Established Uptown Cheapskate location in Langhorne Square
Business Description
EXECUTIVE SUMMARY
Established Uptown Cheapskate franchise location in Langhorne Square, Levittown, PA offering a proven buy-sell-trade fashion exchange model. This turnkey opportunity generates $700,000 in annual revenue with $70,000 in seller's discretionary earnings and represents significant value at less than half the cost of opening a new location.
BUSINESS OVERVIEW
This franchise operates in the rapidly growing resale clothing segment, serving the Philadelphia market with trendy, affordable fashion options. Established in 2021, the business has built a solid customer base and maintains consistent cash flow. The store features a well-trained team of 9 employees and operates with an absentee owner model.
FINANCIAL HIGHLIGHTS
• Annual Revenue: $700,000
• Cash Flow (SDE): $70,000
• FF&E Value: $120,000
• Inventory: $155,000 (included in asking price)
• Asking Price: $250,000
GROWTH POTENTIAL
The resale clothing market represents the fastest-growing retail segment. The Philadelphia market currently has only one Uptown Cheapskate location with capacity for 10-15 additional stores. Industry data shows average Uptown Cheapskate locations generate $1.3 million annually, indicating substantial growth opportunity for this established location.
FRANCHISE ADVANTAGES
Uptown Cheapskate ranks #1 in the Apparel and Accessories category in Franchise 500. The franchise provides comprehensive training, ongoing support, and proven business systems. Competition includes Plato's Closet and Buffalo Exchange, but Uptown Cheapskate consistently outperforms comparable franchise concepts.
SUPPORT & FINANCING
• Comprehensive franchise training and support
• Fully trained existing staff
• Three months of transition support from current owner
• Seller financing available up to $100,000
• Prime location in established shopping center
OWNER OPPORTUNITY
Current owners are selling due to remote management challenges following the birth of twins. This presents an ideal opportunity for an owner-operator to maximize the business potential through hands-on management. The business is positioned for immediate positive cash flow with significant upside potential in an underserved market.
This turnkey operation offers the security of an established franchise system with the growth potential of an emerging market leader in the dynamic resale fashion industry.
Established Uptown Cheapskate franchise location in Langhorne Square, Levittown, PA offering a proven buy-sell-trade fashion exchange model. This turnkey opportunity generates $700,000 in annual revenue with $70,000 in seller's discretionary earnings and represents significant value at less than half the cost of opening a new location.
BUSINESS OVERVIEW
This franchise operates in the rapidly growing resale clothing segment, serving the Philadelphia market with trendy, affordable fashion options. Established in 2021, the business has built a solid customer base and maintains consistent cash flow. The store features a well-trained team of 9 employees and operates with an absentee owner model.
FINANCIAL HIGHLIGHTS
• Annual Revenue: $700,000
• Cash Flow (SDE): $70,000
• FF&E Value: $120,000
• Inventory: $155,000 (included in asking price)
• Asking Price: $250,000
GROWTH POTENTIAL
The resale clothing market represents the fastest-growing retail segment. The Philadelphia market currently has only one Uptown Cheapskate location with capacity for 10-15 additional stores. Industry data shows average Uptown Cheapskate locations generate $1.3 million annually, indicating substantial growth opportunity for this established location.
FRANCHISE ADVANTAGES
Uptown Cheapskate ranks #1 in the Apparel and Accessories category in Franchise 500. The franchise provides comprehensive training, ongoing support, and proven business systems. Competition includes Plato's Closet and Buffalo Exchange, but Uptown Cheapskate consistently outperforms comparable franchise concepts.
SUPPORT & FINANCING
• Comprehensive franchise training and support
• Fully trained existing staff
• Three months of transition support from current owner
• Seller financing available up to $100,000
• Prime location in established shopping center
OWNER OPPORTUNITY
Current owners are selling due to remote management challenges following the birth of twins. This presents an ideal opportunity for an owner-operator to maximize the business potential through hands-on management. The business is positioned for immediate positive cash flow with significant upside potential in an underserved market.
This turnkey operation offers the security of an established franchise system with the growth potential of an emerging market leader in the dynamic resale fashion industry.
About the Business
- Years in Operation
- 4
- Employees
- 9
- Franchise
- This business is an established franchise
- Facilities & Assets
- Longterm lease options with great rates - 4000sf plus another 4000sf of basement onsite storage.
5 computers, new server system, ipads, hundreds of storage bins and a $100,000 fixture package included. - Website
- https://www.uptowncheapskate.com/location/langhorne/
- Market Outlook / Competition
- Resale is the fastest growing segment of clothing retail, and the Uptown Cheapskate Langhorne store is well-positioned to capture additional market share. Competitors include Plato's Closet and Buffalo Exchange.
- Opportunities for Growth
- The Philadelphia market only has one location so far, with room to add another 10-15 locations. The average Uptown Cheapskate does $1.3mm in annual revenue and is best-in-class for retail franchise locations, outpacing Plato's Closet and Once Upon a Child.
About the Sale
- Seller Motivation
- Owners are remote and just had twins. This store is difficult for us to manage
- Transition Support
- The Uptown Cheapskate franchise provides in-person and long distance training, as well as one-on-one support with a franchise support rep. Store team is in place and fully trained. Owner wants new owner to be successful and will provide ongoing support as needed for the first three months.
- Financing Options
- Seller willing to finance up to $100,000 of the purchase price
Listing Info
- ID
- 2383983
- Listing Views
- 270
Business Location
Listing ID: 2383983 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SalePennsylvania Businesses for SalePennsylvania Clothing & Fashion Businesses for SalePennsylvania Clothing & Footwear Retailing Businesses for Sale