Uptown Cheapskate
Retail Clothing & AccessoriesCompany Information
Address
39 East Eagle Ridge Drive, #100North Salt Lake, Utah 84054
Website
Tel
Email
Franchise Summary
Description
Uptown Cheapskate franchises the right to use its trade name and system to sell new and used teen and junior products to the public.
Company Background
Uptown Cheapskate(R) is a franchisor of teen and junior products. The company was founded in 1988 by Ronald F. Cox, Jr., who had the idea to create an outlet store for new and used goods with low prices--a place where parents could find clothing, shoes, accessories, jewelry at affordable cost for their kids.
Franchise Opportunity
Teens and juniors need affordable, stylish clothing but don't want to break the bank. Clothing is a necessary expense for growing teens and juniors, but it can be hard to find affordable options that are also stylish and age-appropriate. Uptown Cheapskate offers both new and used clothing at an affordable price. We have a wide selection of trendy styles that will keep your teen or junior looking sharp all year long.
Corporate Structure
Uptown Cheapskate®, LLC is a Utah-based limited liability company. Their principal business address is 39 East Eagle Ridge Drive, #100 North Salt Lake, Utah 84054. They offered franchises for sale beginning in September 2008. Uptown Cheapskate® has no parents or predecessors but is affiliated with Kid to Kid® Franchise System, Inc., a franchise system that sells new and resale items for children.
Earnings Transparency
This Franchise discloses slightly more information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Financial Performance of "Standard" Units
Average Revenue Per Unit
Compared vs. Clothing & Accessories Industry$767,748 / unit
Franchise Type: Standard
Average Revenue During 2020
Average Gross Profit Per Unit
Compared vs. Clothing & Accessories Industry$1,970,466 / unit
Franchise Type: Standard
Average Gross Profit During 2020
Franchise Types Available
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Employee Contact Database
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Distribution of Uptown Cheapskate Franchisees
Uptown Cheapskate Franchise System Development in 2022
FAQ
How much investment do I need to start my own Uptown Cheapskate business?
Franchisees typically require at least $345 to $575 investment to get their Uptown Cheapskate business started
What are the initial franchise fees for Uptown Cheapskate?
Franchisees typically need to pay at least $35 in fees directly to Uptown Cheapskate in order to earn the right to launch their business
How much money can I make with a Uptown Cheapskate franchise? What are
the average revenues for a typical Uptown Cheapskate business?
We estimate that the average revenue of an individual
Uptown Cheapskate unit is approximately
$767,748. We based this on Item 19 in franchise disclosure
document
How long do I need to commit to running a Uptown Cheapskate unit? What
is my contractual commitment?
The standard length for an initial franchise contract is 10 years. Renewals are
also generally 10 years
Accessibility
The Franchisor's investment costs ranges from
$345,959 to $575,334
which is
Much Higher
than the $0 to $0 average in the Clothing & Accessories industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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