How many franchised Southern Steer outlets were operating at the end of fiscal year 2024?
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 6 franchised outlets operating at the end of the 2024 fiscal year. The FDD provides a table outlining the status of franchised outlets for the fiscal years 2022, 2023, and 2024. This table shows the progression of Southern Steer franchises, including the number of outlets at the start of each year, the number opened, terminations, non-renewals, and the number of outlets at the end of the year.
Specifically, for the 2024 fiscal year, the table indicates that there were 3 franchised outlets at the start of the year. During 2024, 3 additional outlets were opened. There were no terminations or non-renewals. This resulted in a total of 6 franchised Southern Steer outlets at the end of the 2024 fiscal year.
Prospective franchisees can use this information to understand the growth and stability of the Southern Steer franchise system. The increase in outlets suggests a growing brand presence. The absence of terminations or non-renewals in 2024 may indicate franchisee satisfaction and the overall health of the franchise system. However, it is important to consider these figures in conjunction with other information in the FDD, such as financial performance representations and franchisee turnover rates, to gain a comprehensive understanding of the franchise opportunity.