What was the gross profit margin for Southern Steer in 2020, representing the 8th year of operation?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
included, two are franchised and one is owned by our Affiliate.
Substantiation for the data contained in this ITEM 19 will be made available to you by us upon reasonable request.
CHART ONE
FIVE YEAR SUMMARY CLEARWATER, FLORIDA LOCATION GROSS PROFIT MARGIN
| 2020 (Year 8 of Operation) | 2021 (Year 9 of Operation) | 2022 (Year 10 of Operation) | 2023 (Year 11 of Operation) | 2024 (Year 12 of Operation) | |
|---|---|---|---|---|---|
| Gross | 41.91% | 40.45% | 41.92% | 48.93% | 46.08% |
| Profit | |||||
| Margin |
CHART TWO
FIVE YEAR SUMMARY SARASTOA, FLORIDA LOCATION GROSS PROFIT MARGIN
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| (Year 4 of | (Year 5 of | (Year 6 of | (Year 7 of | (Year 8 of | |
| Operation) | Operation)* | Operation)* | Operation) |
Source: Item 19 — ITEM. 19 FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 50–58)
What This Means (2025 FDD)
According to Southern Steer's 2025 Franchise Disclosure Document, the gross profit margin for the Sarasota, Florida location in 2020, which was its 4th year of operation, was 41.24%. For the Clearwater, Florida location, the gross profit margin in 2020, its 8th year of operation, was 41.91%.
It's important to note that these figures are based on the performance of specific locations and may not be representative of all Southern Steer franchises. The FDD stipulates that the data is historical and derived from Southern Steer Businesses that operated for the entire year of 2024 and had been in operation for at least two years. Only three of the seven Southern Steer Businesses met these conditions and were included in Item 19.
A prospective franchisee should consider these figures as examples of what might be achieved, but should also conduct their own independent research and due diligence. Factors such as location, management skills, local market conditions, and operating costs can significantly impact a franchise's financial performance. Reviewing the complete Item 19 and discussing these figures with existing franchisees can provide a more comprehensive understanding of potential earnings.