Our upscale clothing resale franchise comes with a low-cost ownership price tag and world-class support
Uptown Cheapskate is the future of the fast-growing resale clothing industry, thanks to an elevated shopping experience that is nothing like the drab and disorganized thrift stores that are found in most markets.
You might think that launching a upscale resale clothing store would come with a high price tag, but Uptown Cheapskate is one of the most affordable investments in the retail space.
Our team will guide you to the best resources for funding and store build-out. With SBA financing you could only need to raise as little as $50,000 in liquid assets to open an Uptown Cheapskate location, with the total investment to open a new Uptown Cheapskate franchise starting at $301,579.
Atlanta multi-unit owner Brent Brock says it’s an ideal time to invest in the resale market through Uptown as the industry is booming. He’s also living proof of the scalability of Uptown Cheapskate. He’s in the midst of building his fourth location in Roswell, Georgia, and is planning to build and open a fifth location in nearby Dunwoody in 2021.
“I believe the last couple of years we have only scratched the surface of the resale market,” Brock says. “Resale has now become so popular that everyone is trying to figure out how to successfully do it. There are plenty of online stores popping up trying to gain their share of the market and major companies are even trying their hand at resale. However, none of these brands compare to Uptown Cheapskate. Everything that you need to excel in this industry, we already have in place. This includes a low cost of entry, and a proven business model that is easily scalable.”
Fashion trends may come and go, but the resale industry uptick is here to stay. Leading online reseller ThredUp reports that the industry is estimated to reach $64 billion more than doubling in size over the next decade as resale becomes mainstream and people seek to shop sustainably and aim to stretch their clothing budget as far as possible.
From Financing Assistance to Sales, We Support You
Uptown Cheapskate stands out as a unique chic and trendy business that is backed by world-class support from day one. One of the most critical components of launching any business is financing, and our in-house financial adviser will help you secure financing for the cost of your Uptown Cheapskate store on the front end. Additionally, we will help you set financial goals once you’re up and running.
Uptown Cheapskate is a potentially very profitable business to own. How much you make as a franchise owner depends on a variety of factors, from geographic location to access to inventory. According to our 2020 Franchise Disclosure Document Item 19, our top 25% of stores in sales volume boasted average sales of $1,350,933 and an average net income of $304,781. The second 25% saw average sales of $962,824 and an average net income of $158,988.
You also don’t need prior retail experience to successfully launch and own an Uptown Cheapskate. While it’s certainly helpful, our proven business model and exceptional ongoing support will help you thrive in business, provided that you’re driven to follow our system and processes and have the passion to make your business a success.