Uptown Cheapskate is a Franchise Grade Made The Grade™ franchise, which means it's ranked well by our reviewers.
Uptown Cheapskate franchises are resale stores for young adults that buy and sell name-brand apparel, shoes and accessories.
Uptown Cheapskate has a franchise fee of up to $25,000, with a overall upfront investment range from $309,779 to $501,579.
The upfront cost of any franchise includes many fees. Explore this investment opportunity to better understand the initial costs required to own a Uptown Cheapskate, such as territory fees, construction and costs, pre-opening marketing, and equipment purchases. As a reminder, franchise companies are required to provide you with details about all initial fees. These fees include those that are actually paid when signing the franchise agreement and commitments to fees you are required to pay. Another important item to review is whether the upfront fees are refundable to you or not. The franchisor is required to disclose what conditions any of the upfront fees are refundable. A franchise must also disclose a range of fees if its initial fees are not the same within the system. A careful review of the Item 5 initial fees will give you the answers needed to make an informed investment decision a Uptown Cheapskate.
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As with any new franchise, there should be a solid ROI and net profit potential. The specific franchisee's salary and the revenue from a Uptown Cheapskate business depends on a lot of different factors. One way to confirm the potential revenues or profits generated from a Uptown Cheapskate franchise investment is to review the franchisor's Item 19 within their FDD. This is called a financial performance representation. This is not required within a franchisor's disclosure and approximately 68% of all franchise companies that we have reviewed will disclose financial performance data within Item 19 of their FDD. Some franchise companies may disclose limited information such as overall systemwide sales. This type of financial data is not always helpful to assess profits for you directly. So review systemwide sales data with caution. As a general rule, usually earnings and owner's income are correspond to the overall size of the initial investment. The larger the initial investment, the higher profits you could anticipate. Another factor to profitability is based on the number of locations you own. If you purchase multiple outlets (usually defined as Area Development Agreements), you can anticipate that as you launch each additional location, you will generate more revenue and profits overall. Demand for your products, the labor costs in your state, commercial lease rates and several other variables are important factors in determining your bottom line and your personal salary. Your future returns are dependent on Uptown Cheapskate's success. Your profits and owner's income is not just reliant on how well your own location performs, you should review how well the entire franchise system is performing. Determine how the franchisor earns income and analyze their financial statements.
For additional information and system-specific data on the revenue of a Uptown Cheapskate franchise, unlock this franchise
As of the 2021 Franchise Disclosure Document, there are 79 franchised Uptown Cheapskate locations across the USA.
Did you know there are over 3,000 franchise opportunities across the United States. More than 80% have less than 10 locations.
Based on 2021 FDD information, Uptown Cheapskate has franchised locations in 21 states.
Based on the data collected Uptown Cheapskate is growing into new states and might be available near you. While planning your franchise purchase, you should be thinking about where is a good location for my franchise. Anlayze the potential customer base to assess that the area you are looking at has a need or want for this brand. Even the most successful franchises have areas that they are not successful in. The reasons why a specific franchised location can fail are plentiful. You should analyze not only the business opportunity itself, but review locations where you believe the business has a greater chance to succeed.
One of our franchise experts will have detailed knowledge about this franchise. Unlock to learn more and speak with our advisors.
Last Reviewed: 2021
Sector: Retail Products and Services
Yes, they have an initial training program of 164 hours. This includes 94.50 hours of classroom training, 44.50 hours of on-the-job training, and 25 hours of online training. In their FDD they outline who's in charge of the training. Unlock to find out more.
Uptown Cheapskate does NOT offer territory protections. For an explanation of territory rights, unlock this franchise for important details.
Yes, Uptown Cheapskate offers comprehensive support for franchisees. Unlock this franchise to find out more.
They began franchising in 2008. The average Fashion franchise began franchising in 2004.
Yes. They offer certain financing options within Item 10 of their FDD.