What was the total amount of royalty fees paid by 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 | ||||
| Rent | $46,233.90 | $138,697.00 | 2.84% | 8.92% |
| Utilities | $24,862.53 | $22,449.23 | 1.53% | 1.44% |
| Repairs | $9,321.17 | $6,617.40 | 0.57% | 0.43% |
| and | ||||
| Maintenance | ||||
| Total Occupancy Costs | $80,417.60 | $167,763.63 | 4.94% | 10.79% |
| Marketing/Promotion | ||||
| Total | $45,593.01 | $13,221.50 | 2.80% | 0.85% |
| Marketing/Promotion | ||||
| Expenses | ||||
| Dues, | ||||
| Technology | ||||
| Fees, | ||||
| Subscriptions, | ||||
| Accounting | ||||
| and | ||||
| Payroll | ||||
| Processing, | ||||
| Computer | ||||
| Total | $8,588.34 | $10,671.29 | 0.53% | 0.69%% |
| Dues, | ||||
| Technology | ||||
| Fees, | ||||
| Subscriptions, | ||||
| Accounting and Payroll | ||||
| Processing Computer | Amount | Percentage of Gross Sales | ||
| Sarasota | Ocoee | Sarasota | Ocoee | |
| Supplies | ||||
| Total | $13,832.41 | $25,107.36 | 0.85% | 1.62% |
| Supplies | ||||
| Expenses | ||||
| Insurance | ||||
| Total | $15,721.37 | $12,685.07 | 0.97% | 0.82% |
| General | ||||
| Liability/Property | ||||
| Insurance/Workers | ||||
| Comp Insurance | ||||
| Miscellaneous | ||||
| Expenses | ||||
| Merchant | $24,266.48 | $24,476.95 | 1.49% | 1.57% |
| Services | ||||
| (Credit | ||||
| Cards)/Bank | ||||
| Fees | ||||
| Miscellaneous | $11,478.79 | $4,999 | 0.71% | 0.32% |
| Expenses | ||||
| Customer | $117,798.52 | $129,003.67 | 7.24% | 8.30% |
| Loyalty | ||||
| Program | ||||
| Total | $153,543.79 | $158,479.02 | 9.43% | 10.20% |
| Miscellaneous | ||||
| Expenses | ||||
| Total | $445,825.37 | $583,668.92 | 27.39% | 37.56% |
| Operating | ||||
| Expenses | ||||
| Franchise Fees | ||||
| Royalty Fees10 | $29,818.67 | $61,886.28 | 1.83% | 3.98% |
| Brand | $0 | $0 | 0% | 0% |
| Fund | ||||
| Contribution | ||||
| Total Franchise Fees | $29,818 |
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 Ocoee location paid $61,886.28 in royalty fees. This figure represents 3.98% of the location's gross sales.
In addition to royalty fees, Southern Steer franchisees should also be aware of other fees, such as a brand fund contribution. However, as of the date of the FDD, there is no brand fund established.
Prospective franchisees should consider these figures in the context of their own financial planning and consult with Southern Steer to understand how these fees are calculated and what services or benefits they provide. Understanding these costs is crucial for assessing the potential profitability and financial viability of a Southern Steer franchise.