Jannace Enterprises began in 1980 operating under the name of Rangeley Foodland. In 1983 Jannace's Clothing store was added. Both business's were lost to fire in 1994. The lot was sold to the Rangeley Youth Theater and Nancy's Gifts was built on the lot where the Lakeside movie theater was. Nancy's Gifts opened for business on May 22nd 1995, and in January of 1997 embroidery was added. This has been a family run business from the beginning. Started by Anthony and Nancy Jannace and continued today by Jim and Deanna Jannace.