How many company-owned Southern Steer outlets were reacquired from franchisees in 2023?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired from Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of Year |
|---|---|---|---|---|---|---|---|
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Florida* | 2023 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2024 | 1 | 0 | 0 | 0 | 0 | 1 |
Source: Item 20 — ITEM. 20 OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–61)
What This Means (2025 FDD)
According to Southern Steer's 2025 Franchise Disclosure Document, in the state of Florida, there were no company-owned outlets reacquired from franchisees in 2023. The table provided shows the status of outlets in Florida for the years 2022, 2023, and 2024.
The data indicates that in 2023, there was one company-owned Southern Steer outlet at the start of the year, zero outlets opened, zero outlets reacquired from franchisees, zero outlets closed, and zero outlets sold to franchisees. This resulted in one company-owned outlet at the end of 2023. The same status is reported for 2022 and 2024, indicating no changes in the number of company-owned outlets during those years either.
This information is valuable for potential franchisees as it provides insight into the stability and changes within the Southern Steer franchise system regarding company-owned stores. The absence of reacquired outlets may suggest a stable relationship between the franchisor and its franchisees, or it could indicate a preference for other methods of managing underperforming locations.