The recent pandemic has skewed the progress of what is typically a seamless transition from summer to fall, especially regarding back-to-school shopping. This time is typically exciting for kids in school. However, for parents, it can be financially stressful and overwhelming.
According to the National Retail Federation’s (NRF) annual survey, families with elementary, middle and high school children spent an average of nearly $700 per household to ready their children for the school year in 2019. The NRF also estimated that more than half of this spending would be toward clothing (nearly $240) and shoes ($136).
Fortunately, Uptown Cheapskate exists to help young people save money on fashionable clothing. With more than 80 locations across the country, Uptown Cheapskate is the premier upscale resale clothing franchise in the nation. By focusing on providing a chic and trendy customer experience, a commitment to giving back and environmental sustainability, Uptown Cheapskate is poised to grow for years to come. This is beneficial to our franchise owners because they not only get to help shoppers save on the latest fashion trends, but also own a viable resale clothing business.
“I think this pandemic has shined a light on our stores because, in a bad economy, Uptown Cheapskate is needed,” says Craig Smith, CFO of uptown Cheapskate. “Having the opportunity to sell your clothing and make money, as well as shop for great clothes at an affordable price is very attractive to people during trying times. Additionally, the resale clothing industry was already on a fast track upward — this pandemic will only accelerate that. And our brand is in a position to be of great service to all of the communities we serve.”
What Makes Uptown Cheapskate the Right Consignment Resale Clothing Franchise to Invest in?
Although there are more than 25,000 resale and consignment stores in operation in the United States, not all of them are equal. Unlike other resale clothing franchises whose stores have a cheap feel, Uptown Cheapskate stores offer an upscale approach to the resale clothing experience. Our premier upscale resale clothing franchise not only helps young professionals save money on fashionable items, but we also provide an exceptional customer experience that is unmatched in the $27 billion resale clothing industry.
As a franchise opportunity, franchise owners with Uptown Cheapskate benefit from a community-minded organization. At Uptown Cheapskate, we believe it takes a community to make a business successful. Customers can come in store and buy the latest fashions at an affordable price, but also have the ability to sell their clothes to us directly. Additionally, the clothes we don’t buy are donated on behalf of our customers. Ultimately, this creates a relationship that is trustworthy and keeps thousands of clothing items out of landfills every week.
Moreover, Uptown Cheapskate is still one of the most affordable franchise opportunities in the retail industry. The total investment to open a new Uptown Cheapskate ranges from $301,579 to $491,579. From the moment you sign your franchise agreement, you will never be alone in business. Our exceptional operational team will be your side every step of the way to ensure you have all of the necessary resources to succeed in business. This includes everything from funding to store buildout, grand opening, initial training, marketing and more.