Who selects the expert to conduct the economic feasibility study for a Southern Steer franchise?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
The Franchisor will have the right to require that the Franchisee obtain, at the Franchisee's expense, an economic feasibility study for the proposed site for the Franchised Location.
Any such feasibility study required by the Franchisor will be completed by an expert mutually agreed upon by the Franchisor and the Franchisee in writing.
Source: Item 22 — ITEM. 22 CONTRACTS (FDD pages 61–168)
What This Means (2025 FDD)
According to Southern Steer's 2025 Franchise Disclosure Document, the selection of an expert to conduct an economic feasibility study for a potential franchise location is a collaborative decision. The franchisor has the right to require a franchisee to obtain this study at the franchisee's expense. However, the expert who conducts the study must be mutually agreed upon, in writing, by both Southern Steer and the franchisee.
This requirement ensures that both parties have confidence in the expert's qualifications and objectivity. It also allows the franchisee to have a say in who assesses the potential financial viability of their chosen location. This feasibility study is based on Site Information that the franchisee provides to Southern Steer.
It is important to note that even if Southern Steer reviews the site information, visits the proposed site, or issues a no-objection letter, this does not guarantee the financial or operational success of the location. The no-objection letter simply means that Southern Steer has received and reviewed the site information provided by the franchisee. The franchisee bears the ultimate responsibility for site selection and its potential success.