York County Party & Gift Retail Party Supply Store For Sale

Business description

Party and Gift Company, formerly known as "The Paper Company" was founded in 1984. It initially offered paper products including stationary, tableware and invitations. Due to the growing popularity of party supplies, the store evolved concerning the inventory that was offered which in turn provided continued growth over the years. Ownership remained in the same family until 2006, at which time one of the current owners, who had been a long time employee, and other members of her family purchased the store and changed the name to Party and Gift Company, Inc. Party and Gift Company is a specialty retail store that offers greeting cards, balloons, tableware, gift-wrap, party supplies and custom printing. They carry a vast array of themed party supplies including everything from a children’s birthday party pirate theme…..to a 50th wedding anniversary…..to a Hawaiian luau….to a Mexican fiesta. There is a full line of wedding supplies and invitations as well as a wonderful selection of gifts for the bridal party. Party and Gift Company stocks a wide variety of gift items including candles, figurines, country décor, sports themed items and specialty children’s gifts. Inventory also includes bulk supplies such as plasticware, styrofoam, gift boxes, paper placemats, paper plates and cups, and more…..The store was recently approved as the exclusive York, PA “Card$Smart” licensee in May, 2011.

Property information

Real Estate:

Lease

Leasehold rent:

$5,053 per annum

Location:

Party and Gifts Company is located near the 5th busiest “non-Route 30” intersection in York County. It shares space in a strip shopping plaza with other businesses such as Ollies, Adams Jewelers and Big Apple Bagels. The business recently moved next door to a storefront with modernized amenities. The new space is 5,161 sq. ft., and has high efficiency lighting throughout, new carpeting and vinyl tile, new entrance vestibule, doors and windows, new counters, phone system and card fixtures. New signage will be coming in the near future. A new 5 year lease was negotiated, and the current lease amount is $5,053 monthly and includes CAM.

Business Operation

Expansion potential:

This is an outstanding opportunity to take a very well established specialty retail business and add your own personal touch such as event/party planning services, additional gift lines, etc.

Reasons for selling:

The owners are very involved in their other businesses.

Trading hours:

Monday - Friday: 10:00am to 8:00pm Saturday: 9:00am to 6:00pm Sunday: 11:00am to 4:00pm

Employees:

2 Full Time / 4 Part Time

Years established:

1984

Other information

Financing available:

The Seller is not offering to finance the purchase price. Commercial financing is available with a local bank lender under the SBA small business loan program. MCA will assist a buyer with loan proposal development to secure financing at no fee to the buyer.