How many Southern Steer franchise transfers occurred in Florida during 2023?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers | |
|---|---|---|---|
| 2022 | 0 | ||
| Florida | 2023 2024 2022 | 0 1 0 | |
| Totals | 2023 2024 | 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, there were no franchise transfers in Florida during 2023. The FDD provides data on the number of franchise transfers that occurred within the system. This information is crucial for potential franchisees as it can indicate the stability and desirability of owning a Southern Steer franchise. A high number of transfers might suggest underlying issues within the franchise system, while a low number, as in this case, could indicate franchisee satisfaction.
Specifically, the table provided in Item 20 of the FDD details the number of franchise transfers from franchisees to new owners, excluding transfers to the franchisor or its affiliates. For Florida, the data shows '0' transfers in 2023. This suggests that existing Southern Steer franchisees in Florida did not sell their businesses to new owners during that year.
This information is valuable for prospective franchisees as it offers insight into the experiences of current franchisees and the overall health of the Southern Steer franchise system in Florida. While a single year's data provides a snapshot, reviewing transfer data over multiple years, as presented in the FDD, can offer a more comprehensive understanding of franchisee turnover and the reasons behind it.