What was the net change in the number of franchised Beehive Homes locations during 2023?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
| Home Type | Year | Homes at the start of the year | Homes at the end of the year | Net Change |
|---|---|---|---|---|
| Franchised | 2022 | 198 | 201 | 3 |
| “ | 2023 | 201 | 199 | < 2 > |
| “ | 2024 | 199 | 201 | 2 |
| Company Owned | 2022 | 0 | 0 | 0 |
| “ | 2023 | 0 | 0 | 0 |
| “ | 2024 | 0 | 0 | 0 |
| Total Homes | 2022 | 198 | 201 | 3 |
| “ | 2023 | 201 | 199 | < 2 > |
| “ | 2024 | 199 | 201 | 2 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 28–33)
What This Means (2025 FDD)
According to Beehive Homes's 2025 Franchise Disclosure Document, the net change in the number of franchised Beehive Homes locations during 2023 was a decrease of 2 homes. At the start of 2023, there were 201 franchised homes, and by the end of the year, the number had decreased to 199. This indicates that more Beehive Homes locations closed or were reacquired by the company than new franchises opened during that year.
For a prospective franchisee, this information is crucial for assessing the stability and growth of the Beehive Homes franchise system. A decrease in the number of franchised locations could signal potential challenges within the system, such as difficulties in maintaining profitability or franchisee satisfaction. It is important to note that while the total number of homes decreased, this does not necessarily mean the Beehive Homes system is failing. It is common for franchise systems to experience fluctuations in the number of locations due to various factors, including market conditions and franchisee performance.
A prospective franchisee should investigate further to understand the reasons behind the net decrease in franchised locations during 2023. This could involve speaking with current and former franchisees to gather insights into their experiences and challenges. Additionally, it would be beneficial to analyze the performance of individual Beehive Homes locations and identify any common factors contributing to closures or re acquisitions. Understanding the underlying causes of the decrease in franchised locations will help a prospective franchisee make a more informed decision about investing in the Beehive Homes franchise system.
It's also important to consider the overall trend in the number of franchised locations over multiple years. While 2023 saw a decrease, the numbers for 2022 and 2024 show increases. This broader perspective can provide a more balanced view of the franchise's growth trajectory and potential for future success. A prospective franchisee should also inquire about Beehive Homes's plans to address any challenges that may have contributed to the decrease in franchised locations during 2023 and their strategies for future growth.