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

About
Founded

2008

Franchising Since

2008 (10 Years)

Corporate Address

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

CEO

Dave Martell

Financial Requirements
Initial Investment

$259,660 - $443,160

Net-worth Requirement

$200,000

Liquid Cash Requirement

$75,000

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:

40 hours

Classroom Training:

88 hours

Additional Training:

At existing store

Number of Employees Required to Run:

5 - 9

Uptown Cheapskate is ranked #288 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 - $259,660 High - $443,160
Units
+13.7%+7 UNITS (1 Year) +34.9%+15 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, Eastern Europe, Mexico, South America, Western Europe
Franchise Financing
Using 401(K)/IRA Funds
  • Tax Penalty-Free
  • Debt Free
  • Expert Guidance
Learn More

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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: July 27th, 2017