百大连锁店-Rank no. 332 – 新移民致富之路
Rank no. 332 – Uptown Cheapskate – US
Products & Services: Young-adult-clothing resale store
Number of Locations: 32
Total Investment: $252K – 384.5K
Founded: 2008
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.
Franchise Units
| YEAR | U.S. | CANADIAN | INTERNATIONAL | COMPANY OWNED |
| 2013 | 30 | 0 | 0 | 2 |
| 2012 | 16 | 0 | 0 | 2 |
| 2011 | 7 | 0 | 0 | 1 |
| 2010 | 3 | 0 | 0 | 1 |
| 2009 | 1 | 0 | 0 | 1 |
Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Australia/New Zealand, Canada, Central America, Eastern Europe, Mexico, South America, Western Europe.
Startup Costs, Ongoing Fees and Financing
Total Investment: $252,000 – $384,500
Franchise Fee: $25,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
Franchise Fee: $25,000
Ongoing Royalty Fee: 5%
Term of Franchise Agreement: 10 years, renewable
FINANCIAL REQUIREMENTS
Net Worth: $70,000
Liquid Cash Available: $70,000
OPERATIONS
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 |
| Franchise Fee | ||
| Startup Costs | ||
| Equipment | ||
| Inventory | ||
| Accounts Receivable | ||
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How This Franchise Supports Franchisees
Training: Available at headquarters: 2 weeks. At existing store : 1 week.
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,
