Uptown Cheapskate
#354 Franchise 500| Young-adult-clothing resale stores

About
Founded

2008

Franchising Since

2008 (12 Years)

Corporate Address

39 E. Eagle Ridge Dr.
North Salt Lake, UT 84054

Leadership

Scott Sloan, CEO

Parent Company

BaseCamp Franchising

Financial Requirements
Initial Investment

$301,579 - $491,579

Net-worth Requirement

$200,000

Liquid Cash Requirement

$50,000

Ongoing Fees
Initial Franchise Fee

$25,000 - $25,000

Ongoing Royalty Fee

5%

Ad Royalty Fee

0.5%

Financing Options

Uptown Cheapskate has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Veteran Incentives

20% off franchise fee

Support Options
Ongoing Support

Purchasing Co-ops

Newsletter

Meetings/Conventions

Toll-Free Line

Grand Opening

Online Support

Security/Safety Procedures

Field Operations

Site Selection

Proprietary Software

Franchisee Intranet Platform

Marketing Support

Co-op Advertising

Ad Templates

Regional Advertising

Social media

SEO

Website development

Email marketing

Loyalty program/app

On-The-Job Training:

33 hours

Classroom Training:

65.5 hours

Additional Training:

At existing store

Number of Employees Required to Run:

5 - 9

Uptown Cheapskate is ranked #354 in the Franchise 500!
Bio
Uptown Cheapskate is a resale store for young adults that buys and sells name-brand apparel, shoes and accessories. The company, based in Salt Lake City, Utah, started in 2008 and began franchising the same year.
Cost
Initial Investment: Low - $301,579 High - $491,579
Units
+9.0%+6 UNITS (1 Year) +43.1%+22 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units throughout the U.S. and in the following regions/states: Australia/New Zealand, Canada, Central America, Europe (Eastern), Mexico, South America, Europe (Western)

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: September 30th, 2020