How many Southern Steer franchised outlets were operating in Florida at the end of 2022?
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 |
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 two franchised outlets operating in Florida at the end of 2022. The table provided in Item 20 of the FDD details the number of outlets at the start of the year, the number of outlets opened, and the number of outlets at the end of the year for each state where Southern Steer has a presence.
Specifically, for Florida in 2022, the table shows that there was one outlet at the start of the year and one outlet opened during the year, resulting in a total of two outlets at the end of 2022. This information is crucial for prospective franchisees as it provides a snapshot of Southern Steer's growth and presence in a specific state.
Understanding the historical data on outlet openings and closures can help potential franchisees assess the brand's performance and stability in different markets. It's important to note that past performance is not necessarily indicative of future results, but it does offer valuable insights into the brand's track record. Reviewing this data in conjunction with other sections of the FDD, such as Item 19 (Financial Performance Representations), can provide a more comprehensive understanding of the franchise opportunity.