What costs are NOT included in the leasehold improvement estimates for a Southern Steer Business?

According to Southern Steer's 2025 Franchise Disclosure Document, the estimated costs for leasehold improvements do not include several key expenses. These exclusions can significantly impact a franchisee's initial investment and should be carefully considered. The estimates do not account for any necessary site development or site engineering work. Additionally, the estimates do not include capitalized costs of rent or other occupancy costs over the life of the lease or the life of the investment. The estimates also do not reflect costs for the purchase of unimproved land and construction of a Southern Steer Business building.

These exclusions are important because site development and engineering can be substantial, especially if the location requires significant modifications to meet Southern Steer's standards. Similarly, excluding capitalized rent and occupancy costs means franchisees must budget separately for these ongoing expenses, which can strain their initial capital. The exclusion of costs associated with purchasing unimproved land and constructing a building highlights that the provided estimates are only relevant for franchisees leasing existing spaces and making interior alterations.

Furthermore, the estimates do not include any freight, tax or installation costs for furnishings, fixtures, and equipment. These costs can vary depending on the location and size of the Southern Steer Business. The estimates also do not include costs for the purchase of unimproved land and construction of a Southern Steer Business building, which would result in a significantly greater initial investment. A prospective franchisee should carefully evaluate potential sites and obtain detailed quotes for all necessary improvements, considering these exclusions to accurately assess the total investment required to open a Southern Steer franchise.