The resale clothing industry is booming. You could be a part of it!
Lewisville, TX
| Asking Price: | $225,000 |
| Inventory: | $50,000 |
| FF&E: | $175,000 |
| Gross Revenue: | $651,000 |
| Rent: | $8,248/Month |
| Established Year: | 2014 |
Listing ID: 2313644Listing provided by BizBuySell
BUSINESS DESCRIPTION
Turnkey fashion exchange store
Uptown Cheapskate is revolutionizing the $39 billion resale clothing industry. With over 140 locations nationwide and 40+ more stores under development, UC is the fastest growing clothing resale brand in the United States. This is a unique opportunity to purchase an existing store in a thriving sold-out DFW market for about half the cost of opening a new store. Visit uptowncheapskate.com to learn more about the franchise in general, or call to explore this rare store ownership opportunity in Lewisville, Texas.
DETAILED INFORMATION
Location
Lewisville, TX
Inventory
Included in asking price
Real Estate
Leased
Building SF
4,187
Lease Expiration
31/03/2028
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
All assets including proprietary counter, racks and fixtures, Basecamp POS program and equipment, computers, printers, retail displays, interior signage, sales supplies, etc. Replacement value of the fixtures, equipment and build-out is in the $300,000 range. A similar new store costs about $500K.
This beautiful store is completely built out so you can hit the ground running. Lighting, signage, security system and other facility related items were updated in 2023.
Competition
UC is similar to Plato’s Closet – another popular teen resale concept with multiple stores in the DFW market- but better! UC purchases fashions for a broader demographic, including teens, young adults, and value-conscious men and women. The resale industry is growing exponentially each year and is recession-resistant. With 31 Texas-based Uptown Cheapskate franchises and over 110 more across the country, you’ll benefit from a National Marketing Program, strong name recognition, great franchise systems and support, and camaraderie among franchisees.
Growth & Expansion
Most Uptown Cheapskate franchisees have experienced such amazing success that they either have opened, or plan to open additional locations. The DFW area Uptown Cheapskate locations are basically sold out -- which adds to the demand for this established location. Expansion opportunities are available outside the immediate area.
Financing
Must have $120K in working capital. Seller financing available
Support & Training
The UC franchise offers industry-leading training and support to help you thrive from day one. The program includes online training, 6 days in-person at HQ, and an internship at a top UC store. Business consultants provide ongoing operational support and store visits, and a 10+ person marketing team creates top notch materials & aids in successful marketing efforts.
Reason for Selling
This store needs a hands-on owner/manager to implement franchise success systems
Franchise
This business is an established franchise
BUSINESS LOCATION
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