Business For Sale

Own an Uptown Cheapskate Franchise Resale!

Not Disclosed, NC
Mecklenburg County

Asking Price: Annual Revenue:
$250,000 $475,628

Retail: Clothing & Accessories

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RE: Own an Uptown Cheapskate Franchise Resale! Broker: Todd Albaum

Quick Facts

Asking Price: $250,000
Annual Revenue: $475,628
Net Profit: Not Disclosed
Cash Flow: $35,847
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2013
Employees: 9
BBN Listing #: 816643260
Broker Reference #: 9075-871554

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Business Overview:

Uptown Cheapskate is Ranked #355 on Entrepreneur Franchise 500 Ranking List. Recession proof Resale Franchise Store that buys and sells gently used items and gives back to the community. With over 40 plus stores this Franchise model has seen year over year growth in sales revenue and profit. This concept allows an owner to experience results-driven marketing to reach their target market.

Buyer must have 50k in working capital and pay 10k Transfer/Training Fee which is not included in the Sale Price of the Business. 10k Transfer/Training Fee includes 2 weeks of training at Corporate. Buyer is also required to invest up to $10k for marketing and pay for remodel requirements to transfer store in the amount of 13k. The remodel cost is included in the Sale price of the Business however the the 10k Transfer/Training Fee is not included in the price and will need to be paid to the Franchisor directly. Buyer will also need to assume customer on-account balances.

Franchisee has owned this business for 5 years and now looking to retire and spend more time with family.

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Property Features and Assets:

Rent with CAM is $6,351 this is a triple net lease so taxes and insurance will need to be paid as well. Insurance is $71.54, and taxes are $583.09

Market Competition and Expansion:

We are looking for an owner-operator to help grow the business and simplify and streamline the day to day operations. This Franchise is experiencing growth each year and there's never been a better time to be a part of this Franchise Concept.

Reason for Selling:

Other business interests

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is a franchise resale opportunity.

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The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.

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