How many Southern Steer outlets were operating in Florida at the start of 2023?
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 operating in Florida at the start of 2023. The table provided in Item 20 outlines the number of outlets at the start of the year, opened during the year, reacquired, closed, sold, and the number of outlets at the end of the year.
Specifically, for Florida in 2023, the table indicates that there was one outlet at the start of the year, no outlets were opened, reacquired, closed, or sold during the year, and therefore, there was still one outlet at the end of 2023. This information is useful for prospective franchisees to understand the growth and changes in the number of Southern Steer outlets in Florida over the specified period.
It's important to note that this data reflects only the specific years listed (2022, 2023, and 2024) and may not be indicative of long-term trends. Additionally, the table does not differentiate between franchised and company-owned outlets, so it's unclear whether the listed outlets are franchised or company-owned. A prospective franchisee should further investigate the performance and characteristics of these existing outlets to gain a comprehensive understanding of the Southern Steer business in Florida.