How many Southern Steer outlets were open at the start of 2023 in Florida?
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 |
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 was one Southern Steer outlet open in Florida at the start of 2023. The provided table in Item 20 outlines the number of outlets at the start of the year, outlets opened, reacquired, closed, sold, and the number of outlets at the end of the year for 2022, 2023, and 2024.
This information is valuable for potential franchisees as it provides a historical view of Southern Steer's growth and presence in Florida. A prospective franchisee can see the brand's existing footprint and how it has changed over the past few years. This data helps in assessing the market saturation and growth potential in the state.
It is important to note that the table also shows that no outlets were opened, reacquired, closed, or sold in Florida during 2023. The number of outlets remained constant at one throughout the year. This could indicate a period of stability or potentially slower growth in the Florida market during that time. A potential franchisee should investigate further to understand the reasons behind this trend and whether it is likely to continue in the future.