Does the Southern Steer Franchise Disclosure Document include Exhibit I, the Deposit Agreement?
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 Personal Guaranty 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 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 Southern Steer's 2025 Franchise Disclosure Document, Exhibit I, the Deposit Agreement, is included as part of the exhibits. This means that prospective franchisees will have access to the Deposit Agreement as part of the disclosure materials they receive.
The Deposit Agreement likely outlines the terms and conditions under which any deposits made by the franchisee are held and potentially refunded. It is important for potential Southern Steer franchisees to carefully review this agreement to understand their rights and obligations related to any deposits they may be required to make.
Franchisees should pay close attention to the conditions under which the deposit may be forfeited or refunded, as well as any restrictions or limitations on the use of the deposit. Understanding the Deposit Agreement is crucial for making informed decisions about investing in a Southern Steer franchise.