What is the next step in getting my Buff City Soap business started?
After submitting your initial inquiry (pending you meet the minimum requirements), we'll reach out personally to schedule a quick call or send you our Request for Consideration which helps give us some more detailed information to be evaluated in moving forward in the process to becoming a BCS franchisee.
What are the financial requirements associated with this franchise opportunity?
The minimum financial requirements to be evaluated as BCS franchisee are a net worth of $300,000 and liquid assets equivalent to $100,000 for a single unit. For multi-unit development a net worth of $500,000 and liquid assets equivalent to $200,000 are required for consideration.
What is franchising? How does it work?
Franchising is a way for a business to expand beyond its original owners. The power of franchising is realized through the combination of the contributions from the two participants.The most common form of franchising is a business-format franchise, where the franchisor contributes certain elements including the brand/trademark for the concept, the business system (commonly called the operating system), and initial and ongoing support. The franchisee contribution involves the management skills to run the business day-to-day using the franchisor-provided brand and system, and capital to fund the opening and continued operations of the business. In addition, the franchisee brings a level of desire and interest in having the business succeed that is essential to franchising and is something the franchisor can't replicate on its own.Your desire to succeed plays a huge role in your ongoing success. Franchisees pay initial franchise fees and then ongoing royalties for access to the format the franchisor has developed and for ongoing enhancements to the system. It's truly an attractive situation for both parties.There is a contract called the Franchise Agreement signed by both parties that governs the relationship between the franchisor and franchisee and explains in detail the responsibilities of both sides. The franchisor is required to provide a copy of the Franchise Agreement and this contract will provide a roadmap for the duration of time the agreement is effective.
What qualifications does Buff City Soap seek in its potential franchisees?
There are certain qualities and qualifications that are essential to becoming a Buff City Soap franchisee, however, we strive to evaluate each individual/group on a case by case basis. Here are some of the things we look for:A self-starter with an entrepreneurial spirit and strong desire to succeedA willingness to devote your time and resources into the day-to-day operation of a BCS locationThe ability to manage business functions such as finance, human resources, -operations, etc.The ability to motivate, train, and encourage people to live out the culture of the BCS familyThe willingness to complete a comprehensive training and evaluation program to become an expert in all aspects of owning your own Soap MakeryFinancial strength to fulfill capital requirements and financial qualifications
What is the availability of sites in my area?
The availability of franchises in specific areas will be discussed during your initial screening. However, Buff City Soap cannot predict which locations will be available when your inquiry and qualification process is completed.The map located on this page is only reflective of our existing locations that are currently open for business, and does not reflect areas in the process of, or pending development.
What is the term of the franchise agreement?
The initial length of the franchise term is 10 years.
Will I receive assistance in finding a location for my Buff City Soap?
While it is ultimately the responsibility of our Franchisee's to locate and secure an acceptable location, our development team will provide guidance and assistance in the site selection process.All sites must be approved by our internal development committee.
Do I receive training from Buff City Soap?
Yes!We’ve spent years in our labs concocting all of our different products before we finally got to the right mix. That is also how we’ve grown Buff City Soap as a business, and over the years we’ve spent developing our business, we’ve tested and tinkered and changed and continuously developed our processes until we got to a point where we were ready to share it with the world.Buff City Soap’s Franchise Support Team will be there every step of the way to offer guidance, training, and support as you bring your franchise to life.
Can I open more than one store?
Yes! We encourage those franchisees who are qualified with special skills/systems or proven multi-unit franchise experience to pen multiple locations.Based on your application and financial information, you may be eligible to purchase more than one Buff City Soap franchise up front.