What is the Development Fee for two additional Southern Steer businesses?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
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- (15) Total. We relied on the experience of Our affiliate and their principals in opening and developing company-owned Southern Steer Businesses to compile these estimates.
YOUR ESTIMATED INITIAL INVESTMENT MULTI-UNIT DEVELOPMENT AGREEMENT
| Type of Expenditure | Amount–Low - High | Method of Payment | When Due | To Whom Payment Is To |
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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, the Development Fee for two additional Southern Steer businesses is a fixed amount. Specifically, the FDD states that the development fee for two additional Southern Steer businesses is $91,500. This fee is paid as a lump sum when you sign the Multi-Unit Development Agreement (MUDA).
This fee is non-refundable, meaning that once paid, it will not be returned under any circumstances. The MUDA is for the purchase of a minimum of three Southern Steer Business franchises. The development fee covers the right to develop and open these additional locations within a specified territory and timeframe.
Prospective franchisees should consider this fee as part of their initial investment and ensure they have sufficient capital to cover it. It is important to note that this fee is in addition to the initial franchise fee and other startup costs associated with opening each Southern Steer location. Franchisees should carefully review the terms of the MUDA to understand their obligations and the timeline for opening the additional locations.