What information must be included in the 'Authorized Transfer Request' for a Beehive Homes franchise?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
Authorized Transfer. Franchisee or its Equity Owner(s) proposing the Transfer shall deliver to Franchisor a written notice (the "Authorized Transfer Request") which identifies, among other things the identity of the proposed transferee and the terms and conditions of the proposed transfer and shall provide all other information reasonably requested by the Franchisor. The Franchisor shall give its written consent or notification of withholding its consent to Franchisee and its Equity Owner(s) within thirty (30) days after compliance or other assurance satisfactoryto Franchisor of compliance with the following conditions:
- (a) Franchisee or its Equity Owner(s) proposing the Transfer shall pay to Franchisor, with the Authorized Transfer Request, a nonrefundable transfer fee in the amount of Fifteen Thousand Dollars ($15,000.00), to reimburse Franchisor for its reasonable legal, accounting, credit, and investigation expenses incurred in connection with
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, a franchisee or equity owner proposing a transfer must provide a written notice called an "Authorized Transfer Request" to Beehive Homes. This request must identify the proposed transferee, outline the terms and conditions of the proposed transfer, and include any other information reasonably requested by Beehive Homes.
In addition to providing the required information in the Authorized Transfer Request, the franchisee or equity owner must also pay a nonrefundable transfer fee of $15,000 to Beehive Homes at the time of submitting the request. This fee is intended to reimburse Beehive Homes for expenses related to the proposed transfer, such as legal, accounting, credit, and investigation costs.
Beehive Homes will then review the request and provide written consent or notification of withholding consent within 30 days of compliance with all conditions. These conditions include, but are not limited to, settling outstanding payments and obligations, meeting the requirements for new franchisees, and executing the current form of a new franchise agreement.