Bee Hive HomesFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
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]. Verdict grade: B. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $3.4M – $5.1M
- 99th pct Senior Care
- Avg gross sales
- $843K
- 25th pct Senior Care
- Royalty
- 5.0%
- 7th pct Senior Care
- Units
- 201
- 77th pct Senior Care
- SBA default
- 2.9%
- system-wide median varies by category
Quick verdict · Senior Care · color = vs category peers
Green = >15% above Senior Care avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
At 0.2x revenue per dollar invested, this system underperforms the typical 1.5-2.5x range.
Franchising since 1992. Systems this mature have refined operations and brand recognition.
The franchisor's auditor raised doubt about continued operations. This is a serious risk signal.
Bottom line
- Total investment $3.4M – $5.1M including a $75K franchise fee, 5.0% ongoing royalty.
- Average unit revenue of $843K/year.
- Verdict B (Above Average) with a risk score of 54/100. SBA loan charge-off rate of 2.9% across 104 loans (well below the franchise average, based on all SBA 7(a) franchise lending, 2010–2024).
- Auditor disclosed a going-concern note, which flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- BEE HIVE HOMES, INC.
- Parent company
- Bee Hive Homes of America, Inc.
- Incorporated in
- UT
- HQ
- 3973 North Eagle Road, Boise, Idaho 83713-0727
- Auditor
- Harris CPAs P.C.
- Audited financials
- Franchisor revenue
- $4.1M
- vs $4.9M prior year
- ⚠ Going-concern note
- Disclosed in FDD 2025
- Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.
Overview
About
Bee Hive Homes franchisees operate assisted living or senior residential care facilities, managing day-to-day resident care, staffing, regulatory compliance, marketing, and family relations. Franchisees are responsible for facility operations including nursing/caregiver coordination, meal services, activities programming, and health/safety protocols across their protected territory.
- CEO
- Twayne K. Walker
- Headquarters
- ID
- Founded
- 1987
- FDD year
- 2025
- States available
- 20
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.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$143K
17.0% margin
Unlevered ROIC
3%
EBITDA / total invested capital
Payback
30.9 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $3.4M – $5.1M
- Below avg, review vs category
- Liquid capital req'd
- $161K – $187K
- Below avg, review vs category
- Franchise fee
- $50K – $75K
- Below avg, review vs category
- Royalty
- 5.0%
- Gross Revenues · 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 |
| 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.
Financial Performance
- Avg gross sales
- $843K
- Per unit, per year
- Median gross sales
- N/A
- Item 19 type
- gross_sales
- Sample size
- 106 units
- vs category median 22 · large
- Range (low → high)
- $216K→$1.9M
- Cohort dispersion (min → max)
- Transparency
- 3 / 5
- vs category median 4 / 5 · below
Compared against 70 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.
vs Senior Care averages
How Bee Hive Homes Compares
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 (yr3)
- +1.0%
- Net unit change last year
- 3-yr CAGR
- +0.0%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 4
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 15 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
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%
- 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
Vintage analysis
Bee Hive Homes charge-off rate by loan vintage
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Bee Hive Homes's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 10 lenders with concentration factor
- Per-state charge-off rates across 15 states
- Startup risk premium and job creation velocity
- 19-year lending trend
- SBA 504 real estate/equipment data
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
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.
Audited financials (Item 21)
Yes · Harris CPAs P.C.⚠ Going-concern note flagged
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Score breakdown · what drove the 54 / 100 rating
- 01MINORHigh initial investment ($3.4M-$5.1M) against modest average unit revenue ($843K) creates unfavorable ROI math and extended payback period
- 02MEDNet income not disclosed in FDD Item 19 prevents accurate profitability assessment and suggests weak unit economics
- 03MINORStagnant unit growth (1.0% YoY) across 201 units indicates market saturation or franchisee dissatisfaction
- 04MINORFHA discrimination settlement (2021) signals potential systemic compliance or operational issues in senior living care
- 05MINORThree active/recent negligence and unfair trade practice lawsuits involving residents/estates create reputational and liability exposure
- 06MINOR5% royalty on $843K average revenue = $42K annual cost before operating expenses, limiting franchisee margins
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Territory type | Population-based |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Non-compete (years)ℹ | 3 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Utah |
| Litigation count | 4 |
Items 10, 11
Training & Operations
- Classroom training
- 0 hrs
- On-the-job training
- 24 hrs
- POS system
- Blue Step Software
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: Blue Step Software
Item 20 · call current owners
Franchisee Contacts
46 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Bee Hive Homes · FDD (2025) PDF
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. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
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 risk score of 54 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. 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.
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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.