What was the gross profit margin for Southern Steer in 2024, representing the 12th year of operation?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
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 Clearwater, Florida location in 2024, which marked its 12th year of operation, was 46.08%.
It's important to note that this data represents the performance of a single, affiliate-owned Southern Steer location and may not be representative of all locations. Factors such as location, management, and local market conditions can significantly impact financial performance. The FDD includes financial performance representations for other locations, such as Sarasota and Ocoee, Florida, but these are for different years of operation.
A prospective franchisee should consider this information as a historical data point and not as a guarantee of future performance. It is advisable to conduct thorough due diligence, including reviewing the complete Item 19 of the FDD, speaking with existing franchisees, and developing a comprehensive business plan, to assess the potential financial viability of a Southern Steer franchise.
It is also important to understand the definitions provided in the FDD, such as how "Gross Sales" and "Gross Profit" are calculated, to accurately interpret the financial performance data. The FDD clearly defines these terms to ensure consistency and transparency in the financial reporting.