When is the Monthly Revenues Report due for a Beehive Homes franchise?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
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- (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."
- (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.
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, including gross revenues, all monies received or accrued, services performed, and any other financial information reasonably required by Beehive Homes.
The Monthly Revenues Report serves as the basis for calculating the franchise royalty fee, which is also due on the 10th day of each month, concurrent with the report's submission. This arrangement ensures that Beehive Homes receives timely financial updates from its franchisees, allowing for accurate royalty calculations and efficient financial management across the franchise system.
Failure to submit the Monthly Revenues Report on time will result in a late charge of $100 for each report not filed by the due date. Additionally, if the franchise royalty payment is late, Beehive Homes will assess a one-time late charge equal to the lesser of ten percent (10%) of the royalty due or the maximum late charge permitted under the laws of the state where the Beehive Homes location is situated. These penalties underscore the importance of adhering to the reporting and payment deadlines established by Beehive Homes.