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Franchise Directory > Uptown Cheapskate

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Listed Under:
Miscellaneous
Retail: Clothing

QuikFacts
The concept is simple. We buy and sell teens and young adults favorite brands at prices everyone can get excited about.

Began Franchising: 2008
Total US Units: 6 open or in process

Franchise Requirements
Franchise Fee: $25,000
Cash Required: $100,000
Total Investment: $228,900-$336,000

Who We Are

Uptown Cheapskate is more than a fashion exchange concept. It is an attitude, a personality, and an art form. Uptown Cheapskate empowers individuals to express themselves using brand name fashions and modern style without the typical price tag. The concept is simple really: we buy and sell your favorite brands at prices that everyone can get excited about. We’re not trying to change the world; just offer an exciting new way to shop it.

The Market

Uptown Cheapskate taps this rapidly growing teen-products market using an atypical approach. For the average customer, fashion is an art forn and a passion - upon which they spend much of their expendable income and mental energy. Predominantly female, these fashion junkies wear brand name clothing to express their individuality and flaunt their style. But because of Sporting the latest look is so high, Uptown Cheapskate concept of buy, sell and save is particularly appealing.

In addition to being sophisticated and brand conscious, Generation Y consumers have rich tastes and preferences that much be satisfied as quickly as possible. Since their expendable income is limited, they are forced to be value-minded. Many are world wise and share a general concern for the earth and the future and tend to favor retail concepts that share their concerns.

How We make our franchisees successful

While your key to success at Uptown Cheapskate is knowing how to purchase and price fashinable clothes and accessories, you dont need be a fashion guru in order to succeed at this busiuness. Our proprietary UC Buyer Program will help you keep a finger on the pulse of youth fashion. Its user-friendly touch screen interface and pricing database helps you determine a garments popularity and price it correctly. This pricing structure is updated by our corporate support team as we evaluate how well an item is selling at a recommended price. In effect, the program 'learns' which items are hot.

Not only does our point of sale software integrate with the UC Buyer to accurately track and measure inventoy, it also allows you to store customer information, maintain and monitor 'in-store credit' balances, and administer gift cards. It also produces several valuable marketing reports detailing your customers' purchasing behaviors and helps you understand how to better meet their needs.



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