How much was spent on rent for the Southern Steer Ocoee location?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
Imputed Fees | $112,929.38 | 5.19% | | Adjusted | $237,558.92 | | | Net | | | | Income | | | | Before | | | | Owner's | | | | Compensation | | | | Adjusted Net Profit Margin | | 10.93% |
CHART 5(A)
NET PROFIT FOR 2024 REPORTING PERIOD FRANCHISEE LOCATIONS
| Sarasota | Ocoee | Sarasota | Ocoee | |
|---|---|---|---|---|
| Total Gross Sales2 | $1,627,493.04 | $1,554,160.25 | 100% | 100% |
| Costs of Goods Sold | $882,875.47 | $845,111.00 | 54.25% | 54.38% |
| Gross Profit | $744,617.57 | $709,049.25 Amount | 45.75% Percentage of Gross Sales | 45.62% |
| Sarasota | Ocoee | Sarasota | Ocoee | |
| Labor | ||||
| Total Payroll (Hourly, | $128,128.85 | $195,740.45 | 7.87% | 12.59% |
| Manager, and Assistant | ||||
| Manager) | ||||
| Occupancy Costs | ||||
| R |
Source: Item 19 — ITEM. 19 FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 50–58)
What This Means (2025 FDD)
According to Southern Steer's 2025 Franchise Disclosure Document, the rent expense for the Ocoee location was $138,697.00 during the reporting period. This figure represents 8.92% of the location's total gross sales, which amounted to $1,554,160.25. This data is part of the financial performance representations provided in the FDD, offering prospective franchisees insight into the operating expenses of existing Southern Steer locations.
It's important to note that occupancy costs, which include rent, utilities, and repairs/maintenance, totaled $167,763.63 for the Ocoee location, accounting for 10.79% of gross sales. Rent is the most significant component of these occupancy costs. Understanding these expenses is crucial for potential franchisees as they evaluate the financial viability of a Southern Steer franchise.
The FDD also provides comparable data for the Sarasota location, where rent was $46,233.90, or 2.84% of gross sales. The significantly higher rent for the Ocoee location could be due to factors such as location, size, or lease terms. Prospective franchisees should carefully consider these factors and conduct their own due diligence to estimate rent expenses for their specific location.
Southern Steer emphasizes that these figures are based on historical data from specific locations and that individual results may vary. The FDD also notes that written substantiation for the financial performance representation will be made available to a prospective franchisee upon reasonable request, encouraging further investigation and validation of the provided data.