Uptown Cheapskate Franchise FDD, Costs & Fees (2025)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Franchisees

?

99
+
25%
25%
Investment required

?

$377,000 - $611,000
Revenue (AUV)

?

$1,228,000
Undisclosed
Pro
+
n.a.
+
xx%
-xx%
n.a.
Initial franchise fee

?

$25,000
Royalty fees

?

5.00%
+
4.50%
Operating Profit

?

16.2%

Pro
Franchisees

?

99
+
25%
25%
Investment required

?

$377,000 - $611,000
Franchise fee

?

$25,000
Royalty fees

?

5.00%
+
4.50%
Revenue (AUV)

?

$1,228,000
Undisclosed
Pro
+
n.a.
+
xx%
-xx%
n.a.
Operating Profit

?

16.2%

Pro

Uptown Cheapskate: Redefining Fashion Resale for Young Adults

Uptown Cheapskate has emerged as a prominent name in the resale clothing industry, offering a unique shopping experience for young adults seeking stylish, gently used fashion. Established in 2008 in Salt Lake City, Utah, the brand has rapidly expanded its presence across the United States, now boasting over 130 locations and continuing to grow.

Franchising since 2008, Uptown Cheapskate differentiates itself through a boutique-style atmosphere that is clean, organized, and fashion-forward. Customers can find top-quality apparel and accessories at 50–70% below retail prices, attracting shoppers who might not typically frequent secondhand stores.

Beyond fashion, Uptown Cheapskate is committed to promoting sustainability by encouraging clothing reuse and helping reduce environmental waste. The brand also invests in local communities by creating jobs and supporting charitable initiatives, blending affordable style with social and environmental impact.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Type of Expenditure Amount
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

Franchise Disclosure Document

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Competitors

Franchise
Franchisees
Growth
Initial fee
Investment
Revenue
Gross Profit
Operating Profit
Industry

99

+
25%
25%
No growth
New

$25,000

$377,000

-

$611,000

n.a.

$1,228,000

Pro

63.5%

Pro

16.2%

Pro

Retail

Training

Uptown Cheapskate provides a comprehensive training program designed to equip new franchisees and their staff with the skills necessary to successfully operate their stores. The training programs offered by the franchisor are as follows:

  1. Initial Training Program
    Franchisees and one additional team member are required to attend a six-day training session before purchasing inventory or opening the store. This training is typically conducted at the corporate office in North Salt Lake, Utah, and includes classroom instruction, hands-on practice, and use of Uptown Cheapskate’s proprietary systems such as the Baseline point-of-sale system, IMAP, and QuickBooks.
  2. Internship Requirement
    Following the initial training, the designated store manager must complete a five-day (40-hour) internship at an approved Uptown Cheapskate store. This practical component ensures trainees apply their knowledge in a real retail setting and gain experience in store flow, inventory handling, customer service, and management practices.
  3. Advanced Franchisee Training
    Existing franchisees or renewing franchisees may be required to attend a five-day “Advanced Franchisee Training.” This session, if held, covers more in-depth topics and helps reinforce best practices. Although there is no fee for attending, participants are responsible for travel and other personal expenses.
  4. Refresher Training
    If a franchisee’s store sales fall below the system average, they may be required to attend a five-day refresher training course. The course covers essential operational areas such as efficiency, store operations, marketing, computers, accounting, and management strategies. This ensures continuous improvement and alignment with franchise standards.

Territory Protection

Uptown Cheapskate offers its franchisees a limited form of territory protection. Franchisees receive a “Protected Area,” defined as a five-mile driving radius around their approved store location.

Within this area, the franchisor agrees not to allow another Uptown Cheapskate franchise or company-owned store to operate. However, this protection is not absolute. The franchisee may still face competition from other channels of distribution or brands under the franchisor’s control.

Furthermore, if the franchisee does not open their store within 18 months of signing the agreement, Uptown Cheapskate reserves the right to reduce or eliminate the Protected Area or even terminate the franchise agreement altogether.

Number of units

2023
Franchised units

79

83

99

Company-owned units

6

13

14

Total units

85

96

113

Competitors

Pearce Bespoke

Investment required
$30,000
-
$121,000
Franchisees
16
+
n.a.
n.a.

Style Encore

Investment required
$323,000
-
$449,000
Franchisees
69
+
-3%
-3%

Plato's Closet

Investment required
$327,000
-
$449,000
Franchisees
515
+
3%
3%

Once Upon A Child

Investment required
$327,000
-
$462,000
Franchisees
430
+
6%
6%

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