What was the total number of Southern Steer franchise transfers in all states during 2024?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Number of Transfers | |
|---|---|---|---|
| 2022 | 0 | ||
| Florida | 2023 2024 2022 | 0 1 0 | |
| Totals | 2023 2024 | 0 1 |
Source: Item 20 — ITEM. 20 OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–61)
What This Means (2025 FDD)
According to the 2025 Southern Steer Franchise Disclosure Document, there was one franchise transfer in all states during 2024. The FDD provides data on the number of franchise transfers that occurred during the fiscal years 2022, 2023, and 2024.
Specifically, the table details transfers of outlets from franchisees to new owners, excluding transfers to the franchisor or its affiliates. This information is valuable for prospective franchisees as it provides insight into the stability and resale activity within the Southern Steer franchise system. A higher number of transfers could indicate a more active market for existing franchises, while a lower number might suggest greater franchisee satisfaction or fewer opportunities for resale.
It is important to note that this data only reflects transfers to new owners and does not include instances where the franchise was reacquired by Southern Steer itself. Reviewing this information in conjunction with other data in the FDD, such as terminations and non-renewals, can provide a more comprehensive understanding of franchisee turnover within the Southern Steer system.