What is the deadline for submitting the Monthly Revenues Report to Beehive Homes each month?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
The Franchise Royalty shall be paid monthly on or before the 10th day of each calendar month based upon the Gross Revenues of the preceding calendar month.
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- (a) On or before the 10th day of each calendar month Franchisee shall provide to Franchisor a report the financial activity of the Home for the immediately preceding calendar month to Franchisor.
The report shall show Gross Revenues, all monies received or accrued, all sales or other services performed, and such other information concerning the financial affairs of Franchisee as Franchisor may reasonably require.
For purposes of this Agreement, such information shall be referred to as the "Monthly Revenues Report."
(b) The Franchise Royalty shall be due and payable on the same date that the corresponding Monthly Revenues Report is due, and shall be paid concurrently with the submission of the corresponding Monthly Revenues Report.
(c) If the Franchisee fails to deliver the required Monthly Revenues Reports to Franchisor on or before the 10th day of each month, a late charge of $100.00 shall be assessed for each Monthly Revenues Report which is not timely filed.
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, franchisees are required to submit a Monthly Revenues Report to Beehive Homes on or before the 10th day of each calendar month. This report must detail the financial activities of the Beehive Homes location for the immediately preceding calendar month. The report should include gross revenues, all monies received or accrued, all sales or other services performed, and any other financial information that Beehive Homes may reasonably require.
The Franchise Royalty payment is due on the same date as the Monthly Revenues Report, meaning it must also be paid by the 10th day of each month. Failure to submit the Monthly Revenues Report on time will result in a late charge of $100 for each report not filed by the deadline.
It is important for prospective Beehive Homes franchisees to understand these reporting and payment deadlines to avoid incurring late fees and to maintain good standing with the franchisor. Consistent and timely reporting is a standard requirement in most franchise systems, allowing the franchisor to accurately calculate royalties and monitor the financial health of each franchise location.