Fast-growing secondhand clothing franchise named no. 1 in category by premier business publication
Uptown Cheapskate, a leading resale clothing business, was ranked number 117 on Entrepreneur’s 42nd annual Franchise 500® ranking for 2021.
This high-ranking position is strong validation that the fast-growing secondhand clothing franchise is not only a worthy investment but also a brand that is poised for lasting growth.
Widely regarded as the most prestigious ranking in the franchise industry, Entrepreneur measures franchise systems based on of costs & fees, size & growth, support, brand strength, and financial strength & stability. In all of these categories, Uptown Cheapskate more than measures up.
In fact, Entrepreneur magazine named Uptown Cheapskate the no. 1 franchise opportunity in our category.
By elevating resale shopping into a mainstream experience, Uptown Cheapskate has a ton of momentum going into 2021. With several years of positive sales growth, as well as rapid expansion across the United States, Uptown Cheapskate is an exciting, growing brand that is making a real difference in the communities where we operate.
With exceptional support, relatively low startup costs, and visionary leadership that puts franchisee success before anything else, Uptown Cheapskate is a brand that is poised to grow for years to come.
“We’re honored to be ranked so high on this year’s Franchise 500,” says Chelsea Sloan Carroll, Brand President of Uptown Cheapskate. “Our brand made swiftly pivoted in response to the disruptions of the pandemic, and we’re now in a much stronger position. The resale industry is growing faster than anyone expected, and our business model is going to be more relevant as people are going to need to save money on clothing, as well as make money from selling their clothes to us. The service that we provide to our customers is invaluable, and our strong unit economics reflect that. We’re looking forward to strong growth in 2021, as entrepreneurs capitalize on the enormous real estate opportunities that exist right now.”
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For in-depth details about the Uptown Cheapskate resale clothing opportunity, download our Free Franchise Opportunity Report. You also can learn more by visiting our research pages.