Start-Up Costs and Fees |
||
| Uptown Cheapskate | Clothes Mentor | |
| Investment | 301579 - 491579 | 193000 - 310000 |
| Franchise Fee | ||
| Royalty Fee | 5% | 4% |
| Advertising Fee | 0.50% | $2K/yr |
| Year Founded | 2008 | 2001 |
| Year Franchised | 2008 | 2007 |
| Term Of Agreement | ||
| Term Of Agreement | ||
| Renewal Fee | ||
Business Experience Requirements |
||
| Uptown Cheapskate | Clothes Mentor | |
| Experience | ||
Financing Options |
||
| Uptown Cheapskate | Clothes Mentor | |
| Franchise Fees | ||
| Start-up Costs | ||
| Equipment | ||
| Inventory | ||
| Receivables | ||
| Payroll | ||
Training & Support |
||
| Uptown Cheapskate | Clothes Mentor | |
| Training | On-The-Job Training: 40 hours Classroom Training: 88 hours Additional Training: At existing store | On-The-Job Training: 20 hours Classroom Training: 63 hours |
| Support | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | Number of Employees Required to Run: 5 - 9 | * 50% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 8 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
||
| Uptown Cheapskate | Clothes Mentor | |
| US Expansion | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming | |
| Canada Expansion | ||
| International Expansion |
Start-Up Costs and Fees Mobile |
|
| Investment | |
| Uptown Cheapskate | |
| Clothes Mentor | |
| Franchise Fee | |
| Uptown Cheapskate | |
| Clothes Mentor | |
| Royalty Fee | |
| Uptown Cheapskate | 5% |
| Clothes Mentor | 4% |
| Advertising Fee | |
| Uptown Cheapskate | 0.50% |
| Clothes Mentor | $2K/yr |
| Year Founded | |
| Uptown Cheapskate | 2008 |
| Clothes Mentor | 2001 |
| Year Franchised | |
| Uptown Cheapskate | 2008 |
| Clothes Mentor | 2007 |
| Term Of Agreement | |
| Uptown Cheapskate | |
| Clothes Mentor | 10 Years |
| Renewal Fee | |
| Uptown Cheapskate | |
| Clothes Mentor | $10K |
Business Experience Requirements |
|
| Experience | |
| Uptown Cheapskate | |
| Clothes Mentor | |
Financing Options |
|
| Franchise Fees | |
| Uptown Cheapskate | |
| Clothes Mentor | |
| Start-up Costs | |
| Uptown Cheapskate | |
| Clothes Mentor | |
| Equipment | |
| Uptown Cheapskate} | |
| Clothes Mentor | |
| Inventory | |
| Uptown Cheapskate | |
| Clothes Mentor | |
| Receivables | |
| Uptown Cheapskate | |
| Clothes Mentor | |
| Payroll | |
| Uptown Cheapskate | |
| Clothes Mentor | |
Training & Support |
|
| Training | |
| Uptown Cheapskate | On-The-Job Training: 40 hours Classroom Training: 88 hours Additional Training: At existing store |
| Clothes Mentor | On-The-Job Training: 20 hours Classroom Training: 63 hours |
| Support | |
| Uptown Cheapskate | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Clothes Mentor | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | |
| Uptown Cheapskate | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Clothes Mentor | Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | |
| Uptown Cheapskate | Number of Employees Required to Run: 5 - 9 |
| Clothes Mentor | * 50% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 8 * Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) |
Expansion Plans |
|
| US Expansion | |
| Uptown Cheapskate | |
| Clothes Mentor | Nationwide, Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Guam, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming |
| Canada Expansion | |
| Uptown Cheapskate | |
| Clothes Mentor | |
| International Expansion | |
| Uptown Cheapskate | |
| Clothes Mentor | |