factual

How are fees other than the Royalty Fee and Brand Fund Contribution paid by a Southern Steer franchisee?

Southern_Steer Franchise · 2025 FDD

Answer from 2025 FDD Document

All other Fees will be due and payable in accordance with the Designated Supplier's terms and conditions or per our invoice.

Source: Item 22 — ITEM. 22 CONTRACTS (FDD pages 61–168)

What This Means (2025 FDD)

According to the 2025 Southern Steer Franchise Disclosure Document, fees other than the Royalty Fee and Brand Fund Contribution are due and payable based on the Designated Supplier's terms and conditions or per the invoice provided. The Royalty Fee and Brand Fund Contribution are paid weekly via EFT (electronic funds transfer). However, Southern Steer may elect to collect the Royalty Fee and Brand Fund Contribution on another basis with 30 days' prior written notice.

Other fees that a Southern Steer franchisee may incur include an Additional Training Fee, Brand Conference Fee, Transfer Fee of $10,000 plus the current fee to attend the Initial Training Program, Relocation Fee, Testing Fee, On-Site Assistance Fee of $10,000, Technology Fee, Direct Ads TV Fee, POS System Fee, Recipe/Safety Fee, and Signage Fee. There is also a Successor Franchise Fee that is 25% of the then-current Initial Franchise Fee, and Liquidated Damages of $250 per day for each unauthorized product or service offered or sold. If the franchisee fails to correct any deficiencies in their Southern Steer Business and Southern Steer does so, the franchisee will reimburse Southern Steer for the actual cost incurred to correct such deficiencies, including travel and living expenses.

This means that prospective Southern Steer franchisees should carefully review the terms and conditions from designated suppliers and all invoices to understand when payments are due. Franchisees should also be aware of the various fees that may arise during the course of the franchise agreement, such as fees for additional training, brand conferences, or technology upgrades. Understanding these payment terms and potential fees is crucial for managing the financial aspects of the Southern Steer franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.