Are the Beehive Homes financial statements presented on a calendar year basis?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Franchise Disclosure Document as Exhibit C are the Bee Hive Homes, Inc. audited financial statements for the years ended December 31, 2024, 2023 and 2022
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 34)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, the company's financial statements are indeed presented on a calendar year basis. The audited financial statements included in the FDD cover the years ending December 31, 2024, 2023, and 2022. This means that the financial performance of Beehive Homes is reported annually, with each fiscal year concluding on December 31.
For a prospective franchisee, this is a standard and transparent practice. Calendar year reporting allows for easy comparison of financial performance across different years and aligns with common business practices. Franchisees can review these statements to understand the financial health and historical performance of Beehive Homes as a company.
Furthermore, Item 19 of the FDD indicates that the revenue figures reported by franchisees are also based on calendar years 2022 and 2023. This consistency in reporting periods provides a clear and uniform basis for evaluating financial performance, both at the franchisor level and at the individual franchise level. This alignment simplifies financial analysis and forecasting for potential franchisees.