What information must be included in the Monthly Revenues Report for Beehive Homes?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
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 whic
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 a Monthly Revenues Report to the franchisor. This report must detail the financial activities of the Beehive Homes location for the preceding calendar month. Specifically, the report must include Gross Revenues, encompassing all monies received or accrued, and a record of all sales or other services performed. Additionally, Beehive Homes may reasonably request other information concerning the franchisee's financial affairs to be included in this report.
This Monthly Revenues Report is due on or before the 10th day of each calendar month. Franchisees must also pay their Franchise Royalty at the same time they submit the Monthly Revenues Report. Failure to submit the report by the due date results in a late charge of $100 for each late report.
In addition to the late fee for the report, Beehive Homes assesses a late charge for overdue Franchise Royalty payments. This charge is the lesser of ten percent (10%) of the Franchise Royalty due or the maximum late charge allowed under the laws of the state where the Beehive Homes location is situated. This ensures compliance with local regulations regarding late payment penalties.
These requirements ensure that Beehive Homes has a clear and consistent view of each franchisee's financial performance, allowing for accurate royalty collection and better support for the franchise network. Franchisees should maintain meticulous records and adhere to the reporting deadlines to avoid incurring late fees and potential compliance issues.