Bee Hive Homes is a residential assisted living brand offering personalized care in a home-like setting. The franchise provides 24/7 support, daily activities, and supportive services.
Key Insights
- Bee Hive Homes was founded with a vision to create a comfortable and supportive environment for seniors, inspired by the desire for intimate, home-like living. Over time, the business has grown, focusing on providing personalized care and a sense of community within each residence, distinguishing itself from larger institutional settings.
- The franchise model facilitates the expansion of this unique senior living concept. Each location is designed to feel like a family home, with a low resident-to-staff ratio ensuring attentive and individualized support for every person. This approach emphasizes dignity and quality of life.
- Operating within the senior living sector, the business addresses a growing demand for specialized residential care. This industry is characterized by a need for compassionate service and adaptable environments that cater to evolving resident needs, providing a stable market for franchise partners.
Franchise Fee and Costs to Open
Exploring the financial picture of Bee Hive Homes gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $3,400,000 - $5,100,000, along with a franchise fee of $75,000 - $75,000.
Financial Performance and Revenue
Yearly gross sales of $843,000 and estimated earnings of $151,740 - $210,750 show the potential financial performance of this franchise. These figures are crucial for prospective franchisees as they help to project revenue and profitability. They offer insight into the business's ability to generate income and can be used to compare its performance against other investment opportunities. The Franchise Payback Period of 24.4-26.4 provides an estimation of the time it might take for an owner to recover their initial investment. This metric is a key consideration for anyone evaluating the financial viability of a franchise, as it relates directly to the speed at which the business can become profitable. A shorter payback period can indicate a faster return on capital, which is a significant factor in making an informed decision about a franchise investment.
Training and Resources
Bee Hive Homes provides comprehensive initial training for new franchisees. This training program, lasting two weeks, is conducted at the franchisor's headquarters. Bee Hive Homes offers a thorough onboarding experience, equipping franchisees with the knowledge and resources for establishing and operating their Bee Hive Homes location. They also provide ongoing operational support.
Legal Considerations
Legal considerations for a Bee Hive Homes franchisee are outlined in the Franchise Disclosure Document (FDD) and the Franchise Agreement. Note that this franchise discloses lawsuits and/or bankruptcy information in its FDD, which may impact your evaluation. Subscribe now to access more details and be sure to consult a qualified attorney before proceeding.
Challenges and Risks
A franchisee might encounter challenges with local market saturation, requiring a nuanced understanding of competitor offerings and pricing. Operational complexity, such as staffing and resident care management, demands consistent training and oversight. Reliance on specific suppliers for consumables and equipment necessitates establishing robust relationships and contingency plans to ensure uninterrupted service delivery.
Franchise Datasheet
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