What was the total number of Southern Steer outlets opened across all states during 2024?
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, a total of 3 Southern Steer outlets were opened across all states during 2024. Specifically, one outlet was opened in Florida, one in Georgia, and one in Texas during that year. This information is based on the table summarizing systemwide outlet data.
It's important to note that these figures reflect the total number of new franchised locations that commenced operations during the specified year. This does not account for any closures, terminations, or transfers that may have occurred during the same period. The FDD also includes tables detailing transfers of outlets and the status of franchised outlets, which provide further insight into changes within the Southern Steer system.
Prospective franchisees should consider these figures in the context of Southern Steer's overall growth strategy and market presence. While the opening of new outlets indicates expansion, it's crucial to evaluate the performance and sustainability of existing locations as well. Reviewing the complete Item 20 data, including information on terminations, transfers, and non-renewals, will provide a more comprehensive understanding of the franchise system's health and stability.
In addition to the number of outlets opened, the FDD provides data on projected openings for the next fiscal year. This information can help potential franchisees assess Southern Steer's future growth plans and identify potential market opportunities. By carefully analyzing all available data and consulting with existing franchisees, prospective investors can make informed decisions about joining the Southern Steer system.