What is the required action for a Beehive Homes franchisee to receive consent for a franchise transfer?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
YOU may not transfer YOUR franchise without OUR prior written consent. If WE consent to a transfer of the franchise by YOU, a fee of $2,500.00 for certain Permitted Transfers or $15,000.00 for certain approved transfers must be paid, by either YOU or the approved transferee to reimburse US for OUR reasonable legal, accounting, credit or other investigation expenses. This transfer fee is nonrefundable and is payable at the time of the approved transfer. If WE arrange the transferee for YOU, YOU must pay US a nonrefundable commission equal to six percent (6%) of the gross transfer price, in addition to the transfer fee. For certain Unauthorized Transfers, YOU will pay US a transfer fee equal to 10 times the amount of Franchise Fees paid for the highest 12 of the 18 months preceding the transfer.
NOTE: These fees are uniformly imposed on all franchisees.
Source: Item 6 — OTHER FEES (FDD pages 11–13)
What This Means (2025 FDD)
According to Beehive Homes's 2025 Franchise Disclosure Document, a franchisee must first obtain prior written consent from Beehive Homes before transferring their franchise. If Beehive Homes consents to the transfer, the franchisee or the approved transferee must pay a transfer fee. The transfer fee is $2,500 for certain permitted transfers or $15,000 for certain approved transfers. This fee reimburses Beehive Homes for reasonable legal, accounting, credit, or other investigation expenses. The transfer fee is nonrefundable and must be paid at the time of the approved transfer.
Additionally, if Beehive Homes arranges the transferee for the franchisee, the franchisee must pay Beehive Homes a nonrefundable commission equal to six percent (6%) of the gross transfer price, in addition to the transfer fee. For certain unauthorized transfers, the franchisee will pay Beehive Homes a transfer fee equal to 10 times the amount of franchise fees paid for the highest 12 of the 18 months preceding the transfer.
These fees are uniformly imposed on all Beehive Homes franchisees. The FDD outlines these transfer-related fees in Item 6, providing transparency regarding the costs associated with transferring a Beehive Homes franchise.