Does the Southern Steer FDD include a Multi-Unit Development Agreement as an exhibit?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
Issuance Date: January 31, 2025. I received a disclosure document dated January 31, 2025, that included the following Exhibits:
Exhibit A: Franchise Agreement and Attachments Attachment A Attachment B Attachment C Attachment D Attachment E Attachment F Attachment G Attachment H Attachment I-1 Attachment I-2 Attachment J Franchisee Questionnaire Site, Protected Area, Required Opening Date Statement of Ownership Personal Guaranty Authorization to Honor Electronic Funds Transfer Conditional Assignment of Telephone Listing, Social Media and Directory Listing Agreement Landlord's Consent to Assignment Lease Form of Lease Addendum State Specific Addendum Non-Competition and Non-Disclosure Agreement (Owners) Non-Competition and Non-Disclosure Agreement (Management Staff) Exhibit B: Financial Statements Exhibit C: List of Current and Former Franchisees, Company-Owned Southern Steer Businesses and Franchise Agreements Signed But Not Opened Exhibit D: Multi-Unit Development Agreement Exhibit E: Sample Release Exhibit F: State Agency/Agents for Service of Process Exhibit G: State-Specific Addendum Exhibit H: Brand Manual Table of Contents Exhibit I: Deposit Agreement Exhibit J: State Effective Dates and Receipt
Source: Item 21 — EXHIBIT B: FINANCIAL STATEMENTS (FDD page 6)
What This Means (2025 FDD)
Yes, according to the 2025 Southern Steer Franchise Disclosure Document, a Multi-Unit Development Agreement is included as an exhibit. Specifically, Exhibit D lists the Multi-Unit Development Agreement. This agreement is a key document for franchisees interested in developing multiple Southern Steer locations.
The inclusion of a Multi-Unit Development Agreement as an exhibit indicates that Southern Steer actively supports and offers opportunities for franchisees to expand their operations. This can be a significant advantage for entrepreneurs looking to grow their investment and build a larger business within the Southern Steer franchise system.
Prospective franchisees should carefully review the Multi-Unit Development Agreement to understand the terms, conditions, and obligations associated with developing multiple units. This includes development schedules, territory rights, and any specific requirements or incentives offered by Southern Steer for multi-unit development. Understanding this agreement is crucial for planning and executing a successful multi-unit expansion strategy with Southern Steer.