What is the transfer fee for a Southern Steer Business?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
titutions from which You request a loan. All estimates in this ITEM 7 are based on a new Southern Steer Business with a footprint of approximately 1,800 to 2,300 square feet. Your costs may be higher if You operate Your Southern Steer Business from larger premises.
- (1) Initial Franchise Fee. If You are a transferee, You will pay a Transfer Fee in the amount of $10,000 plus any initial traini
Source: Item 7 — ITEM. 7 ESTIMATED INITIAL INVESTMENT (FDD pages 17–21)
What This Means (2025 FDD)
According to the 2025 Southern Steer Franchise Disclosure Document, a franchisee who is a transferee will pay a transfer fee of $10,000. In addition to the transfer fee, the transferee may have to pay an initial training fee.
A transferee is defined as someone who purchases a Southern Steer business from a pre-existing franchisee already operating a Southern Steer business. This fee is paid in lieu of the initial franchise fee that a new franchisee would typically pay.
Prospective franchisees should consider the transfer fee and potential training fee when evaluating the costs associated with purchasing an existing Southern Steer franchise versus starting a new one. It is important to understand what the initial training fee covers and whether it is required for all transferees or if there are circumstances where it may be waived.