Does the Beehive Homes definition of 'Home' include the land on which the facility is located?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
- 2.10. "Location" means the real property on which the Home is located or is to be located, as approved by Franchisor, and as more specifically identified in Section 3.1 herein.
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, the term "Location" is defined as the real property where the Beehive Homes facility is situated. This includes both the current location or the future location, provided it has been approved by Beehive Homes. Section 3.1 of the franchise agreement provides further details on the location.
This definition is important for prospective franchisees because it clarifies that the franchise agreement covers not just the building itself, but also the land it sits on. This could have implications for property ownership, lease agreements, and other real estate-related matters. The franchisee needs to ensure that the location meets Beehive Homes' approval and complies with the terms outlined in Section 3.1 of the franchise agreement.
Understanding the definition of "Location" helps franchisees to be aware of their responsibilities and rights related to the physical site of their Beehive Homes business. It also highlights the importance of securing franchisor approval for the location to ensure compliance with the franchise agreement.