There are a ton of business options for aspiring entrepreneurs to choose from, so you’ll need to ask yourself why one business is better than the others. When it comes to opening a resale clothing franchise like Uptown Cheapskate, the reasons are clear!
Check out the top six reasons franchisees are choosing to invest in their own resale business.
1. The industry is booming
When investing in a new business and career for yourself, you want to be sure it has a bright future to look forward to. Joining a thriving and growing industry is the first logical step in setting yourself up for success.
The resale clothing industry is absolutely booming! Growth trends from recent years have shown that resale has a very positive outlook. By 2026, the U.S. secondhand market is projected to reach a staggering $82 billion. That growth is 16 times faster than the traditional retail clothing sector. It’s a fact that resale is becoming more popular—and it’s poised to stay.
2. Resale doesn’t go out of style
Resale is one of the most evergreen business types available. Shopping secondhand has been around for decades, shifting in popularity with various customer groups. Today, the industry is largely driven by young shoppers—Millennial and Gen Z buyers who care about conscious consumerism. Resale’s target markets might change, but its adaptability will remain. By buying and selling clothing that is currently on trend and in style, resale clothing will always be popular with some segment of the population.
3. Resale stores have few barriers to entry
Some businesses are difficult to break into, whether because of cost or the steep learning curve. You want to open a business you are passionate about, can operate successfully and that won’t break the bank. A resale clothing store sits right in that sweet spot.
A resale clothing franchise like Uptown Cheapskate is an affordable way to launch your own store. You don’t have the same costs as a traditional retail brand, since most of your secondhand inventory will come directly from the community at a low price. There are also no costs associated with warehousing or shipping products.
Resale is also easy to learn, especially when you’re part of a franchise system. You don’t need extensive retail experience to open an Uptown Cheapskate store. Our training program will teach you everything you need to know, and our proprietary technology will help you price items appropriately—no thrifting know-how required.
4. Resale is recession-resistant
Stores that sell luxury items or “unnecessary” goods might find themselves in a sticky situation if the economy takes a turn for the worst. Businesses that can survive a recession come with much lower risk and often succeed long-term. Resale is one such recession-resistant industry.
Everyone needs clothing—especially growing kids, teenagers and young adults. Affordable clothing is particularly essential if budgets get tighter. During good and bad economies, there will always be families who prefer to shop for clothing at a discount.
5. It’s a sustainable business model
A growing number of entrepreneurs don’t just want to run a business—they want to make a positive impact on the world around them. Unfortunately, not all business types allow you to do well and do good at the same time. But resale can!
Resale is inherently a sustainable business model because it extends the lives of products beyond a single consumer. This helps minimize waste and reduces the need for new products in the market. In the clothing industry, specifically, textile waste from fast fashion is a tremendous source of pollution. Resale clothing is the antidote to this problem.
6. Our resale franchise is growing
Entrepreneurs and larger corporations alike have identified the immense potential the resale clothing industry holds. Aspiring business owners would do well to join the industry early in order to establish themselves in the market and capitalize on future growth.
Uptown Cheapskate’s resale clothing franchise is a perfect example. Since our founding, we’ve grown to over 100 locations and counting! As we welcome new franchisees into our system, we encourage aspiring owners to act fast to lock down a preferred territory before someone else does. The sooner you can open your business’s doors, the sooner you can experience the joys of operating a resale business.
Ready to get started? Reach out to an Uptown Cheapskate franchise representative to learn more about our exciting business opportunity.