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Home > Franchises > Party America Franchising Inc.
Party America Franchising Inc.
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.
In 2003, Party America acquired the bankrupt Paper Warehouse, a party supply and paper products franchise chain. This brought Party America into the franchise business, as the company coverted Paper Warehouse stores to the Party America name and began offering the Party America franchise opportunity. Party America stores provide party products for everyday, seasonal and celebratory occasions.
With their established name, national presence, six consecutive years of record profits, and a formula that edges out the competition, this may be the franchising opportunity you are looking for. They offer a support system modeled after their own highly successful formula. This includes their focus on customer service, fun stores with quality merchandising, and advanced IT systems. They also offer you the tools, skills, strategies and real estate location insights to help you build a successful retail business.
They have a total investment of 348 to 532 thousand dollars, franchise fee of 25 thousand dollars, ongoing royalty fee of 4 percent, term of agreement of 10 years, which is renewable, with a renewal fee of 10 percent of current franchise fee. Their rankings of the franchise 500 are 323 in 2006, 427 in 2005, 486 in 2003 and 261 in 2002 according to Entrepreneur magazine 2002-2006.
Their company has one goal which is to deliver a wide selection of party goods at a great value coupled with providing great party ideas to the consumer. They have knowledgeable and friendly people in each of their stores. They try and make Party America a fun place to work, ensuring the consumer will find their stores a fun place to shop. They know they will be judged everyday by every shopper who visits them. The market demands quality and they strive to give their customers what they demand.
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