Cash Investment (Liquid): $75,000
Minimum Investment: $301,579
Maximum Investment: $491,579
Minimum Net Worth: $200,000
Franchise Fee: $25,000
Royalty Type: Flat Percentage Fee
Royalty Fee Structure:
1 Store: 5% of gross sales
2 or more Stores: 4.5% of gross sales
Ad Fee Structure:
Minimum 5% Spend (Gross Sales)
0.05% Marketing Fund
Average # of Employees:
Year Established: 2008
Year First Franchised: 2009
WHO ARE WE?
Uptown Cheapskate is an apparel fashion exchange targeting young adults and juniors. Our stores are upbeat with attitude and personality. Uptown Cheapskate empowers individuals to express themselves using name brand fashions and modern style, without the typical retail price tag. We offer an upscale resale shopping experience that is a cut above the competition opening the door to more people to sell and shop second-hand.
The proprietary buying software provides incredible range and depth in buying, pricing (excellent margins), and managing the best brand-name products, which provides a differential advantage. The look and feel of our upscale stores, coupled with our commitment to the customer experience, is unmatched in the industry.
10 day training at corporate office & 5 day internship with successful owner, full-scale marketing department, IT support, on-site grand opening support, yearly visit, Annual Owner’s Meeting, Regional Trainings with other owners, monthly training calls, book keeping service & marketing service optional for nominal fee. Local real estate broker to help with finding & leasing a space.
Day in the Life
Manage and operate their store. Hire, train, and oversee employees. Provide customer service and product knowledge for purchasing inventory. The owner of multiple stores will affect similar results through human resource development.
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