How much is the current Technology Fee for a Southern Steer franchise?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee(1) | Amount | Date Due | Remarks |
|---|---|---|---|
| Technology Fee | The then current fee. Currently, $507 per month. | Monthly. | The Technology Fee includes the monthly fee paid to our designated suppliers for IFX, email addresses and Google Business page. The Technology Fee may change upon prior notice to You if the vendor changes the fees or We change vendors. |
Source: Item 6 — ITEM. 6 OTHER FEES (FDD pages 11–16)
What This Means (2025 FDD)
According to Southern Steer's 2025 Franchise Disclosure Document, franchisees must pay a Technology Fee. The current fee is $507 per month. This fee is paid to designated suppliers for IFX, email addresses, and the Google Business page. The Technology Fee may change if the vendor changes their fees or if Southern Steer changes vendors. Franchisees are required to pay this fee on a monthly basis.
This fee is important for prospective franchisees to consider as it is a recurring monthly expense that will impact their operating costs. It is also important to note that Southern Steer can change the fee with prior notice if their vendors change their pricing or if they switch vendors. This means that the franchisee's expenses could increase during the term of the franchise agreement.
Franchisees should confirm with Southern Steer whether the technology fee covers all necessary technology services or if there are additional technology-related costs they should anticipate. Understanding the scope of services included in the technology fee and the potential for future increases is crucial for accurate financial planning.