How many Beehive Homes locations closed during the year 2023?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 3 | 0 | 0 | 0 | 0 | 0 | 3 | |
|---|---|---|---|---|---|---|---|---|
| 2024 | 3 | 1 | 0 | 0 | 0 | 0 | 4 | |
| TN | 2022 | 1 | 1 | 0 | 0 | 0 | 0 | 2 |
| 2023 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| 2024 | 2 | 0 | 0 | 0 | 0 | 0 | 2 | |
| TX | 2022 | 19 | 2 | 0 | 0 | 0 | 0 | 21 |
| 2023 | 21 | 1 | 2 | 0 | 0 | 0 | 20 | |
| 2024 | 20 | 0 | 0 | 0 | 0 | 0 | 20 | |
| UT | 2022 | 44 | 0 | 0 | 0 | 0 | 4 | 40 |
| 2023 | 40 | 0 | 0 | 0 | 0 | 0 | 40 | |
| 2024 | 40 | 0 | 0 | 0 | 0 | 0 | 40 | |
| WI | 2022 | 5 | 0 | 0 | 0 | 0 | 0 | 5 |
| 2023 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| 2024 | 5 | 0 | 0 | 0 | 0 | 0 | 5 | |
| Total | 2022 | 198 | 9 | 0 | 0 | 0 | 6 | 201 |
| 2023 | 201 | 3 | 5 | 0 | 0 | 0 | 199 | |
| 2024 | 199 | 5 | 3 | 0 | 0 | 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 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 28–33)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, there were 5 franchised locations closed during 2023. The data is part of a table summarizing the status of franchised homes for the years 2022, 2023, and 2024. The table provides a system-wide summary of Beehive Homes.
Specifically, the table shows that Beehive Homes had 201 locations at the start of 2023, opened 3 homes, reacquired 5 homes from franchisees, closed 5 homes, sold 0 homes to franchisees, and ended the year with 199 homes. This indicates a net decrease of 2 homes during the year.
Prospective franchisees should pay close attention to these figures as they provide insight into the stability and turnover of Beehive Homes locations. A high number of closures could indicate underlying issues with the franchise system, while a low number suggests a more stable and successful business model. It's also important to consider the reasons for closures, which could range from poor performance to franchisees retiring or selling their businesses.