What is the deadline for a Beehive Homes franchisee to deliver a Permitted Transfer Request to the franchisor?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
Permitted Transfers. Franchisee, and if Franchisee is a corporation or other legal entity, its Equity Owner(s) (or any transferee Equity Owner approved by Franchisor), may engage in Permitted Transfers, as defined in this Section 13.3, only if: (i) all such Permitted Transfers do not in the aggregate result in a change of Control of the Franchisee, an Equity Interest or the Home; (ii) Franchisee or its Equity Owner(s) delivers to Franchisor, at least thirty (30) days prior to the proposed Permitted Transfer, a written notice (the "Permitted Transfer Request") which includes the identity and contact information for all proposed transferees and any other information Franchisor may require in order to review the proposed Permitted Transfer; (iii) Franchisee or its EquityOwner(s) pays to Franchisor a nonrefundable processing fee of Two Thousand Five Hundred Dollars ($2,500.00) with the Permitted Transfer Request; and (iv) Franchisee or its EquityOwner(s) complies with Franchisor's then current procedure for processing Permitted Transfers, including the execution of all documents required by Franchisor, including the then current form of Franchise Agreement in use by the Franchisor, for the assumption by proposed transferees of all duties and
obligations of the transferor relating to this Agreement, the Home and any other agreements between Franchisor and transferor. Permitte
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, a franchisee must submit a written notice, called a "Permitted Transfer Request", to Beehive Homes at least thirty (30) days before the proposed permitted transfer. This request must include the identity and contact information of all proposed transferees, along with any other information Beehive Homes requires to review the proposed transfer.
In addition to providing the Permitted Transfer Request within the specified timeframe, the franchisee must also pay a nonrefundable processing fee of $2,500.00 with the request. The franchisee must also comply with Beehive Homes' current procedure for processing permitted transfers, including the execution of all required documents, such as the current form of Franchise Agreement, to ensure the proposed transferees assume all duties and obligations of the transferor.
It is important to note that these conditions apply to "Permitted Transfers," which are specifically defined as transfers that, in aggregate, do not result in a change of control of the franchisee, an equity interest, or the home. Permitted Transfers include Affiliate Transfers (to immediate family members or other equity owners) and Trust Transfers. Any transfer that does not meet these conditions or comply with the outlined procedures may be considered an unauthorized transfer, potentially leading to additional fees or penalties as detailed elsewhere in the Franchise Agreement.