How many franchised Southern Steer outlets were operating at the end of 2023?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
| at Start | Outlets | Termina | Non | by | Other | at End | ||
|---|---|---|---|---|---|---|---|---|
| State | Year | of Year | Opened | tions | Renewals | Franchisor | Reasons | of Year |
| 2022 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | |
| Florida | 2023 | 2 | 1 | 0 | 0 | 0 | 0 | 3 |
| 2024 | 3 | 1 | 0 | 0 | 0 | 0 | 4 | |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Georgia | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Texas | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2022 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | |
| Totals | 2023 | 2 | 1 | 0 | 0 | 0 | 0 | 3 |
| 2024 | 3 | 3 | 0 | 0 | 0 | 0 | 6 |
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 a total of three franchised outlets operating at the end of 2023. These outlets were all located in Florida. At the start of 2023, there were two franchised Southern Steer locations. During 2023, one new franchised location was opened. There were no terminations, non-renewals, or transfers of franchised Southern Steer locations during 2023.
It is important to note that while the total number of franchised locations increased, this growth was limited to a single additional location. Prospective franchisees should consider this rate of growth when evaluating the potential of the Southern Steer franchise system. They should also investigate the reasons behind the limited growth and assess whether this trend is likely to continue.
For potential franchisees, understanding the growth and stability of the franchise network is crucial. The information provided in Item 20 of the FDD offers a snapshot of the franchise's performance over the past three years. Reviewing this data carefully and comparing it with industry benchmarks can help in making an informed decision about investing in a Southern Steer franchise.