When did Wali Bacdayan become a Managing Member of Southern Steer?
Southern_Steer Franchise · 2025 FDDAnswer from 2025 FDD Document
Wali Bacdayan – Managing Member
Mr. Bacdayan has been Our Managing Member since June 24, 2022. Mr. Bacdayan is also the Chairman of the Board of Trustees of Washington and Lee University located in Lexington, Virginia since February 2024. Mr. Bacdayan also serves as a board director of Lewis & Ellis LLC located in Dallas, Texas since November 2023; as a board director of The Aaron's Company located in Atlanta, Georgia since October 2023; as a board director of Diamond Kinetics, located in Pittsburgh, Pennsylvania since August 2022; as a board director of WBX Commerce located in Baltimore, Maryland since December 2021; and as a board director of Envirovac Holdings LLC located in Savannah, Georgia since June 2019. He has been the founding investor of Millie's Homemade Ice Cream located in Pittsburgh, Pennsylvania since December 2018 and a venture partner for Delta-V Capital located in Boulder, Colorado since June 2019.
Source: Item 2 — ITEM. 2 BUSINESS EXPERIENCE (FDD page 9)
What This Means (2025 FDD)
According to the 2025 Southern Steer Franchise Disclosure Document, Wali Bacdayan became a Managing Member on June 24, 2022. This indicates that Mr. Bacdayan has been in a leadership position with the company for a significant period, which could provide some assurance to potential franchisees.
Beyond his role at Southern Steer, the FDD lists several other positions Mr. Bacdayan holds. Since February 2024, he has been the Chairman of the Board of Trustees of Washington and Lee University. He also serves as a board director for Lewis & Ellis LLC (since November 2023), The Aaron's Company (since October 2023), Diamond Kinetics (since August 2022), WBX Commerce (since December 2021), and Envirovac Holdings LLC (since June 2019). Additionally, he has been the founding investor of Millie's Homemade Ice Cream since December 2018 and a venture partner for Delta-V Capital since June 2019.
Mr. Bacdayan's extensive experience across various organizations and industries suggests a strong business acumen. For a prospective franchisee, this could be seen as a positive sign, indicating that Southern Steer is guided by experienced and knowledgeable leadership. However, it is important for potential franchisees to consider how Mr. Bacdayan's other commitments might impact his involvement with Southern Steer and to assess whether the leadership structure aligns with their expectations.