Bee Hive Homes Franchise Cost, Revenue & Review 2026
- Investment
- $3.4M – $5.1M
- Disclosed sales
- $843K
- gross sales, not profit
- SBA charge-off
- 2.9%
- on 104 loans
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
Bee Hive Homes is a senior-care franchise operating small, residential-style assisted-living homes. Franchisees own and run a care home managing caregivers, resident care, meals, and activities.
FranchiseVerdict summary · 2026
A Bee Hive Homes franchise requires a total initial investment of $3.4M – $5.1M, including a $75K franchise fee and an ongoing 5.0% royalty[2]. Per the 2025 FDD, average unit revenue was $843K[2]. SBA 7(a) loans show a 2.9% charge-off rate across 104 loans[1]. FranchiseVerdict grade: B (Above average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: medium - issued 12 to 24 months ago; a newer filing is likely on file
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✓ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored6 of 6 headline figures on this page cite a page of the filing.
Overview
- Investment
- $3.4M – $5.1M
- 99th pct Senior Care
- Avg gross sales
- $843K
- Outlet subset13th pct Senior Care
- Royalty
- 5.0%
- 5th pct Senior Care
- Units
- 201
- 77th pct Senior Care
- SBA charge-off
- 2.9%
- % of SBA 7(a) loans not repaid · median varies by category
Quick verdict · Senior Care · color = vs category peers
Green = favorable by >10% vs Senior Care median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $3.4M – $5.1M including a $75K franchise fee, 5.0% ongoing royalty.
- RETURNSAverage unit revenue of $843K/year (reported for a subset of outlets rather than the whole system).
- RISKVerdict B (Above average), verdict score 60/100 (higher is better). SBA loan charge-off rate of 2.9% across 104 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2025).
- GROWTHPositive: net +2 franchised outlets in the latest year (5 opened, 3 closed); 13 signed but not yet open (Item 20).
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- Bee Hive Homes, Inc.
- Parent company
- Bee Hive Homes of America, Inc.
- FDD Item 1, page 7 of the 2025 FDD
- Predecessor
- Bee Hive Homes Intermountain, Inc.
- Prior franchisor entity
- CEO title
- President and Director
- Twayne K. Walker
- Incorporated in
- UT
- HQ
- 3973 North Eagle Road, Boise, Idaho 83713-0727
- Auditor
- Harris CPAs P.C.
- Audited financials
- Franchisor revenue
- $4.9M
- vs $4.1M prior year
Overview
About
- CEO
- Twayne K. Walker
- Headquarters
- ID
- Founded
- 1987
- FDD year
- 2025
- States available
- 20
Can you afford it, and what does the money buy?
Entry cost runs 3011% above the typical senior care franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $75K | $75K |
| Working capital (3–6 mo) | $161K | $187K |
| Equipment, build-out, other | $3.2M | $4.8M |
| Total initial investment | $3.4M | $5.1M |
Source: Bee Hive Homes 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $3.4M – $5.1M
- Bottom third — review vs category
- Liquid capital req'd
- $161K – $187K
- Bottom third — review vs category
- Franchise fee
- $75K – $75K
- Bottom third — review vs category
- Royalty
- 5.0%
- typical 6–8%
- Ad fund
- -n/d
- Total fee load
- 5.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Technology fee | $0 |
| Transfer fee | $15K |
| Renewal fee | $0 |
| Inventory (initial) | $25K – $30K |
| Total fee load | 5.0% of rev |
A 5.0% total fee load is unusually lean. More of each revenue dollar stays with the franchisee.
What do units actually make?
Average unit sales run 21% below the senior care norm.
Reported for a subset of outlets rather than the whole system
Source: FDD 2025 · Item 19
Single-unit · not modelled
Returns at a glance
An FDD discloses gross sales, not profit, and the operating costs that turn one into the other are in no filing. We publish no modelled return for Bee Hive Homes until someone supplies them — yours, in the models below.
—
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
Total invested capital · disclosed
$4.4M
Item 7 initial investment plus working capital, as filed — the one figure here that needs no assumption.
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
What one unit earns on your invested capital
Model A · Single-Unit Return
Computes unlevered return on invested capital (ROIC) for a single franchise unit, read against the 30–60% reference band · Yale SOM, Post-MBA Path Exhibit 2 (2023). Below that band a passive index fund likely outperforms; above it the franchisor has pricing power you're subsidizing.
Note: Item 19 revenue is what the franchisor discloses, and it is the top line only — gross sales are not profit. No FDD discloses the operating costs that turn one into the other, so those fields start empty and nothing is modelled until you supply them from your own lease quote, labor market and build-out budget.
Returns model · single-unit ROIC
What would one Bee Hive Homes unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
What 25 units return when you use SBA financing
Model B · Return on Equity: Debt-Financed Acquisition
Models a 25-unit portfolio acquisition financed with an SBA 7(a) loan. Shows equity IRR (your return on cash invested), DSCR (how safely the cash flow covers debt service), and the capital stack (SBA + seller + equity breakdown).
This is the “search fund” or “entrepreneurship through acquisition” scenario: you buy an existing multi-unit operator, use leverage to amplify returns, and either operate or hire management. The 25-unit size is the typical minimum for an SBA-backed franchise portfolio acquisition to pencil as a full-time income.
What “return on equity” means here: if you put in $500K of your own cash and the business generates enough EBITDA to pay down debt and grow, your equity IRR is the annual return on that $500K, including the value created when you eventually sell. Target IRR for a search fund is typically 25–35%.
Not modelled yet
An FDD discloses gross sales, not profit. We hold no sourced figure for ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
A 25-unit return is built on a per-unit EBITDA. Fill in the operating costs in Model A above and this model runs on that figure, or take the whole scenario to the full ROI workbench, where the portfolio and LBO models accept your own per-unit economics directly.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
Reported for a subset of outlets rather than the whole system
- Avg gross sales
- $843K
- Per unit, per year
Gross sales are revenue before expenses — not profit. Actual owner earnings depend on rent, labor, royalties, marketing fees, and debt service.
- Item 19 type
- gross revenues
- Sample size
- 106 outlets
- vs category median 22 · large
- Range (low → high)
- $216K→$1.9MCited, not corroborated — printed on page 28 of the 2025 FDD. Nothing else in our record independently restates or re-derives it.
- Cohort dispersion (min → max)
- Reporting year
- 2023
- Fiscal year the figures cover
- Source filing
- FDD 2025
- Disclosed in the 2025 filing, covering 2023
- Transparency
- 3 / 10
- vs category median 4 / 10 · below
Compared against 79 Senior Care brands
Revenue is only 0.2x the investment. This means each unit may take 5+ years to recoup the initial outlay at typical margins.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Unit economics
Average unit generates $843K/year in gross sales. Revenue-to-investment ratio: 0.2x. Reported for a subset of outlets rather than the whole system.
Fee burden
Total ongoing fee load of 5.0% — below the Senior Care median of 7.0%.
Disclosure
Transparency score 3/10 — moderate disclosure depth. Average and range data are available but detailed cohort breakdowns may be limited.
Operator retention
System roughly stable (0.0% 3-year CAGR) with 201 units.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Senior Care medians
How Bee Hive Homes Compares
Category median of published Senior Care brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 201
- Opened
- 5
- Last reporting year
- Closed
- 3
- Turnover rate
- 1.5%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (3-yr)
- +1.0%
- Net unit change over 3 years
- 3-yr CAGR
- +0.0%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Signed, not yet open
- 13
- 0.06 per open outlet · Item 20 Table 5
- Projected new
- 6
- Franchisor's next-year forecast
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 12 · 20 states reported
The Territory Map
FDD Item 12 reports the state count, but the specific list isn't in our current data. The map will appear once we re-extract from the FDD or enough franchisee contacts are available.
20
states with franchisees (per FDD Item 12)
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
- Total loans
- 104
- Loan volume
- $182.8M
- Median loan
- $1.6M
- 50th percentile
- Charge-off rate
- 2.9%
- on 104 loans · rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- 97.1%
- 5-yr charge-off
- 0.0%
- Loans approved 2021+
- Active lenders
- 39
- Defaults
- 2
- Typical loan rate
- 5.9%
- avg rate to borrowers
- Franchised industry avg
- 4.4%
- brand beats franchise avg ↓
- Jobs supported
- 1,800
- 1.0 per loan
- Lender concentration
- 9%
- top lender's share
Borrower mix: 40% went to startups / new businesses, 60% to established operators
Franchise vs independent — in homes for the elderly, franchised businesses charge off at 4.4% vs 5.9% for independents — franchising is associated with 25% lower SBA default risk in this category.
Vintage analysis
Bee Hive Homes charge-off rate by loan vintage
Top lenders financing Bee Hive Homes franchisees
Showing 3 of 39 lenders. The full breakdown — every lender, state distribution, interest rates & risk ratings — is in the SBA Lending Report below.
Explore lender portfolios on Bank Reports or regional data on State Reports.
Lender network · 7(a) + 504
SBA Lending Report
Full lending analysis for Bee Hive Homes from SBA 7(a) FOIA data.
- Principal loss rate
- 0.3%
- Avg SBA guarantee
- 75%
- Avg interest rate
- 5.93%
- Avg chargeoff amount
- $251K
- Lender concentration
- 8.7%
- Job velocity
- 1.0 per $100K
- Startup risk premium
- 0.0pp
- NAICS benchmark
- 2.9%
- NAICS 623312
- Jobs supported
- 1,800
Top SBA lendersTop lender holds 9% of loans
| # | Lender | Loans | Volume | Default % |
|---|---|---|---|---|
| 1 | Glacier Bank | 9 | $18.2M | 11.1% |
| 2 | Clare Bank, National Association | 8 | $10.2M | 0.0% |
| 3 | Celtic Bank Corporation | 8 | $4.3M | 12.5% |
| 4 | Live Oak Banking Company | 7 | $17.5M | 0.0% |
| 5 | Bank Five Nine | 6 | $18.3M | 0.0% |
| 6 | MISSINGMAINBANKID | 6 | $4.9M | 0.0% |
| 7 | Mountain America FCU | 5 | $8.1M | 0.0% |
| 8 | Wells Fargo Bank National Association | 5 | $7.4M | 0.0% |
| 9 | First Bank | 5 | $17.6M | 0.0% |
| 10 | America First FCU | 5 | $7.8M | N/A |
Geographic failure vector
| State | Loans | Defaults | Rate |
|---|---|---|---|
| UTUtah | 43 | 1 | 3.0% |
| MTMontana | 9 | 0 | 0.0% |
| TXTexas | 7 | 0 | 0.0% |
| MNMinnesota | 6 | 0 | 0.0% |
| COColorado | 5 | 0 | 0.0% |
| AZArizona | 4 | 0 | 0.0% |
| INIndiana | 4 | 0 | 0.0% |
| MSMississippi | 4 | 0 | 0.0% |
| GAGeorgia | 3 | 0 | 0.0% |
| IDIdaho | 3 | 1 | 33.3% |
SBA 7(a) lending trend
Borrower profile
Source: SBA 7(a) + 504 FOIA loan-level data, matched by FranchiseVerdict
What could kill this investment?
SBA loans charge off at 2.9% — 82% below the 16.0% national norm, i.e. lower lender-observed risk.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
Senior living franchise with high capital requirements, undisclosed unit profitability, stagnant growth, and material litigation involving resident care and discrimination—requires deep due diligence on actual franchisee returns and liability exposure.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Harris CPAs P.C.
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Franchisor financial statements attached are unaudited interim QuickBooks Balance Sheet (as of June 30, 2025) and Profit & Loss (January-June 2025) for Bee Hive Homes Inc. (fka Beehive Intermountain Inc). Item 21 references audited statements for years ended Dec 31, 2024/2023/2022 in Exhibit C, but no auditor's report or CPA firm name appears in the extracted text. Total Income $2,615,747.49 = Transfer Fee $10,000 + Vendor Fees $28,588.60 + Monthly Fees $2,462,158.89 + Franchise Fee Income $115,000. Net Income includes $5,160.36 other (interest) income. Equity is negative (-$474,964.15) driven by Treasury Stock -$1,406,076 and Sub-S distributions -$820,015.65.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: No
- Must buy proprietary products: No
- Restricted to system-approved products: No
- Can negotiate own supplier terms: Yes
Score breakdown · what drove the 60 / 100 verdict
- 01MEDNet income not disclosed in FDD Item 19 prevents accurate profitability assessment and suggests weak unit economics
- 02MINORStagnant unit growth (1.0% YoY) across 201 units indicates market saturation or franchisee dissatisfaction
- 03MINORFHA discrimination settlement (2021) signals potential systemic compliance or operational issues in senior living care
- 04MINORThree active/recent negligence and unfair trade practice lawsuits involving residents/estates create reputational and liability exposure
- 05MINOR5% royalty on $843K average revenue = $42K annual cost before operating expenses, limiting franchisee margins
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Ongoing fees run about 5.0% of sales (royalty + ad fund), before rent and labor.
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory population | 30,000 |
| Online sales rights | Restricted |
| Franchisor can compete | No |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 3 years |
| Right of first refusalℹ | Yes |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Arbitration location | Utah |
| Jury trial waiver | No |
| Governing law | UT |
| Litigation count | 4 |
Items 10, 11
Training & Operations
- Classroom training
- 0 hrs
- On-the-job training
- 24 hrs
- Training location
- Location designated by franchisor
- Ongoing training
- Optional
- Time to open
- 24 mo
- From signing to launch
- Site selection
- franchisee with franchisor approval
- Franchisor financing
- Not offered
- Item 10
- POS system
- Blue Step Software
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Blue Step Software
Item 20 · call current owners
Franchisee Contacts
91 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Bee Hive Homes franchise?
The total investment to open a Bee Hive Homes franchise ranges from $3.4M – $5.1M, with an initial franchise fee of $75K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Bee Hive Homes franchise owners earn?
According to Item 19 of the Bee Hive Homes FDD, the average gross sales per unit is $843K. Important context: Reported for a subset of outlets rather than the whole system. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
Who owns Bee Hive Homes?
Bee Hive Homes is franchised by Bee Hive Homes, Inc.. Its parent company is Bee Hive Homes of America, Inc.. Source: FDD Item 1, 2025 filing.
What is Item 19 in the Bee Hive Homes FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the Bee Hive Homes FDD and qualifies whose outlets they describe.
What is Bee Hive Homes's franchise failure rate?
Based on SBA 7(a) loan data, Bee Hive Homes has a charge-off rate of 2.9% across 104 loans, meaning 2.9% of franchise loans were charged off. Charge-off rates are one proxy for franchise risk, though they do not capture all closures. This data comes from FOIA-sourced SBA lending records.
How many Bee Hive Homes franchise locations are there?
As of their most recent FDD filing, Bee Hive Homes has 201 total units in the United States, including 201 franchised units and 0 company-owned units. 5 new units were opened in the latest reporting year.
Is Bee Hive Homes a good franchise to buy?
FranchiseVerdict rates Bee Hive Homes as a B-grade franchise with a verdict score of 60 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.