What was the total amount spent on supplies for the Southern Steer Sarasota 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 | $29,818.6 |
Source: Item 19 — ITEM. 19 FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 50–58)
What This Means (2025 FDD)
According to the 2025 Southern Steer Franchise Disclosure Document, the total amount spent on supplies for the Sarasota location was $13,832.41. This figure represents 0.85% of the location's gross sales.
Prospective franchisees can use this information to understand the typical supply expenses for a Southern Steer franchise. However, it's important to note that this is based on the performance of a single location over a specific period. Individual results may vary depending on factors such as location, management practices, and local market conditions.
It is important for potential franchisees to investigate what specific expenses are included in the "supplies" category. Understanding these costs can help in creating a more accurate financial projection for their own Southern Steer franchise. Franchisees should also inquire about any potential fluctuations in supply costs and how these might impact their profitability.