How much is the initial franchise fee for a Southern Steer franchise, and when is it due?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
ther rights for non-compliance provided for under the Franchise Agreement. You and We will agree that these amounts are reasonable, constitute liquidated damages and are not a penalty.
ITEM. 7 ESTIMATED INITIAL INVESTMENT
YOUR ESTIMATED INITIAL INVESTMENT
| Type of Expenditure | Amount Low – High | Method of Payment | When Due | To Whom Payment Is To Be Made | |
|---|---|---|---|---|---|
| Initial Franchise Fee(1) | $59,500 | $59,500 | Lump Sum | When You Sign The Franchise Agreement | Us |
| Travel and Living Expenses for Initial Training for Two-Weeks(2) | $4,000 | $7,000 | As Incurred | As Incurred Duri |
Source: Item 7 — ITEM. 7 ESTIMATED INITIAL INVESTMENT (FDD pages 17–21)
What This Means (2025 FDD)
According to Southern Steer's 2025 Franchise Disclosure Document, the initial franchise fee is $59,500. This fee is payable in a lump sum when you sign the Franchise Agreement with Southern Steer. This fee is nonrefundable once paid.
It's important to note that if you are a transferee, meaning you are purchasing a Southern Steer Business from a pre-existing franchisee, you will pay a Transfer Fee of $10,000 plus any initial training fee Southern Steer charges, instead of the standard Initial Franchise Fee.
Prospective franchisees should factor this initial fee into their startup costs and be prepared to pay it upon signing the franchise agreement. Understanding the terms and conditions around this fee is crucial before making a final decision.