What sections of the Southern Steer Franchise Agreement cover pre-opening purchases/leases?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
Issuance Date: January 31, 2025. I received a disclosure document dated January 31, 2025, that included the following Exhibits:
Exhibit A: Franchise Agreement and Attachments Attachment A Attachment B Attachment C Attachment D Attachment E Attachment F Attachment G Attachment H Attachment I-1 Attachment I-2 Attachment J Franchisee Questionnaire Site, Protected Area, Required Opening Date Statement of Ownership Personal Guaranty Authorization to Honor Electronic Funds Transfer Conditional Assignment of Telephone Listing, Social Media and Directory Listing Agreement Landlord's Consent to Assignment Lease Form of Lease Addendum State Specific Addendum Non-Competition and Non-Disclosure Agreement (Owners) Non-Competition and Non-Disclosure Agreement (Management Staff) Exhibit B: Financial Statements Exhibit C: List of Current and Former Franchisees, Company-Owned Southern Steer Businesses and Franchise Agreements Signed But Not Opened Exhibit D: Multi-Unit Development Agreement Exhibit E: Sample Release Exhibit F: State Agency/Agents for Service of Process Exhibit G: State-Specific Addendum Exhibit H: Brand Manual Table of Contents Exhibit I: Deposit Agreement Exhibit J: State Effective Dates and Receipt
Source: Item 9 — ITEM. 9 FRANCHISEE'S OBLIGATIONS (FDD pages 24–25)
What This Means (2025 FDD)
Based on the 2025 Southern Steer Franchise Disclosure Document, Exhibit A lists the Franchise Agreement and its attachments. Attachment A is for the Site, Protected Area, and Required Opening Date. Attachment B is the Statement of Ownership, while Attachment C is the Personal Guaranty. Attachment D covers Authorization to Honor Electronic Funds Transfer, and Attachment E is the Conditional Assignment of Telephone Listing, Social Media and Directory Listing Agreement. Attachment F is the Landlord's Consent to Assignment Lease Form of Lease Addendum. Attachment G is the State Specific Addendum, Attachment H is the Non-Competition and Non-Disclosure Agreement (Owners), and Attachment I-1 is the Non-Competition and Non-Disclosure Agreement (Management Staff). Attachment I-2 is the Exhibit B: Financial Statements Exhibit C: List of Current and Former Franchisees, Company-Owned Southern Steer Businesses and Franchise Agreements Signed But Not Opened Exhibit D: Multi-Unit Development Agreement Exhibit E: Sample Release Exhibit F: State Agency/Agents for Service of Process Exhibit G: State-Specific Addendum Exhibit H: Brand Manual Table of Contents Exhibit I: Deposit Agreement Exhibit J: State Effective Dates and Receipt.
Prospective Southern Steer franchisees should carefully review Attachment A, as it outlines the site requirements, protected area, and required opening date, which are crucial for securing a suitable location and planning the launch of their franchise. Attachment F, concerning the Landlord's Consent to Assignment Lease Form, is also important as it deals with lease-related matters, ensuring that the franchisee has the necessary legal permissions to operate at the chosen site. Reviewing these attachments will help franchisees understand their obligations and the franchisor's expectations regarding site selection and lease agreements.
While these attachments provide some insight into site-related aspects, the FDD does not explicitly detail sections within the Franchise Agreement that specifically cover pre-opening purchases or leases. Therefore, it is essential for potential franchisees to directly inquire with Southern Steer about the specific clauses in the Franchise Agreement that address pre-opening purchases, lease negotiations, and any obligations related to securing and preparing the business location. This will ensure a clear understanding of the financial and legal responsibilities involved in setting up the franchise.