Rank no. 332 – Uptown Cheapskate – US
Products & Services: Young-adult-clothing resale store
Number of Locations: 32
Total Investment: $252K – 384.5K
Began Franchising: 2008
About Uptown Cheapskate
Uptown Cheapskate is a resale store for young adults that buys and sells name-brand apparel, shoes and accessories. The company, based in Salt Lake City, Utah, started in 2008 and began franchising the same year.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $25,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Net Worth: $70,000
Liquid Cash Available: $70,000
Number of employees needed to run franchised unit: 5 – 9. Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators).
|FINANCING TYPE||IN-HOUSE||THIRD PARTY|