Uptown Cheapskate Franchise FDD, Profits & Costs (2025)

Uptown Cheapskate is a leading resale clothing franchise. It specializes in buying and selling gently used, trendy clothing and accessories for young adults. Founded in 2008 in Salt Lake City, Utah, it has grown rapidly across the U.S. Currently, Uptown Cheapskate operates over 130 stores, with more locations in development.

The franchise began franchising in 2008. It stands out with its boutique-like shopping experience. Stores are clean, organized, and stylish. Customers enjoy high-quality fashion at 50-70% off retail prices. This appeals to shoppers who may not usually choose secondhand stores.

Uptown Cheapskate also focuses on sustainability. It promotes clothing reuse to reduce waste. The franchise creates local jobs and supports communities through charitable programs. It combines affordable fashion with environmental and social responsibility.

Initial Investment

How much does it cost to start a Uptown Cheapskate franchise? It costs on average between $377,000 – $611,000 to start a Uptown Cheapskate franchised store.

This includes costs for store build-out, fixtures, initial inventory, and startup operating expenses. The exact amount varies based on factors such as the size and layout of the store, the location, and whether the franchisee opts to lease or purchase the property.

Type of ExpenditureAmount
Initial Franchise Fee$25,000
Travel and Living Expenses while Training$2,000 to $5,000
Real Estate Deposit$5,000 to $20,000
Real Estate Improvements$15,000 to $160,000
Exterior Signs and Graphics$12,400 to $16,800
Interior Signs$4,000 to $6,000
Trade Fixtures$75,250 to $86,000
Computers, Scanners, Cash Drawers, etc.$15,486
BaseCamp® Software Suite$10,000
Security Camera System$1,800 to $6,000
Grand Opening Promotion$20,000 to $25,000
Opening Inventory$75,000 to $85,000
Incorporation Documents$500 to $1,000
Loan Fees$3,500 to $8,500
Licenses, Permits, Utility Deposits$1,000 to $2,000
Supplies, Hangers, Misc. Expenses$21,000 to $24,600
Pre-Opening Working Capital$48,000 to $60,600
Additional Funds for 3 months$42,000 to $54,000
TOTAL$376,936 to $610,986

Average Revenue (AUV)

How much revenue can you make with a Uptown Cheapskate franchise? A Uptown Cheapskate franchised location makes on average $1,228,000 in revenue (AUV) per year.

Here is the extract from the Franchise Disclosure Document:

Uptown Cheapskate fdd item 19 extract

This compares to $701,000 yearly revenue for similar fashion franchises. Below are a few Uptown Cheapskate competitors as a comparison:

Uptown Cheapskate competitors

Uptown Cheapskate Franchise Disclosure Document

Frequently Asked Questions

How many Uptown Cheapskate locations are there?

As of the latest data, Uptown Cheapskate operates 129 stores across the United States, comprising both company-owned and franchised locations.

What is the total investment required to open a Uptown Cheapskate franchise?

The total investment required to open a Uptown Cheapskate franchise ranges from $377,000 to $611,000.

What are the ongoing fees for a Uptown Cheapskate franchise?

Uptown Cheapskate franchisees pay a 5% royalty fee and a 1% national marketing fee, both based on gross sales.

What are the financial requirements to become a Uptown Cheapskate franchisee?

To become a Uptown Cheapskate franchisee, you must have a minimum net worth of $400,000 and at least $150,000 in liquid capital. These requirements ensure that franchisees have the financial stability to cover initial investments and sustain operations during the startup phase.

How much can a Uptown Cheapskate franchise owner expect to earn?

The average gross sales for a Uptown Cheapskate franchise are approximately $1.23 million per location. Assuming a 15% operating profit margin, $1.23 million yearly revenue can result in $185,000 EBITDA annually.

Who owns Uptown Cheapskate?

Uptown Cheapskate franchise is owned by BaseCamp Franchising, a company specializing in resale franchise concepts. BaseCamp Franchising also owns Kid to Kid, another resale-focused brand, and is headquartered in Salt Lake City, Utah.

Disclaimer

Disclaimer: This content has been made for informational and educational purposes only. We do not make any representation or warranties with respect to the accuracy, applicability, fitness, or completeness of the information presented in the article. You should not construe any such information or other material as legal, tax, investment, financial, or other professional advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.

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