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Updated RecentlyPlato's Closet vs Uptown Cheapskate Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Plato's Closet vs Uptown Cheapskate including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $251,700 - $390,700 | $301,579 - $491,579 |
| Franchise Fee | $25,000 | $25,000 |
| Royalty Fee | 5% | 5% |
| Advertising Fee | $1K/yr. | 0.5% |
| Year Founded | 1998 | 2008 |
| Year Franchised | 1999 | 2008 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | 5000 | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/Yes |
| Start-up Costs | No/Yes | -/Yes |
| Equipment | No/Yes | -/Yes |
| Inventory | No/Yes | -/Yes |
| Receivables | No/No | -/Yes |
| Payroll | No/No | -/Yes |
Training & Support |
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| Training | On-The-Job Training: 30 hours Classroom Training: 48 hours | On-The-Job Training: 40 hours Classroom Training: 88 hours Additional Training: At existing store |
| Support | 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 Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | Number of Employees Required to Run: 3 - 5 | Number of Employees Required to Run: 5 - 9 |
Expansion Plans |
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| US Expansion | Yes | - |
| Canada Expansion | Yes | - |
| International Expansion | No | - |
Company Overviews
About Plato's Closet
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About Uptown Cheapskate
Searching for a subsidence safe business? Do you appreciate a fun in vogue retail environment? Does owning your own particular resale dress boutique energize you? At that point Uptown Cheapskate may be an immaculate fit! Uptown gives an energizing retail opportunity in the resale business, focusing on clients ages 14 to 25. The Uptown approach makes an upscale look and feel while giving an extraordinary support of its clients with name mark previously owned garments and frill.
Owning an Uptown Cheapskate establishment gives you an ensured geographic range with support in the accompanying zones:
Site Selection/Lease Negotiation: With more than 20 years of rent arrangement encounter this is a claim to fame we offer you to arrange a positive rent.
Start-Up: An accomplished delegate from the corporate office will help you with business arranging, acquiring an advance, form out, and will even turn out to your area and help you amid your Grand Opening end of the week!
Preparing: Training is held for 11 days at the corporate preparing focus in Salt Lake City. Other new store proprietors will go to too so you're not the only one as far as you can tell.
PC IT Support: IT bolster work force are accessible to help you with framework set up and any issues that tag along the way.
This business is not for everybody, keeping in mind we are focused on giving first rate administration and making things basic for you we likewise need you to realize that it won't be simple! In any case, for the perfect individual owning an Uptown Cheapskate establishment can be profoundly fulfilling.
Seeking new franchise units throughout the U.S., Australia/New Zealand, Canada, Central America, Eastern and Western Europe Mexico and South America.
Veteran Incentives 20% off franchise fee