What information must be included in the Monthly Revenues Report for a Beehive Homes franchise?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
f the Gross Revenues. The Franchise Royalty shall be paid monthly on or before the 10th day of each calendar month based upon the Gross Revenues of the preceding calendar month. The Franchise Royalty will commence on the earlier of (i) the first day of the first full calendar month following the date on which the Home reaches a 50% occupancy; or (ii) the first day of the sixth full calendar month following the date of opening of the Home. For purposes of determining the Franchise Royalty, "Gross Revenues" is defined to be the gross receipts of every kind and nature whatsoever received by Franchisee directly or indirectly in connection with the operation of the franchised business, the Home and/or providing of services, excepting only the amount of sales or use taxes levied upon the sale of goods or services by a governmental taxing authority and actually paid to said taxing authority.
- 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.
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 on or before the 10th day of each calendar month. This report must detail the financial activities of the Beehive Homes location for the preceding month.
The Monthly Revenues Report must include Gross Revenues, which are defined as all gross receipts of any kind received by the franchisee, either directly or indirectly, related to the operation of the franchised business, the Home, and the services provided. The only exception to this is the amount of sales or use taxes levied by a governmental taxing authority and actually paid to that authority.
In addition to Gross Revenues, the report must also show all monies received or accrued and all sales or other services performed. Furthermore, Beehive Homes may reasonably require the franchisee to include other information concerning the financial affairs of the franchisee in this report. If a franchisee fails to submit the Monthly Revenues Report by the due date, a late charge of $100 will be assessed for each report that is not filed on time.