What information is contained within Exhibit C of the Southern Steer FDD?
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 21 — EXHIBIT B: FINANCIAL STATEMENTS (FDD page 6)
What This Means (2025 FDD)
According to the 2025 Southern Steer Franchise Disclosure Document, Exhibit C contains a list of current and former franchisees, company-owned Southern Steer businesses, and franchise agreements that have been signed but whose locations have not yet opened. This exhibit is a crucial resource for prospective franchisees as it allows them to contact existing and former franchisees to gain insights into the Southern Steer franchise system.
By reviewing this list, potential franchisees can learn about the experiences of others who have invested in the Southern Steer brand. They can inquire about the level of support provided by the franchisor, the challenges and opportunities associated with operating a Southern Steer business, and the overall profitability of the franchise. Speaking with both current and former franchisees can provide a balanced perspective and help in making an informed decision.
Furthermore, the inclusion of company-owned Southern Steer businesses in Exhibit C offers a benchmark for franchisees to compare their performance against. It also provides an opportunity to understand the operational strategies and best practices employed by the franchisor in their own stores. The list of signed but not yet opened franchise agreements can give an indication of the brand's growth trajectory and market presence.
In summary, Exhibit C serves as a valuable tool for due diligence, enabling prospective Southern Steer franchisees to gather essential information, assess the franchise's potential, and make well-informed decisions before investing.