What financial reports must a Beehive Homes franchisee deliver to the franchisor monthly?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
. REPORTS AND RECORDS
9.1. Reporting. Franchisee shall adopt and use such accounting and record keeping procedures as may be required by Franchisor for the reasonable conduct of its business. In addition, Franchisee agrees to deliver to Franchisor monthly profit and loss statements and such other information as may be requested from time to time by Franchisor, within ten (10) days after the end of each calendar month. In addition, Franchisee agrees to deliver to Franchisor copies of all of Franchisee's tax returns within ten (10) days after filing such returns with federal or state taxing authorities.
- 9.2. Data Management Software. Franchisee covenants to fully implement and use any third party data management software (the "Software") specified by Franchisor. Currently, the Blue Step Software is the specified Software. Franchisee will not be required to pay any up-front cost for the Software, but will be required to pay all costs of use of the Software, including licensing, training and utilization of employees, and shall maintain suitable internet access and provide Franchisor with continuous online access to the Franchisee's Software database. In addition, Franchisee shall use exclusively any call system specified by Franchisor.
- 9.3. Inspections and Audits. The accounts, books, records and tax returns of the Franchisee shall be open for inspection, examination and audit by Franchisor and its authorized representatives at all times.
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 specific financial reports to the franchisor on a monthly basis. Specifically, a franchisee must deliver monthly profit and loss statements to Beehive Homes within ten days after the close of each calendar month.
In addition to the profit and loss statements, franchisees must also provide any other information that Beehive Homes may request from time to time. This allows the franchisor to monitor the financial health and performance of each franchised location and to ensure compliance with the franchise agreement. Franchisees are also obligated to provide copies of all tax returns to Beehive Homes within ten days of filing them with federal or state taxing authorities.
Furthermore, franchisees must submit a Monthly Revenues Report to Beehive Homes on or before the 10th day of each calendar month, detailing the financial activity of the Home for the preceding month. This report should include Gross Revenues, all monies received or accrued, all sales or other services performed, and any other financial information Beehive Homes reasonably requires. Failure to submit the Monthly Revenues Report on time results in a late charge of $100 for each late report. The Franchise Royalty is due on the same date as the Monthly Revenues Report.