Year began: 1980 Franchising since: 1987
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.
|
980 Atlantic Ave., #103
Alameda, CA 94501
Phone: (510)747-1800
Fax: (510)747-1810
| Franchisor is a privately-held company with 105 employee(s); 6 employee(s) in franchise department.
|
Franchise Growth
Where Seeking Franchisees
Nationwide
Exclusive territories available.
Special Programs
Paper Warehouse encourages multiple-store ownership and discounts franchise fees for owners who expand.
Costs & Fees
Total investment: $348K-532K
Franchise fee: $25K
Ongoing royalty fee: 4%
Term of agreement: 10 years, renewable
Renewal fee: 10% of current franchise fee
| Type of Financing Available |
| In-House | Third Party |
| Franchise Fee | No | No |
| Startup Costs | No | No |
| Equipment | No | No |
| Inventory | No | No |
| Accounts Receivable | No | No |
| Payroll | No | No |
Qualifications
Net worth requirement: $500K-1M
Cash liquidity requirement: $150K
Business Experience:- Industry experience
- General business experience
- Marketing skills
- Customer service skills
Operations
- 20% of all franchisees own more than one unit
- Number of employees needed to run franchised unit: 9 - 12
- Absentee ownership of franchise is allowed. (90% of current franchisees are owner/operators)
Training & Support
TRAINING- Available at headquarters: 3-5 days
- At franchisee's location: 1-2 weeks
- At company store: 1-2 weeks
ONGOING SUPPORT- Meetings
- Grand opening
- Field operations/evaluations
- Purchasing cooperatives
MARKETING SUPPORT- Co-op advertising
- Ad slicks
- Regional advertising
- Other marketing support: Radio/TV
Rankings in Entrepreneur magazine 2004-2008
Franchise 500® rank:#268 (2007); #323 (2006); #427 (2005);
Last Updated: 4/11/2006 12:00:00 AM
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