As of this Franchise Disclosure Document, in which state is the Southern Steer franchise effective as of May 13, 2024?
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 5 — and 7 of the FDD, Section 3.1 of the Franchise Agreement and Section 4.1 of the Multi-Unit Development Agreement are hereby amended to state that payment of the initial franchise fee and development fee will be deferred until We have satisfied Our pre-opening obligations, and You have commenced business operations. (FDD pages 168–290)
What This Means (2025 FDD)
According to the 2025 Southern Steer Franchise Disclosure Document, Exhibit J lists state effective dates. However, the document does not specify which states the Southern Steer franchise was effective in as of May 13, 2024.
To determine in which states the Southern Steer franchise was effective as of May 13, 2024, a prospective franchisee should review Exhibit J ('State Effective Dates and Receipt') of the 2025 FDD. If the information is not present, they should ask the franchisor directly for a list of states where the franchise was registered and effective as of that date.
Understanding the states where the franchise is effective is crucial for a potential franchisee, as it confirms where Southern Steer is legally permitted to offer and sell franchises. This information helps ensure compliance with state franchise laws and regulations.