What is the amount of the transfer fee for a Southern Steer franchise?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
est a loan. All estimates in this ITEM 7 are based on a new Southern Steer Business with a footprint of approximately 1,800 to 2,300 square feet. Your costs may be higher if You operate Your Southern Steer Business from larger premises.
- (1) Initial Franchise Fee. If You are a transferee, You will
Source: Item 7 — ITEM. 7 ESTIMATED INITIAL INVESTMENT (FDD pages 17–21)
What This Means (2025 FDD)
According to Southern Steer's 2025 Franchise Disclosure Document, a transferee must pay a transfer fee of $10,000. A transferee is someone who purchases a Southern Steer business from an existing franchisee. In addition to the $10,000 transfer fee, the transferee may also have to pay an initial training fee, as detailed in Item 6 of the FDD.
This transfer fee is paid in lieu of the initial franchise fee that a new franchisee would typically pay. It is important to note that this fee is nonrefundable once paid to Southern Steer or its affiliates, regardless of the circumstances. Prospective franchisees should carefully consider this nonrefundable aspect before proceeding with the transfer.
Understanding the costs associated with becoming a Southern Steer franchisee, whether through a new agreement or a transfer, is crucial for financial planning. The transfer fee is just one component of the overall investment, and potential franchisees should review all aspects of Item 7 and other relevant sections of the FDD to gain a comprehensive understanding of the financial commitments involved.