What report must a Beehive Homes franchisee provide to the franchisor each month?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
. REPORTS AND RECORDS
9.1. Reporting. Franchisee shall adopt and use such accounting and record keeping procedures as may be required by Franchisor for the reasonable conduct of its business. In addition, Franchisee agrees to deliver to Franchisor monthly profit and loss statements and such other information as may be requested from time to time by Franchisor, within ten (10) days after the end of each calendar month. In addition, Franchisee agrees to deliver to Franchisor copies of all of Franchisee's tax returns within ten (10) days after filing such returns with federal or state taxing authorities.
- 9.2. Data Management Software. Franchisee covenants to fully implement and use any third party data management software (the "Software") specified by Franchisor. Currently, the Blue Step Software is the specified Software. Franchisee will not be required to pay any up-front cost for the Software, but will be required to pay all costs of use of the Software, including licensing, training and utilization of employees, and shall maintain suitable internet access and provide Franchisor with continuous online access to the Franchisee's Software database. In addition, Franchisee shall use exclusively any call system specified by Franchisor.
- 9.3. Inspections and Audits. The accounts, books, records and tax returns of the Franchisee shall be open for inspection, examination and audit by Franchisor and its authorized representatives at all times.
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. This report must detail the financial activities of the Beehive Homes location for the preceding calendar month. Specifically, the report should include gross revenues, all monies received or accrued, all sales or other services performed, and any other financial information that Beehive Homes may reasonably require.
This report is due on or before the 10th day of each calendar month. Payment of the franchise royalty is due at the same time the Monthly Revenues Report is submitted. Failure to submit the report on time will result in a late fee of $100 for each late report.
Beehive Homes also requires franchisees to adopt and use accounting and record-keeping procedures as mandated by the franchisor. Additionally, franchisees must provide copies of all tax returns to Beehive Homes within ten days of filing them with federal or state taxing authorities. Franchisees are also obligated to implement and use any third-party data management software specified by Beehive Homes, and provide continuous online access to their software database.