What was the total number of Southern Steer franchised outlets at the start of 2023?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
| at Start | Outlets | Termina | Non | by | Other | at End | ||
|---|---|---|---|---|---|---|---|---|
| State | Year | of Year | Opened | tions | Renewals | Franchisor | Reasons | of Year |
| 2022 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | |
| Florida | 2023 | 2 | 1 | 0 | 0 | 0 | 0 | 3 |
| 2024 | 3 | 1 | 0 | 0 | 0 | 0 | 4 | |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Georgia | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2022 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Texas | 2023 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2022 | 1 | 1 | 0 | 0 | 0 | 0 | 2 | |
| Totals | 2023 | 2 | 1 | 0 | 0 | 0 | 0 | 3 |
| 2024 | 3 | 3 | 0 | 0 | 0 | 0 | 6 |
Source: Item 20 — ITEM. 20 OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–61)
What This Means (2025 FDD)
According to Southern Steer's 2025 Franchise Disclosure Document, the total number of franchised outlets at the start of 2023 was 2. The information is based on a table that summarizes the status of franchised outlets for the fiscal years 2022, 2023, and 2024. The table provides a breakdown of outlet information by state. Specifically, for Florida, there was 1 outlet at the start of 2022, which increased to 2 at the start of 2023, and then to 3 at the start of 2024. There were no Southern Steer franchise locations in Georgia or Texas at the start of 2023. Therefore, the total number of franchised Southern Steer outlets at the start of 2023 was 2.
This information is crucial for potential franchisees as it provides insight into the growth and presence of Southern Steer franchises over the past few years. The increase from 2 to 3 franchised locations between the start of 2023 and the start of 2024 indicates a moderate expansion of the franchise system. A prospective franchisee can use this data to assess the brand's growth trajectory and market penetration in different states.
It is important to note that the data is limited to Florida, Georgia, and Texas. The table does not provide information on Southern Steer franchises in other states, which may be relevant for a comprehensive understanding of the franchise system's overall footprint. A potential franchisee should also consider this information in conjunction with other factors, such as market demand, competition, and the franchisor's support and training programs, to make an informed decision about investing in a Southern Steer franchise.