores into a complete store management package making for easier multi-store management, improved staff training and engagement, and dramatically improved operations. - Results-driven Marketing
From social media, web and email marketing to in-store graphics, public relations and car wraps, our upscale marketing materials are uniquely designed to speak to our shoppers. Our marketing stays current with today’s trends in design, social media and more. - Beautifully-designed Stores
Just because we sell second-hand merchandise doesn’t mean our stores look second-rate. Our stores are designed to promote a fun and friendly atmosphere. From our modern fixtures and lighting to our upscale signage and displays, we believe in creating an extraordinary brand experience. - Inventory Management and Appraisal Program (IMAP)
To take the guesswork out of brand valuation, Basecamp Franchising created a proprietary buying software dubbed IMAP (Inventory Management and Appraisal Program). IMAP suggests the price based upon inventory and condition so people from all walks of life and various fashion backgrounds can correctly price an item for sale in the store. - Real-time Reporting
With our cloud-based reports, franchise owners can efficiently manage inventory levels, product costs and pricing. These tools can also be accessed remotely, paving the way for store owners to manage multiple stores simultaneously. - Extensive Training
New Uptown Cheapskate owners complete a 12-day training program, followed by a 5 day internship. Ongoing training is also available for owners and staff through our online training portals, support calls, site visits, regional conferences, and our annual owner’s conference. - Territory Availability
The flexibility to put stores in the best locations in a market is a huge advantage as you consider joining a franchise. Because we are a growing franchise, there are several great locations available in most areas for an Uptown Cheapskate store. This is especially important if you are looking at owning multiple stores over time to increase your market share or simply make more money. You’ll receive demographic analysis, area mapping, and site selection assistance from our headquarters to help you choose the location that is right for you. - Continuous Support
From site selection and store set up to grand opening and growing profits, you’ll have continuous support every step of the way. Based in Salt Lake City, Utah, our dedicated team offers computer, operational, marketing and financial support. Plus, our support representatives visit each store at least once a year to offer guidance and support where needed for success. Our owners also build and maintain strong friendships and mentorships with other store owners.
Ideal Candidate
We're looking for franchise owners with high energy, who are out-going, and have management or retail experience, a person who can manage people effectively, prioritize and multi-task, and feels comfortable in a fast-paced environment. You are expected to make a full-time commitment the first year.
Financial Requirements
The total investment needed to open a Uptown Cheapskate store is $212,000 to $384,500 with liquid assets or cash in the amount of $75,000, net worth between $250,000 to $275,000.
Get Started
Take the first step in becoming a Uptown Cheapskate owner today by completing the Request Info form or clicking on the Call Now button to speak to us right away.
Awards
Uptown Cheapskate has received the following awards and acknowledgements:
Ranked #355 on Entrepreneur 500
Availability
Uptown Cheapskate is currently accepting inquiries from the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District Of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming
Interested parties should have at least $75,000 in liquid capital to invest.
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