Where in the Beehive Homes Franchise Agreement can I find the meaning of 'Monthly Revenues Report'?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
2.12. "Monthly Revenues Report" has the meaning set forth in Section 4.4 herein.
4.4.
Determination and Method of Payment of Franchise Royalty.
The calculation and payment of the Franchise Royalty specified in Section 4.3 above shall be made as follows:
- (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.
(d) If the Franchisee fails to pay any Franchise Royalty when due, Franchisee shall be assessed a one-time late charge equal to the lesser of ten percent (10%) of the Franchise Royalty due or, if less, the maximum late charge assessable under the laws of the state in which the Home is located.
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, the definition of 'Monthly Revenues Report' is found in Section 4.4 of the Franchise Agreement. This section details the determination and method of payment of the Franchise Royalty.
Specifically, Section 4.4(a) states that the franchisee must provide Beehive Homes with a report of the Home's financial activity for the preceding calendar month on or before the 10th day of each month. This report must 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. This information is referred to as the 'Monthly Revenues Report.'
The Franchise Royalty is due on the same date as the Monthly Revenues Report, and both must be submitted concurrently. Failure to deliver the report on time results in a late charge of $100.00 for each late report. Additionally, failure to pay any Franchise Royalty when due will result in a one-time late charge equal to the lesser of ten percent (10%) of the Franchise Royalty due or the maximum late charge assessable under the laws of the state in which the Home is located.