About Southern Steer Business Franchise
Southern Steer is a premium butcher shop and specialty meat franchise that has been offering franchise opportunities since 2020.
The brand serves customers with high quality, hand cut meats, seafood, prepared meals, and specialty grocery items in a welcoming retail environment.
The franchise fee is $59,500.
Southern Steer Business Franchise Cost & Fees
Minimum Investment
$394K
Average Investment
$533K
Maximum Investment
$672K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $59,500 | One-time payment upon signing |
| Royalty Fee | 6% of annual Gross Revenues from $1.00 to $1,000,000; 5% from $1,000,001 to $2,000,000; and 4% from $2,000,001 and greater of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | 1% of weekly Gross Revenues | National brand fund |
| Total Investment Range | $393,636 – $671,750 | Includes build-out, inventory, working capital |
The investment range of $394K–$672K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (6% of annual Gross Revenues from $1.00 to $1,000,000; 5% from $1,000,001 to $2,000,000; and 4% from $2,000,001 and greater) and marketing fee (1% of weekly Gross Revenues) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $59,500 | $59,500 |
| Travel and Living Expenses for Initial Training for Two-Weeks | $4,000 | $7,000 |
| On-Site Assistance Fee | $10,000 | $10,000 |
| Architectural, Mechanical and Electrical Design | $12,000 | $18,000 |
| Site Design Review | $0 | $4,000 |
| Lease Deposit | $5,000 | $8,000 |
| Utility Deposits | $0 | $1,000 |
| Leasehold Improvements/Construction | $132,000 | $275,000 |
| Rent for Three Months | $10,500 | $25,500 |
| Inventory and Supplies For Three Months | $20,000 | $30,000 |
| Furnishings, Fixtures, and Equipment | $85,000 | $150,000 |
| Exterior and Interior Signage | $8,000 | $13,000 |
| Point of Sale System Set-Up and Lease Payments- Three Months Set-up | $5,200 | $5,200 |
| POS System Fee – Three Months | $1,833 | $1,833 |
| Permits and Licenses | $500 | $2,000 |
| Start-up Licenses/Technology Fees For Three Months | $1,998 | $1,998 |
| Legal, Accounting Fees and Accounting Software Fees for Three Months | $1,500 | $2,500 |
| Recipe/Safety Fee | $105 | $219 |
| Insurance for Three Months | $1,500 | $2,000 |
| Grand Opening Advertising | $10,000 | $15,000 |
| Additional Funds/Working Capital – Three Months (these figures have not been offset by operating revenues) | $25,000 | $40,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $10,000 plus our then current training fee for Transferee to attend Our Initial Training Program |
| Renewal Fee | 25% of the then current Initial Franchise Fee |
| Technology Fee | $507 per month |
| Audit Fee | Amount incurred by Us to audit Your Southern Steer Business |
| Local Advertising Cooperative Contribution | Up to 1% of monthly Gross Revenues |
| Supplies and Inventory | Actual Cost |
| POS System Fee | $611 per month |
| Accounting Software Fee | $99 per month |
| Recipe/Safety Fee | $105 annually |
| Signage Fee | $350 per year |
| Additional Training Fees | $400 per day, per person plus travel and living expenses |
| Brand Conference Fee | Our then current registration fee for one person to attend Our annual Brand Conference |
| Relocation Fee | Our actual cost, including legal expenses, Site approval expenses and travel and living expenses to conduct Site review (if any). $500 per week during closure for relocation. |
| Testing Fee | Actual cost of test and inspection plus travel and living expenses incurred to conduct any inspections |
| Correction of Deficiency or Unsatisfactory Condition | Actual Cost |
| Taxes | Variable |
| Insurance | Cost of insurance |
| Indemnification and Costs and Attorneys’ Fees | Variable |
| Interest Charges | 1.5% per month or the maximum rate permitted by applicable law, whichever is less |
| Late Charge | $100 |
| Insufficient Fund Fee | $100 per occurrence |
| Management Fee | 50% of Gross Revenues |
| Liquidated Damages | $250 per day |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | up to two weeks |
| Classroom Training | 6-10 |
| On-the-Job Training | 80-84 |
| Training Location | Our corporate headquarters or such other location We designate (Clearwater, Florida) |
| Additional Training | We reserve the right to charge You for any additional training We provide. Travel expenses include all costs incurred for travel, transportation, food, lodging, telephone calls, automobile rental and all other related expenses. Any new Designated Manager or Operating Principal must attend Our Initial Training Program at Your sole cost and expense prior to being in charge of Your Southern Steer Business. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected Area |
| Exclusive Territory | No |
| Territory Size | up to a five-mile radius around the Site of Your Southern Steer Business |
| Description | Once the Site for Your Southern Steer Business is selected and approved, We will assign You a Protected Area. Your Protected Area will depend on the location of Your Southern Steer Business and will be tailored to Your specific Site's demographics up to a five-mile radius around the Site of Your Southern Steer Business. There is no minimum geographic territory. So long as the Franchise Agreement is in force and You are not in default under it or any other agreement with Us or any Affiliate of Ours, neither We nor Our Affiliates will own or operate or franchise or license others to own or operate a Southern Steer Business within Your Protected Area, other than in a Non-Traditional Location or via a delivery service. A 'Non-Traditional Location' includes transportation facilities, sporting arenas, educational facilities, medical facilities, entertainment facilities, military facilities, food trucks, food trailers, music venues, schools, amphitheaters, and farmers markets. A Non-Traditional Location is not considered part of the Protected Area. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | One additional 10-year term |
| Renewal Fee | 25% of the then current Initial Franchise Fee |
| Renewal Conditions | You must: give written notice at least 180, but not more than 365 days before expiration; have complied with all material terms and conditions of Your current Franchise Agreement; have paid all monetary obligations owed to Us during the term of the Franchise Agreement; agree in writing to remodel Your Southern Steer Business (and provide evidence of Your financial capability to make such expenditures); have the right to continue to occupy the premises for the Southern Steer Business for at least five additional years; pay the Successor Franchise Fee; execute a general release of claims against Us, Our parent, subsidiaries, affiliates, and related people; and You and Your Designated Manager must complete the required training. You will sign a new Successor Franchise Agreement which may have materially different terms and conditions than Your original Franchise Agreement. You must also have all licenses, insurance, registrations and approvals required by Us and applicable governing authorities to operate the Southern Steer Business in the Protected Area. |
| Transfer Fee | $10,000 plus our then current training fee for Transferee to attend Our Initial Training Program |
| Transfer Conditions | You must: provide Us with 30 days written notice of the transfer; pay all money owed to Us; agree in writing to observe all applicable provisions of the Franchise Agreement; sign a release between You and Us (see Exhibit E); and pay the Transfer Fee. The assignee must: meet the standards established by Us for new franchisees; sign the legal agreements required by Us; acquire the right to occupy the Site for the Southern Steer Business; acquire a valid license; and successfully complete Our Initial Training Program. |
| Termination for Cause | If You breach the Franchise Agreement. You will have 30 days to cure (unless such other period is specified in the Franchise Agreement) if You: provide false, misleading, incomplete or inaccurate information; fail to obtain the Site for the Southern Steer Business within three months of the date of the Franchise Agreement; fail to open Your Southern Steer Business by the Required Opening Date; fail to obtain licenses within 10 days before the Southern Steer Business opens; You or Your Operating Principal and Your Designated Manager fails to satisfactorily complete the Initial Training Program before the Southern Steer Business is scheduled to open; violate a law or regulation applicable to Your Southern Steer Business’s operations; violate any material provision of the Franchise Agreement or Brand Manual; fail to pay any fees or expenses due to Us or third parties (including dishonored EFT or checks); lose Your license; fail to appoint a replacement Designated Manager or Operating Principal to manage the day-to-day operations; fails to obtain prior written consents required by the Franchise Agreement; commits any other act that constitutes good cause under applicable law or court decisions; or breach any other agreement with Us. You have five days to cure a failure to pay any fees due to Us as required by the Franchise Agreement or any other agreement. Non-curable defaults include: conviction of or plead guilty or no contest to any law relating to Your Southern Steer Business; deemed insolvent or bankruptcy; assignment for benefit of creditors; abandon the business; failure to provide or permit audit of financial records; materially impair goodwill of Marks or System; violate material provision two or more times during a 12-month period or four or more times during the term; commit fraud or misrepresentation; fail or refuse to maintain insurance; divert, conceal or fail to report Gross Revenues; engage in Competitive Activity; challenge or attempt to register IP; intentionally or negligently disclose Confidential Information or Trade Secrets; violate transfer provisions; create sub-franchise; commission of a Default that is by its nature not curable; fail or refuse to comply with cleanliness/sanitation standards and not correct within 24 hours; violate health, safety, or sanitation law and not correct within 24 hours. |
| Non-Compete Period | 24 months after termination |
| Non-Compete Details | For 24 months after termination, You may not participate in any Competitive Business that is within 50 miles of the Southern Steer Business or any other Southern Steer Business, or within any Protected Area granted by Us. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | You, Your Operating Principal (if You are a corporation, limited liability company, partnership, or other entity) or Your Designated Manager must, personally participate in the day-to-day management of Your Southern Steer Business. Your Designated Manager need not own an equity interest in the Southern Steer Business; however, your Operating Principal will own an equity interest. The Designated Manager must be approved by Us. We also recommend that You hire an assistant manager to assist in the day-to-day management of Your Southern Steer Business. You or Your Operating Principal and Your Designated Manager must satisfactorily complete Our Initial Training Program, devote his/her best efforts to the operation of Your Southern Steer Business and not engage in any other business or activity, directly or indirectly, that requires substantial management responsibility or time commitments or otherwise conflicts with Your obligations under the Franchise Agreement. At all times during the operation of Your Southern Steer Business, there must be at least one person who has completed Our Initial Training Program or is otherwise certified by Us to manage a Southern Steer Business. You are required to carefully monitor and be responsible for the performance of anyone designated to manage the operation of Your Southern Steer Business. |
| Required Suppliers | Franchisee must purchase all goods, services, supplies, food products, furniture, signage, fixtures, equipment, software, POS System, third-party delivery services, inventory and supplies from vendors that We approve and who demonstrate, to Our continuing satisfaction, the ability to meet Our then-current standards. |
| Supply Restrictions | We will provide You with written standards and specifications for the layout of Your Southern Steer Business premises, decor of Your Southern Steer Business and Your Goods, Supplies and Services. We determine Our uniformity and quality standards and specifications, in Our sole discretion. We may modify Our written standards and specifications, and You must comply with any modifications. Goods, Supplies and Services must satisfy Our written standards and specifications established by Us. This requirement is necessary to ensure that You adhere to the uniformity requirements and quality standards associated with all Southern Steer Business. Additionally, food products designated by Us from time to time include or comprise Our proprietary recipes. We will provide a written list of approved suppliers for Our Goods, Supplies and Services, and will notify You of any additions to or deletions from this list. We may impose limits on the number of suppliers or brands for any Good, Supply and/or Service. If You want to purchase certain Goods, Supplies and Services that are subject to Our approved supplier requirements from a supplier who has not been previously approved by Us, then You must, request approval from Us in writing. We must approve such supplier prior to You making any purchase from such supplier. You must send Us representative samples or specifications of that supplier’s Goods, Supplies and Services and certain other information about the supplier’s business. We will also have the right to inspect the supplier’s facilities and otherwise evaluate the proposed supplier and its Goods, Supplies and Services. You must pay the cost of all inspections and evaluations, including the actual cost of any testing (See ITEM 6). The criteria for supplier approval are available to franchisees upon request. Among other things, the suppliers must have adequate quality controls, the capacity to supply Your needs promptly and reliably and must comply with Our guidelines. We reserve the right to re-inspect the facilities and Goods, Supplies and Services of any approved supplier and to revoke Our approval if the supplier fails to continue to meet any of Our then-current standards. There are certain name brand Goods, Supplies and Services that are selected by Us for consistency in quality and other considerations. To ensure that You adhere to the uniformity requirements and quality standards associated with all Southern Steer Business, You must purchase these items for Your Southern Steer Business, but You may purchase them from any approved distributor that can supply them. We will provide a written list of these selected Goods, Supplies and Services. We will also notify You of any additions to or deletions from this list. You must permit Us and Our agents, at any reasonable time, to remove a reasonable number of samples of food or non-food items from Your inventory, free of charge for testing (at Your cost) by Us or by an independent laboratory, to determine whether the samples meet Our then-current standards and specifications. |
| Franchisor Revenue from Suppliers | As of the date of this Franchise Disclosure Document neither We nor Our affiliates have derived any revenue from sales Goods, Supplies and Services. We do not currently receive payments from any designated suppliers based on purchases by You or other franchisees. However, the Franchise Agreement does not prohibit Us from doing so. We may receive income in the form of rebates, discounts, allowances or other payments or credits from designated or approved suppliers that sell products, services, equipment to franchisees and We have the right to determine how those payments will be used. In some cases, prices charged by suppliers to company or affiliate-owned Southern Steer Business may be less than prices charged to franchised Southern Steer Business based on volume, credits, administrative costs, or other factors. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | We do not offer direct or indirect financing to You. We do not guarantee any note, lease, or obligation. |
Southern Steer Business Franchise Earnings — Item 19
Average Revenue
$57.28
Median Revenue
$56.08
Revenue Range
$47.9 – $77.76
Sample Size
3 units
Past financial performance does not guarantee future results. Individual results will vary.
Southern Steer Business Litigation & Risk Flags
Clean Litigation RecordSouthern Steer Business has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Southern Steer Business System Growth
Total Units
4
Franchised
3
Company-Owned
1
Southern Steer Business currently operates 3 franchised locations and 1 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2021 | 2 | 1 | 3 |
| 2022 | 0 | 0 | 3 |
| 2023 | 1 | 0 | 4 |
Transfers: 0 | Closures: 0
State Registrations
Registered in 3 states: FL, MI, TX
Franchisor Financials (Item 21)
Revenue
$146K
Net Income
$-600,483
Total Assets
$166K
Audited by Ferland and Company CPAs for year ending September 30th.
Southern Steer Business Franchise — FAQ
The total investment to open a Southern Steer Business franchise ranges from $393,636 to $671,750, per their Franchise Disclosure Document. This includes the initial franchise fee of $59,500. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Southern Steer Business charges a royalty fee of 6% of annual Gross Revenues from $1.00 to $1,000,000; 5% from $1,000,001 to $2,000,000; and 4% from $2,000,001 and greater of gross sales, plus a 1% of weekly Gross Revenues contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Southern Steer Business Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Southern Steer Business to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Southern Steer Business franchise owners report average revenue of $57.28 and median revenue of $56.08. This is based on a sample of 3 units. Past performance does not guarantee future results.
Southern Steer Business has been franchising since 2020. The FDD shows an investment range of $393,636-$671,750, a 6% of annual Gross Revenues from $1.00 to $1,000,000; 5% from $1,000,001 to $2,000,000; and 4% from $2,000,001 and greater royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $59,500 and the total investment ranges from $393,636 to $671,750 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Southern Steer Business and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Southern Steer Business or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com