What is the timeframe for the Beehive Homes franchisor to respond to a Permitted Transfer Request?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
ed by the Franchisor. The Franchisor shall give its written consent or notification of withholding its consent to Franchisee and its Equity Owner(s) within thirty (30) days after compliance or other assurance satisfactoryto Franchisor of compliance with the following conditions:
- (a) Franchisee or its Equity Owner(s) proposing the Transfer shall pay to Franchisor, with the Authorized Transfer Request, a nonrefundable transfer fee in the amount of Fifteen Thousand Dollars ($15,000.00), to reimburse Franchisor for its reasonable legal, accounting, credit, and investigation expenses incurred in connection with
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, the franchisor has 30 days to respond to an Authorized Transfer Request, not a Permitted Transfer Request. To initiate an Authorized Transfer, the franchisee must provide a written notice (the "Authorized Transfer Request") that includes the identity of the proposed transferee, the terms of the proposed transfer, and any other information reasonably requested by Beehive Homes.
Within 30 days of receiving this request and assurance of compliance with all conditions, Beehive Homes will either provide written consent or notify the franchisee that consent is being withheld. These conditions include paying a nonrefundable transfer fee of $15,000 to cover legal, accounting, credit, and investigation expenses.
It is important to note the distinction between a Permitted Transfer and an Authorized Transfer, as the FDD specifies different procedures and fees for each. The 30-day response timeframe applies specifically to Authorized Transfers after the franchisee has met all the franchisor's conditions. For Permitted Transfer Requests, the FDD does not specify a timeframe for the franchisor's response.