Uptown Cheapskate recently celebrated a BIG milestone: We now have 100 stores open! Congratulations to our Lexington, Kentucky, store for having this amazing distinction in our network!
Since our founding, Uptown Cheapskate has experienced steady expansion. 2021 was a record-breaking year for us, providing historic systemwide growth that positioned us to kick off 2022 with such exciting news.
We’d like to thank all our store owners for remaining dedicated to the Uptown Cheapskate mission and helping us grow in such a positive way. As we reflect on this tremendous achievement, we also want to remind all current and prospective owners of the benefits our nationwide presence affords us all.
What got us here
Uptown Cheapskate’s 100-store milestone would never have been possible without the hard work, innovation and dedication of both our corporate staff and our franchisees. Since we launched in 2008, our team has worked tirelessly to build a system of support, including our cutting-edge technology, to execute our upscale resale vision. Our franchise store owners have used that support to launch and grow their own businesses, making lasting community impact in the process. Plus, many of our owners are multi-unit franchise owners. This means that our franchisees love Uptown Cheapskate and its benefits so much, they decided to expand into new markets!
Along the way, Uptown Cheapskate has been commended for its status in the industry. Entrepreneur noted our business as a “best-bet investment” for five consecutive years. In 2021, we were ranked number 117 on their annual Franchise 500 ranking—and we were named the number-one franchise in our category!
These efforts have been reflected in our store growth, too. In a momentous post-pandemic boom, we signed dozens of new franchise agreements in 2021 alone. This put a spotlight on the trust franchisees have in our business model and the resale clothing industry at large. And for good reason—the resale clothing industry is projected to reach $77 billion by 2025. That’s more than double the 2021 figure of $36 billion globally!
The fact of the matter is, the resale clothing industry is here to stay, and it’s growing faster than traditional retail. Uptown Cheapskate has positioned itself as the premier upscale resale clothing franchise in the United States, and entrepreneurs want in! Thanks to our focus on providing a fantastic shopping experience, our commitment to giving back and our dedication to environmental sustainability, we’re well positioned to continue to grow in the coming years. 100 stores today, many more to come!
Franchise owners reap the benefits
This 100-store milestone is not only beneficial for our company. Each individual store owner benefits from our continued growth and success. Check out a few of the major perks of being part of our growing network.
- National brand awareness: Brand awareness is huge for a resale clothing brand like Uptown Cheapskate. The more people who know about our amazing offerings, the better! As we continue to open new stores in more states and cities across the nation, Uptown Cheapskate will become more of a household name. The result? More customers coming through your doors to check out what your store has to offer!
- Better network-wide support: As our brand grows, our company offerings will, too. Every day, Uptown Cheapskate and our parent company, BaseCamp Franchising, gets better at positioning franchisees for success. We already offer industry-leading training, an innovative sales platform, financial coaching and marketing services to ensure each store is performing at its best. The bigger and better our network becomes, the more experience we have at scaling our business and the better we can support our owners.
- Larger network of like-minded entrepreneurs: When you open an Uptown Cheapskate store, you’ll be building your business yourself—but you’re never truly alone! Our owners benefit not only from our corporate support team but also their fellow store owners across the nation. We encourage franchisees to network and connect with one another to trade best practices and operating tips, so we all succeed and grow together.
You don’t have 100 open locations without some proof of success. Reaching this milestone is a massive achievement for our brand and our franchisees alike. Thank you to all our owners who have helped to make this possible. We can’t wait to grow with you in the years to come!
Are you interested in opening your own Uptown Cheapskate resale clothing store? We can’t wait for you to join our family! Request more information today to get started.