Uptown Cheapskate

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Uptown Cheapskate

Uptown Cheapskate Franchise FDD, Costs & Fees (2025)

Resale fashion franchise offering trendy, gently used clothing and accessories at affordable prices, providing a sustainable and budget-friendly shopping experience.

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
Franchise Fee $25,000
Travel and Lodging Expenses while Training $1,500 to $5,500
Real Estate Deposit $4,500 to $22,500
Real Estate Improvements $35,000 to $150,000
Exterior Signs and Graphics $13,500 to $18,500
Interior Signs $2,000 to $5,000
Trade Fixtures $67,500 to $94,500
Computers, Scanners, Cash Drawers, Printers, Credit Card Machines, Routers, Cables, I-Pads, etc. $18,502
BaseCamp Software Suite $15,000
Security Camera System $2,000 to $5,000
Grand Opening Promotion $20,000
Opening Inventory $70,000 to $90,000
Incorporation Documents $500 to $1,000
Loan Fees $0 to $27,000
Licenses, Permits, Utility Deposits $1,000 to $2,500
Supplies, Hangers, Misc. Expenses $12,000 to $29,000
Additional Funds [initial period] 3 months $40,000 to $67,500
TOTAL $328,002 to $596,502
Type of Expenditure Amount
Franchise Fee $25,000
Travel and Lodging Expenses while Training $1,500 to $5,500
Real Estate Deposit $4,500 to $22,500
Real Estate Improvements $35,000 to $150,000
Exterior Signs and Graphics $13,500 to $18,500
Interior Signs $2,000 to $5,000
Trade Fixtures $67,500 to $94,500
Computers, Scanners, Cash Drawers, Printers, Credit Card Machines, Routers, Cables, I-Pads, etc. $18,502
BaseCamp Software Suite $15,000
Security Camera System $2,000 to $5,000
Grand Opening Promotion $20,000
Opening Inventory $70,000 to $90,000
Incorporation Documents $500 to $1,000
Loan Fees $0 to $27,000
Licenses, Permits, Utility Deposits $1,000 to $2,500
Supplies, Hangers, Misc. Expenses $12,000 to $29,000
Additional Funds [initial period] 3 months $40,000 to $67,500
TOTAL $328,002 to $596,502

Franchise Disclosure Document

Competitors

Below are some of

Uptown Cheapskate

key competitors in the

Fashion

sector.

Franchise
Franchisees
Initial fee
Total investment
Revenue
Upgrade
Gross Profit
Upgrade
EBITDA
Upgrade

129

New
+
30%
30%

$25,000

$328,000

$597,000

n.a.

$1,251,000

$xxx,xxx

63.0%

xx%

n.a.

14.7%

xx%

n.a.

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Number of units

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.

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.

Competitors

Pearce Bespoke

Pearce Bespoke offers custom clothing services, providing personalized tailoring for clients. Franchisees are supported with marketing, training, and operational tools to grow their custom apparel business.

Franchisees

?

46
+
4500%
4500%
Investment

?

$43,000 - $128,000
Retail
Fashion

Clothes Mentor

Clothes Mentor is a resale franchise specializing in high-quality, gently used women’s clothing, shoes, and accessories, offering stylish, affordable fashion with an emphasis on sustainability.

Franchisees

?

120
+
-4%
-4%
Investment

?

$272,000 - $396,000
Retail
Fashion

Uptown Cheapskate

Resale fashion franchise offering trendy, gently used clothing and accessories at affordable prices, providing a sustainable and budget-friendly shopping experience.

Franchisees

?

129
+
30%
30%
Investment

?

$328,000 - $597,000
Retail
Fashion

Style Encore

Women's clothing and accessories resale franchise offering high-quality, gently used fashion items at affordable prices.

Franchisees

?

69
+
-3%
-3%
Investment

?

$323,000 - $449,000
Retail
Fashion

Socks & Bottoms

Socks & Bottoms offers a wide range of socks and underwear for men, women, and children, providing comfortable and stylish options for everyday wear.

Franchisees

?

0
+
n.a.
n.a.
Investment

?

$193,000 - $271,000
Retail
Fashion

Scout & Molly's

Scout & Molly's offers women's boutique fashion and accessories, providing trendy and curated selections for individuals seeking unique style options.

Franchisees

?

20
+
-13%
-13%
Investment

?

$319,000 - $388,000
Retail
Fashion