Magnolia Soap logo

Magnolia Soap Franchise

Audited Financials
Beauty & Personal CareEst. 2018New Albany, MS
www.magnoliasoapandbath.com

Risk Score

Pending analysis

Investment Range

$271,900 - $498,500

Total US Locations

50

Business Summary

Magnolia Soap and Bath Co. operates a retail business that sells high-quality personal care products. These products include a variety of plant-based, hand-crafted soaps (bar, liquid, shaving), face and body scrubs, moisturizers, toners, balms, oils, bath and shower products (scrubs, bombs, shampoos, conditioners, and accessories), and pet soaps and perfumes. Businesses operate from a single, physical location within a protected territory, adhering to the brand's distinctive operating procedures and standards.

Corporate History

Magnolia Soap and Bath Co. FRCH, LLC was established in Mississippi on March 12, 2021, and started offering franchises shortly after on March 29, 2021. The brand's parent company, Magnolia Soap & Bath Holding Co., LLC, was formed earlier in July 2018 and holds the trademarks for the system. Magnolia Soap and Bath Co. outlets, similar to the franchised model, have been operated by affiliates since July 2018. Additionally, the parent company offered process licenses from 2019 to 2021, with one such license still in operation.

Financial Overview

Investment Range

$271,900 - $498,500

Franchise Fee (High)

$60,000

Royalty %

7%

Marketing %

2%

Equipment Costs (Low)

$65,000

Equipment Costs (High)

$195,000

Working Capital

$21,500

Audited Financials

Yes

Offers Financing

No

Audit Opinion

Unqualified opinion

Financial Health Notes

Magnolia Soap and Bath Co. has reported varying financial results in recent years. In 2024, the company recorded a net loss of $270,835 and had negative working capital, meaning its current liabilities exceeded its current assets. This contrasts with 2023, which also showed a net loss of $48,484 but had positive working capital, and 2022, which had a net income of $158,290 and positive working capital. A significant aspect of Magnolia Soap and Bath Co.'s financial structure is its relationship with its parent company, Magnolia Soap & Bath Holding Co., LLC, which heavily influences its operations. The company has a substantial net receivable from its Holding Co., totaling $1,659,608 as of December 31, 2024. The financial statements also note that its transactions with the parent company may not reflect what would exist if it operated independently. The independent auditor provided an unqualified opinion on the financial statements for all three years, indicating they are presented fairly in all material respects.

Financing Details

Magnolia Soap and Bath Co. does not offer any direct or indirect financing to its franchisees. This means that Magnolia Soap and Bath Co. will not provide loans or guarantee any financial obligations, such as notes or leases, on behalf of franchisees. However, if a franchisee secures financing with the assistance of the United States Small Business Administration (SBA Financing), Magnolia Soap and Bath Co. will agree to subordinate its interest in collateral to that of the SBA lender, which can be helpful for franchisees obtaining such loans.

Performance Metrics

Total US Locations

50

Franchised Units

40

Corporate Units

10

Avg Square Footage

1,500

Franchising Since

2021

Agreement Terms

Initial Term

10 years

Renewal Term

10 years

Renewal Conditions

To renew their franchise agreement, Magnolia Soap and Bath Co. franchisees must meet several conditions. They need to be in full compliance with their current agreement, have committed no more than three events of default during the term, and provide written notice to Magnolia Soap and Bath Co. at least six months before the current term expires. Franchisees will also need to sign a new successor franchise agreement, which may have materially different terms and conditions from their original agreement, and pay a renewal fee. They must continue to maintain their location, trade dress, and other operational standards, execute a general legal release, and comply with all then-current qualifications and training requirements, including completing any additional training.

Training & Support Program

Franchisor Assistance

Magnolia Soap and Bath Co. provides extensive assistance to its franchisees both before and after opening. Pre-opening support includes guiding site selection and approval, providing specifications for store layout and design, and lending operations manuals. Franchisees receive initial training, conducted remotely and at the franchisor's headquarters or an affiliate-owned outlet, for up to two individuals. There is also an optional, paid on-site training and supervision for up to three days upon opening. After opening, Magnolia Soap and Bath Co. offers mandatory or optional additional training programs (up to 12 days per year) and annual conferences (up to five days per year) for which fees and expenses apply. Franchisees can request remedial on-site training for a daily fee plus expenses, and receive individualized assistance via phone, video conferencing, or email within reasonable limits. The franchisor also provides samples or digital artwork for advertising and promotional materials, conducts inspections of the franchised business, and gives written specifications for required equipment, products, and services, along with updated lists of approved suppliers. Magnolia Soap and Bath Co. may also recommend minimum and maximum prices for products and services and must approve all franchisee advertising and promotional materials.

Initial Training Hours

65

Training Location

Remote and New Albany, Mississippi

Ongoing Support

After opening, Magnolia Soap and Bath Co. provides ongoing support through various programs. This includes offering mandatory or optional additional training programs for up to 12 days per year, and an annual meeting or conference for up to five days per year. Franchisees are responsible for associated fees and expenses for these. Upon request, Magnolia Soap and Bath Co. can provide remedial on-site training and assistance at the franchisee's premises for a daily fee plus travel expenses. Individualized consultation and assistance are also available within reasonable limits by telephone, video conferencing, or email. The franchisor also provides samples or digital artwork for advertising and promotional materials, conducts inspections of the franchised business, and gives written specifications for required equipment, products, and services, along with updated lists of approved suppliers. Magnolia Soap and Bath Co. may also recommend minimum and maximum prices for products and services and must approve all franchisee advertising and promotional materials.

Franchise Requirements

Industry Experience Required

No

Management Experience Required

Yes

Sales Experience Required

No

Technical Skills Required

No

Operational Details

Location Type

retail

Owner Participation

Supervisory

Territory Type

Non-Exclusive

Territory Size Requirements

Magnolia Soap and Bath Co. territories are defined on an individual basis, typically encompassing a specific town, city, or county, identified by a map or a list of contiguous zip codes. The territory size considers factors such as minimum household numbers, average home prices, and household incomes. Specifically, a System Territory will generally have a minimum population of 50,000 individuals. Alternatively, if fewer than 50,000 individuals reside within five miles of the franchised business location, the territory will be defined by a five-mile radius.

Staffing Notes

Magnolia Soap and Bath Co. requires that the franchised business is either personally supervised and managed day-to-day by the franchisee, or by a qualified general manager. If a general manager is hired, they must receive prior approval from Magnolia Soap and Bath Co., successfully complete the initial training program and all other required training courses, and dedicate their full time to the role without any conflicts of interest with competitors. While general managers are not required to have an equity interest if the franchisee is a business entity, they must still meet the franchisor's approval standards. All managers and other personnel who will have access to Magnolia Soap and Bath Co.'s proprietary and confidential information and training must sign a Confidentiality and Non-Compete Agreement. Magnolia Soap and Bath Co. provides standards for employee qualifications and training but does not assist with employee hiring.