How many company-owned Southern Steer outlets were sold to franchisees in 2024?
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 | |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Totals | 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, no company-owned outlets were sold to franchisees in 2024. The provided table regarding the status of company-owned outlets for the fiscal years 2022, 2023 and 2024 indicates no sales to franchisees during this period.
Specifically, the table tracks the number of outlets at the start of the year, outlets opened, outlets reacquired from franchisees, outlets closed, outlets sold to franchisees, and outlets at the end of the year. For 2024, the data shows that there was 1 company-owned outlet at the start of the year, no outlets opened, none reacquired, none closed, and crucially, none sold to franchisees. This resulted in 1 company-owned outlet at the end of 2024.
This information is valuable for potential franchisees as it provides insight into Southern Steer's business model and its relationship with company-owned stores. The fact that no company-owned stores were sold to franchisees in the past three years may suggest that Southern Steer prefers to maintain ownership of its company-owned stores or that there have been no opportunities or strategic reasons to sell them to franchisees.