Uptown Cheapskate

Available Nationwide
Cash Required

$100,000

Min. Franchise Fee

$25,000

Total Number of Units

129

Franchising Since

2008

Corporate Headquarters

Salt Lake City,UT

CEO Name

Tyler Gordon & Zach Gordon

Overview

In 2008, the first Uptown Cheapskate opened its doors for business. Since then, the franchise has emerged as the fastest-growing clothing resale brand in the United States. At the end of 2023, there were >125 Uptown Cheapskate stores nationwide with an additional 43 stores under development.

What We Do

Each Uptown Cheapskate location focuses on bringing an expansive selection of gently-used, fashionable items to the masses at unbeatable prices – typically 50- 70%+ off original retail. We also have sustainability at our core: since inception, Uptown Cheapskate and its sister brand Kid to Kid have kept >200 million used items out of landfills.

Franchise Unit Trends and Revenue

Total Number of Units

129

New Units Opened

18

Average Unit Revenue

$1,225,707

* in 2023

Franchise Fees

Min. Franchise Fee

$25,000

Royalty Fee

5.0%
Gross Sales

Ad Fund Fee

0.5%
Gross Sales

Why Choose Uptown Cheapskate?

The clothing resale industry is thriving and is expected to reach $70 billion in the U.S. by 2027. As consumers increasingly gravitate towards resale’s combination of value and sustainability, the industry is poised to meet a growing wave of demand. At Uptown Cheapskate, we marry best-in-class value and assortment with a beautifully designed boutique shopping experience. When shoppers walk into an Uptown Cheapskate for the first time, they might not even realize that they are in a used clothing store – except when they look at the prices. That’s exactly why more and more shoppers are turning to Uptown Cheapskate for their fashion needs.

Starting Costs and Investment Requirements

Total Investment

$376,936 - $610,986

Net Worth Required

$200,000

Cash Required

$100,000

Training and Support
Financing Available

Training and Support

Proven Systems

Our robust management tools and extensive training are effective, comprehensive, and streamlined. We’ve combined the best practices of our top stores into a complete store management package making for easier multi-store management, improved staff training and engagement, and dramatically improved operations.

Results-driven Marketing

From social media, web and email marketing to in-store graphics, public relations and car wraps, our upscale marketing materials are uniquely designed to speak to our shoppers. Our marketing stays current with today’s trends in design, social media and more.

Beautifully-designed Stores

Just because we sell second-hand merchandise doesn’t mean our stores look second-rate. Our stores are designed to promote a fun and friendly atmosphere. From our modern fixtures and lighting to our upscale signage and displays, we believe in creating an extraordinary brand experience.

Inventory Management and Appraisal Program (IMAP)

To take the guesswork out of brand valuation, Basecamp Franchising created a proprietary buying software dubbed IMAP (Inventory Management and Appraisal Program). IMAP suggests the price based upon inventory and condition so people from all walks of life and various fashion backgrounds can correctly price an item for sale in the store.

Real-time Reporting

With our cloud-based reports, franchise owners can efficiently manage inventory levels, product costs and pricing. These tools can also be accessed remotely, paving the way for store owners to manage multiple stores simultaneously.

Extensive Training

New Uptown Cheapskate owners complete a 12-day training program, followed by a 5 day internship. Ongoing training is also available for owners and staff through our online training portals, support calls, site visits, regional conferences, and our annual owner’s conference.

Territory Availability

The flexibility to put stores in the best locations in a market is a huge advantage as you consider joining a franchise. Because we are a growing franchise, there are several great locations available in most areas for an Uptown Cheapskate store. This is especially important if you are looking at owning multiple stores over time to increase your market share or simply make more money. You’ll receive demographic analysis, area mapping, and site selection assistance from our headquarters to help you choose the location that is right for you.

Continuous Support

From site selection and store set up to grand opening and growing profits, you’ll have continuous support every step of the way. Based in Salt Lake City, Utah, our dedicated team offers computer, operational, marketing and financial support. Plus, our support representatives visit each store at least once a year to offer guidance and support where needed for success. Our owners also build and maintain strong friendships and mentorships with other store owners.

History

In 2009, the first Uptown Cheapskate opened its doors for business and since then, the franchise has grown to over 129 stores nationwide. As a family-run, closely knit franchise, we believe giving each and every franchise owner personalized support.

As a trademark brand of BaseCamp Franchising, Uptown Cheapskate brings the latest technologies and tools to an industry that’s been experiencing major growth in the past decade. By providing a proprietary buying software and inventory management system, robust employee training, branded marketing and cloud-based reporting tools, we give our franchisees the tools they need to manage stores efficiently and effectively. With more than 20 years of industry experience, we stand behind the mantra that YOUR success is OUR success.

Ideal Candidate

  • Strong desire to own and operate a business
  • Experience effectively managing people and teams
  • Very organized with an ability to prioritize and multitask
  • Comfort in a fast-paced environment
  • High-energy and outgoing
  • Dedicated to customer service
  • Willing to make a full-time commitment for at least the first full year
  • Desire to be an active participant in our franchise community
  • Environmentally-conscious

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