Buying a Bee Hive Homes franchise: SBA acquisition loan data
Since FY2018, SBA lenders have approved 11 7(a) loans to buy an existing Bee Hive Homes (classified mostly as Assisted Living Facilities for the Elderly), totaling $28.7M. The median loan was $2,183,000, 238% higher than the $645,250 median for all SBA-financed acquisitions. 2 of these loans were approved in the last two fiscal years.
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What this tells a buyer
- Price range to expect. Loan size tracks purchase price. Half of Bee Hive Homes resale loans landed between $1,965,600 and $3,522,800.
- Lender experience exists. First Bank alone has financed 3 Bee Hive Homes resales.
- Guaranty. The SBA guaranteed 80% of the dollars lent here.
- What the file leaves out. The SBA file does not record franchisor transfer terms or fees.
Financing a Bee Hive Homes resale
The median SBA 7(a) loan for a Bee Hive Homes resale was $2,183,000 across 11 loans (FY2018 to FY2026). First Bank, Coastal States Bank and Stock Yards Bank & Trust Company have financed the most Bee Hive Homes resales. Too few of these loans are old enough to measure a charge-off rate; the average for all SBA acquisition loans is 3.5%.
Bee Hive Homes acquisition loans by year
| Fiscal year | Loans | Total approved | Median loan | |
|---|---|---|---|---|
| FY2018 | 2 | $3.3M | $1,667,500 | |
| FY2019 | 0 | $0 | - | |
| FY2020 | 1 | $4.8M | $4,830,600 | |
| FY2021 | 4 | $9.8M | $2,150,350 | |
| FY2022 | 1 | $5M | $5,000,000 | |
| FY2023 | 1 | $3.4M | $3,350,000 | |
| FY2024 | 0 | $0 | - | |
| FY2025 | 2 | $2.4M | $1,178,700 | |
| FY2026 | 0 | $0 | - |
How often do these acquisition loans fail?
Fewer than 20 Bee Hive Homes acquisition loans are old enough to measure losses reliably, so no charge-off rate is shown. The benchmark across all SBA acquisition loans in the FY2018 to FY2021 cohort is 3.5% by count. Non-acquisition 7(a) loans (every other stated purpose) approved FY2018 to FY2021 charged off at 6.2%.
"Charged off" is the SBA's final loss action on a defaulted loan after collection efforts. It lags default by a year or more, which is why only older cohorts are measured. It is not the same as a delinquency rate, and loans still outstanding can still fail. See charge-off in the glossary.
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Lenders financing Bee Hive Homes resales
| # | Lender | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | First Bank | 3 | 27.3% | $10.6M | |
| 2 | Coastal States Bank | 2 | 18.2% | $8.4M | |
| 3 | Stock Yards Bank & Trust Company | 2 | 18.2% | $2.4M | |
| 4 | Live Oak Banking Company | 1 | 9.1% | $2.7M | |
| 5 | Byline Bank | 1 | 9.1% | $2.2M | |
| 6 | America First Federal Credit Union | 1 | 9.1% | $1.8M | |
| 7 | Community Banks of Colorado, A Division of NBH Bank | 1 | 9.1% | $660K |
States where Bee Hive Homes units are bought
Terms signed in the LOI shape the purchase agreement that follows.
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How lenders classify Bee Hive Homes
Lenders code each loan to a NAICS industry. For Bee Hive Homes the codes used were:
| # | Industry | Loans | Share | Dollars | |
|---|---|---|---|---|---|
| 1 | Assisted Living Facilities for the Elderly | 9 | 81.8% | $20.3M | |
| 2 | Nursing Care Facilities (Skilled Nursing Facilities) | 2 | 18.2% | $8.4M |
Questions buyers ask
How much do buyers borrow to buy a Bee Hive Homes franchise?
The median SBA 7(a) loan for a Bee Hive Homes resale was $2,183,000 across 11 loans (FY2018 to FY2026). The middle half of loans ran from $1,965,600 to $3,522,800. The loan excludes the buyer's equity and any seller note and may include working capital, so the price is usually higher than the loan.
Which banks finance Bee Hive Homes acquisitions?
First Bank has made the most SBA acquisition loans for Bee Hive Homes (3, 27% of the total). Coastal States Bank, Stock Yards Bank & Trust Company, Live Oak Banking Company follow.
What interest rate and term do Bee Hive Homes acquisition loans carry?
The average initial rate at approval was 6.09% (a blend of fixed and variable loans across several rate environments, so treat it as context, not a quote). The median term was 25 years.
Is a Bee Hive Homes resale riskier than other SBA-financed acquisitions?
Too few Bee Hive Homes acquisition loans are old enough to measure. The benchmark for all SBA acquisition loans is 3.5% charged off in the FY2018 to FY2021 cohort.
Where are Bee Hive Homes units being bought with SBA loans?
Utah (4), Indiana (2), Mississippi (1), Ohio (1), Nevada (1). State counts follow where the brand has units and where SBA lending is most active generally; see the state pages for the overall picture.
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Related
- All Assisted Living Facilities for the Elderly acquisitions
- Utah acquisitions
- Indiana acquisitions
- Mississippi acquisitions
- First Bank
- Coastal States Bank
- Stock Yards Bank & Trust Company
- All franchise brands
Brand name as recorded by lenders in the SBA file: "Bee Hive Homes" (franchise code S0202). Figures are aggregates of public SBA data and are not provided or endorsed by the franchisor.