Party Land Franchise
Sunday, January 31, 2010 at 03:45PM Party supplies
The original Party Land store opened in Philadelphia in 1986. By 1993, the company had 15 franchises in and around Philadelphia. Today there are U.S., Canadian and international Party Land locations.
The Party Land Franchise provides a proven business format that's been in use for over 23 years in communities all around the globe. Our Franchise Development Program provides you with access to Party Land's proven methods and business systems. We get you started right away with everything that you need to succeed. Party Land provides expert product selection guidance, pricing, merchandising, professionally designed advertising materials and complete training/preparation and ongoing support and guidance that quickly makes even the most novice owner/operator into a successful businessperson and recognized party professional. Party Land, Inc. is the worldwide leader in this category and when you join our family of Franchise Owners we provide you with what you need to know to quickly and easily enter this fun and profitable part of the business world in your own Party Land franchise.
Start-up Costs & Franchises Fees
What is the total cost to open a Party Land Franchises?
Total Cost: $299,000 USD
Total Franchise Fees: $35,000 USD
Ongoing Royalty Fees: 5%
Ongoing Advertising Fees:
Term of Agreement: 10 years
Franchise Agreement Renewal Fee: $1K
Contact Information for Party Land
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Party Land Inc. |
Phone Number: (610)941-6200 |
Party Land In the Press
No results at this time.Historical Expansion
In what year did Party Land begin operations? 1986
When did Party Land begin selling franchises? 1988
Year United States Canada International Corporate 2005 44 3 565 0 2004 49 4 563 0 2003 42 5 563 0 2002 49 5 563 0 2001 57 5 158 0
Future Expansion
Countries of Interest:
Franchise Financing Information
Cost In House Financing Available? 3rd Party Financing Available? Franchise Fee No No Initial Start-up Capital No No Plant, Property, and Equipment No No Inventory No No Accounts Receivable No No Payroll No No
Training & Support
Support
In the Pressletter, Meetings, Toll free phone number, Grand opening support, Internet referrals, Safety and Security procedures, Field support and site evaluation, Purchasing cooperatives
Marketing
Cooperative advertising, Ad slicks, National media, Regional advertising support
Franchise Operation Restrictions
International franchise business owners required to buy multiple units/master licenses; 10% of all franchise business owners own more than one franchise location.Number of employees needed to run franchised unit: 4 - 12
Absentee ownership of franchise is allowed. (90% of current franchise business owners are owner/operators)
Qualifications & Business Experience
Business Experience:
General business experience
Jason Rager's Inside Information
Can you buy this franchise for no money down? YesPlease note: You must use my system to receive these benefits and so much more. Click here.
What key terms in the franchise agreement can be negotiated? Cross-default provisions, arbitration clause, personal guarantee, default cure periods, non-compete agreement, favorable valuations for corporate buyout
Can you negotiate lower royalties during start-up? Yes
Can you purchase multiple franchises for a discounted franchise fee? Yes
Can you receive lower advertising fees? Yes
Will I know when the franchise break even? Yes
Will my personal assets including my home be safe in case my franchise business fails? Yes