Does the Southern Steer Franchise Disclosure Document include Exhibit B, the financial statements?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
| Name | Principal Business Address | Telephone Number | | |--------------------------|---------------------------------|------------------|--| | Greg Snyder | 35246 US HWY 19 N #219, Palm Harbor, FL 34684 | 727-501-3541 | | | Meghan Reynolds | 35246 US HWY 19 N #219, Palm Harbor, FL 34684 | 727-501-3541 | | | Justin Kemper | 14301 FNB Pkwy. #312 Omaha, NE 68154 | 531-333-3278 | | | Thomas John (TJ) Kissane | 14301 FNB Pkwy. #312 Omaha, NE 68154 | 531-333-3278 | | | Other: | | | | 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 Exhibi
Source: Item 21 — EXHIBIT B: FINANCIAL STATEMENTS (FDD page 6)
What This Means (2025 FDD)
According to Southern Steer's 2025 Franchise Disclosure Document, Exhibit B consists of the franchisor's financial statements. Item 5 and Item 21 both reference that the FDD includes Exhibit B: Financial Statements. Prospective franchisees should carefully review these statements to assess the financial health and stability of Southern Steer. Understanding the franchisor's financial position is crucial for evaluating the long-term viability of the franchise system.
The financial statements provide insights into Southern Steer's revenues, expenses, assets, and liabilities. Analyzing these statements can help potential franchisees understand the franchisor's profitability, debt levels, and overall financial performance. This information can inform their decision-making process and help them assess the risks and rewards associated with investing in a Southern Steer franchise.
It is important for prospective franchisees to consult with a financial advisor or accountant to thoroughly review and interpret the financial statements. A professional can help them understand the implications of the financial data and make informed decisions about whether to invest in a Southern Steer franchise. Additionally, potential franchisees should compare Southern Steer's financial performance with that of other franchise systems in the same industry to benchmark its performance and identify any potential red flags.