Low Uptown Cheapskate Cost of Ownership, meet high potential for returns
Uptown Cheapskate is unlike other resale clothing franchises on the market because our stores don’t feel cheap. Unlike the cluttered and untidy competition, Uptown Cheapskate offers an upscale resale experience that empowers our customers to save tons of money on carefully selected, fashionable items, promotes an environmentally responsible lifestyle and provides a customer experience that is second-to-none in the booming resale clothing industry. All of this comes with a low Uptown Cheapskate cost of ownership.
With such an upscale approach to resale clothing, you might think that Uptown Cheapskate also is a high-end investment. This is not the case. Our visionary leadership team wants to empower as many savvy entrepreneurs to thrive in a business that provides an incredible service to their communities as possible while keeping thousands of items out of our landfills. This is exactly the reason why Uptown Cheapskate is one of the most affordable franchise opportunities in the retail space.
The total investment to open a new Uptown Cheapskate franchise ranges from $345,959 to $575,334. To assist you in getting off on the right foot, our team is on-hand every step of the way to guide you to the best resources for funding and store build-out. Our success is your success, and we will be with you every step of the way to ensure that your business has the potential to thrive for decades.
“It’s a very exciting time for Uptown Cheapskate,” says Dave Martell, Director of Franchise Development with Uptown Cheapskate. “We’re growing rapidly across the nation, and there’s a ton of opportunity to expand. We want to help you reach your goals, whether that’s one store that becomes a career you can be passionate about every day, or creating an empire that’s a real income generator. The majority of our franchisees didn’t have retail experience before they joined our brand, and we have the support to help you master this business even if you don’t. We want you to love working with people and have an entrepreneurial spirit, and we can fill in the rest. This is an outstanding business opportunity that really makes sense right now.”
Owning an Uptown Cheapskate franchise is made easy through financing
We will assist you in setting up a business plan for obtaining SBA guaranteed financing or another easy financing option. Uptown Cheapskate has an in-house financial adviser who helps prospects build business plans, apply for SBA loans, fill out applications, and obtain necessary financing. We also have relationships with several third-party lenders and major banks. This standing enables us to help you secure the necessary financing for your new location and storefront.
Uptown Cheapskate is SBA-registered and has several relationships with third-party lenders. Listed on the SBA Franchise Registry1, SBA lenders can fast-track loans for an Uptown Cheapskate franchise. This is a great option, as SBA financing can cover up to 80% of the initial investment of an Uptown Cheapskate location. You will need to determine if you are eligible and qualify for this option based on capital, credit score, and collateral.
For a detailed overview of all of the costs and fees associated with owning an Uptown Cheapskate franchise, please review Item 7 from our most recent Franchise Disclosure Document:
TYPE OF EXPENDITURE | LOW | HIGH |
Initial Franchise Fee | $25,000 | $25,000 |
Travel & Living Expenses while Training | $1,500 | $5,500 |
Real Estate Deposit | $5,625 | $22,500 |
Real Estate Improvements | $35,000 | $160,000 |
Exterior Signs and Graphics | $13,500 | $17,500 |
Interior Signage | $4,000 | $6,000 |
Fixtures (Racks, Displays, Counter, etc.) | $67,500 | $85,500 |
Computer System Hardware & Software | $15,334 | $15,334 |
BaseCamp® Software Suite | $10,000 | $10,000 |
Security System | $2,000 | $5,000 |
Grand Opening Promotion | $20,000 | $20,000 |
Opening Inventory | $70,000 | $90,000 |
Incorporation Docs | $500 | $1,000 |
Loan Fees | $7,500 | $12,500 |
Licenses, Permits, Utility Deposits | $1,000 | $2,000 |
Supplies, Misc. Expenses | $25,00 | $30,000 |
Additional Funds/Working Capital | $42,500 | $67,500 |
TOTAL | $345,959 | $575,334 |
