2021 Franchise 500 Rank
#117 Ranked #354 last year
See the Full List
Initial investment
$310K - $502K
Units as of 2021
91 35.8% over 3 years

Company Overview

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.

About Uptown Cheapskate

Industry
Retail
Founded
2008
Parent Company
BaseCamp Franchising
Leadership
Scott Sloan, CEO
Sponsored Content

More from Uptown Cheapskate

Fast-growing resale clothing franchise is looking for hungry entrepreneurs

Take the thrift store experience where it’s never been before as an Uptown Cheapskate franchise owner

As the secondhand clothing industry explodes, we are working to meet the demand for a more sustainable way to shop by offering franchise opportunities to ambitious entrepreneurs. We are leaders in the second-hand fashion industry focused on serving the communities in which we exist and offering an upscale resale shopping experience.

Uptown Cheapskate - Storefront

You Won’t do it Alone

The decision to franchise with Uptown Cheapskate means that you’re never going to be alone in your business. We know that the majority of our franchisees join our brand without any prior experience in the retail industry, and many have never owned a business before. It’s for this reason that Uptown Cheapskate has designed an industry-leading training and ongoing support platform designed to help you thrive in business from day one and every day after.

Uptown Cheapskate - Interior

Find Purpose in your Entrepreneurial Pursuit

The best kind of entrepreneurs know that there’s more to life than making money – it’s what you do with that money that’s important. Likewise, business owners know that they’re not in business by themselves, especially if they’re successful because it takes an entire community to make a business successful.

Our franchise owners deliver an unmatched resale shopping experience that provides tremendous savings on in-fashion items all year long. More than that, our owners are committed to giving back, donating thousands of items to local charities every year.

Hear it from our Franchisees




 

Franchising Overview

Franchising Since
2008 (13 years)
# of employees at HQ
50
# of Units
91 (as of 2021)

Franchisor Information

Social
Facebook, Twitter
Corporate Address
39 E. Eagle Ridge Dr., #100
North Salt Lake, UT 84054

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Uptown Cheapskate franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$25,000
Initial Investment
$309,779 - $501,579
Net Worth Requirement
$200,000
Cash Requirement
$75,000
Veteran Incentives
20% off franchise fee
Royalty Fee
5%
Ad Royalty Fee
0.5%
Term of Agreement
10 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

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

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
33 hours
Classroom Training
65.5 hours
Additional Training
At existing store
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
Regional Advertising
Marketing Planning & Support
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
# of employees required to run
5-9
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Uptown Cheapskate landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Uptown Cheapskate ranked on other franchise lists? Find out below.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021