What was the total number of Southern Steer outlets sold to franchisees in 2024?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | Year | Outlets at Start of Year | Outlets Opened | Outlets Reacquired from Franchisee | Outlets Closed | Outlets Sold to Franchisee | Outlets at End of Year |
|---|---|---|---|---|---|---|---|
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Florida* | 2023 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2024 | 1 | 0 | 0 | 0 | 0 | 1 | |
| 2022 | 1 | 0 | 0 | 0 | 0 | 1 | |
| Totals | 2023 | 1 | 0 | 0 | 0 | 0 | 1 |
| 2024 | 1 | 0 | 0 | 0 | 0 | 1 |
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, there were no outlets sold to franchisees in 2024. The provided table shows that under the column "Outlets Sold to Franchisee" for the year 2024, the value is 0. This indicates that Southern Steer did not transfer any of its existing franchise locations to new franchisees during that year.
For a prospective franchisee, this information is relevant in understanding the growth and transfer activity within the Southern Steer franchise system. The absence of outlet transfers to franchisees in 2024 could suggest several factors, such as stable ownership, lack of franchisee turnover, or a focus on opening new locations rather than transferring existing ones.
It is important to note that this data pertains specifically to the transfer of existing outlets from the franchisor or existing franchisees to new franchisees. It does not reflect the opening of new Southern Steer franchise locations, which is a separate metric. A potential franchisee should consider this information in conjunction with other data in the FDD, such as the number of new outlets opened and the overall financial performance of franchise locations, to gain a comprehensive understanding of the franchise's health and growth trajectory.