What is the definition of 'Managing Owner' for a Bee Organized franchise?
Bee_Organized Franchise · 2025 FDDAnswer from 2025 FDD Document
"Managers" means the Managing Owners plus all assistant managers of the Franchised Business and all other employees, independent contractors, consultants, directors and board members who may possess access to the Confidential Information.
"Managing Owner" means, if Franchisee is a partnership or corporation, the owner responsible for the day-to-day oversight, management and operation of the Franchised Business.
Said individual must possess and maintain an ownership and/or equity interest in the Franchise such that said individual owns, holds and controls no less than 25% of the equity and ownership interests in the Franchisee.
The Managing Owner, at all times, must participate (on a full time basis) in the day-to-day operations of the Franchised Business.
Source: Item 23 — RECEIPTS (FDD pages 54–218)
What This Means (2025 FDD)
According to the 2025 Bee Organized Franchise Disclosure Document, a 'Managing Owner' is defined specifically when the franchisee is a partnership or corporation. In such cases, the Managing Owner is the individual responsible for the daily oversight, management, and operation of the Bee Organized franchised business.
This individual must maintain a minimum equity and/or ownership interest of 25% in the franchise. This requirement ensures that the Managing Owner has a significant stake in the success of the business and is motivated to manage it effectively.
Furthermore, the Managing Owner is required to participate full-time in the day-to-day operations of the Bee Organized business. This hands-on approach ensures that the Managing Owner is actively involved in the business and can effectively manage its activities. This definition ensures that Bee Organized has a point of contact who is invested and involved in the business.