How many Beehive Homes locations closed in 2023 across all states?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
0 | 201 | | Year | Homes at start of year | Homes opened | Homes reacquired from franchisees | Homes closed | Homes sold to franchisees | Homes at end of year | |---|---|---|---|---|---|---| | 2021 | 0 | 0 | 0 | 0 | 0 | 0 | | 2022 | 0 | 0 | 0 | 0 | 0 | 0 | | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | | State | Franchise Agreement signed but Home not opened | Projected new franchised Homes in the next fiscal year | Projected new Company owned Homes in the next fiscal year | |---|---|---|---| | GA | 2 | 1 | 0 | | KY | 1 | 1 | 0 | | MO | 1 | 0 | 0 | | MS | 2 | 1 | 0 | | NJ | 1 | 0 | 0 | | OH | 2 | 1 | 0 | | OK | 1 | 1 | 0 | | TX | 3 | 1 | 0 | | Total | 13 | 6 | 0 | Table No.
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 28–33)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, a total of 5 homes closed in 2023 across all states. This information is detailed in Item 20, which provides an overview of outlets and franchisee information. The table summarizes the status of franchised homes for the years 2022, 2023, and 2024, offering a clear view of the changes in the number of homes.
Specifically, the table shows that Beehive Homes started 2023 with 201 franchised homes and ended the year with 199 franchised homes. This indicates a net decrease of 2 homes. However, the table also explicitly states that 5 homes closed during 2023. The discrepancy between the net change and the number of closures suggests that there were also new homes opened or other adjustments made during the year that offset some of the closures.
For a prospective franchisee, this information highlights the importance of understanding the factors that can lead to home closures, such as financial difficulties, operational challenges, or failure to meet brand standards. It also underscores the need to conduct thorough due diligence and seek support from the franchisor to mitigate these risks. Reviewing the list of former franchisees in Exhibit B-2, as mentioned in Item 20, may provide additional insights into the reasons for past closures and potential challenges within the Beehive Homes system.
It is also important to note that Beehive Homes provides a list of current and former franchisees, but some franchisees may have signed confidentiality provisions restricting their ability to speak openly about their experiences. This means that prospective franchisees may not get a complete picture of the challenges and opportunities within the Beehive Homes system from these conversations alone.