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    Southern Steer

    Franchise research report · reviewed 2026 disclosure data

    Researching Southern Steer franchise opportunities? Every figure below is cited to the FDD.

    Reviewed sources

    Southern Steer franchise specializes in casual dining with a focus on steaks, burgers, and comfort food served in a family-friendly atmosphere.

    Headline figures

    Quick facts

    How much does it cost to open a Southern Steer franchise?
    The Southern Steer Franchise Disclosure Document reports an estimated initial investment of $376,223 (2026 FDD, Item 7, PDF p. 17). This is the franchisor's disclosed estimate, not a quote. Details
    What is the Southern Steer initial franchise fee?
    The disclosed initial franchise fee for a standard single unit is $59,500 (2026 FDD, Item 5, PDF p. 10). Other fee options (for example multi-unit or conversion) are listed separately in the report. Details
    What ongoing fees does Southern Steer charge?
    The disclosed ongoing royalty is 1 3 ) — 250 (2026 FDD, Item 6, PDF p. 14). The brand or advertising fund contribution is 3) — 2% (2026 FDD, Item 6, PDF p. 11). Other recurring fees are listed in Item 6. Details
    Does Southern Steer disclose financial performance (Item 19)?
    Yes. The Southern Steer FDD includes an Item 19 financial performance representation (2026 FDD, Item 19, PDF p. 53). Figures apply only to the locations and period each one covers. Details
    How many Southern Steer locations are there?
    The FDD reports 18 outlets at the end of 2025 (2026 FDD, Item 20, PDF p. 57). Existing locations do not indicate territory availability. Details

    From reviewed FDD figures only. Not a recommendation or projection.

    What the disclosures show

    1. 1Opening costs are estimated at $376,223 in the 2026 FDD (Item 7); several initial fee options apply.
    2. 2Item 19 covers 8 separate groups: other measures for 1 Franchised locations; other measures for 1 Affiliate locations; other measures for 1 Franchised locations; other measures for 1 Franchised locations; other measures for 1 Franchised locations; revenue and other measures and profit for 1 Franchised locations; profit and revenue for 1 Franchised locations; other measures for 1 Affiliate locations. They are not combined.
    3. 3Outlets grew by 4 in 2025, to 18 (United States, as labeled in the FDD, Item 20).

    From reviewed FDD figures only. Not a recommendation or projection.

    Costs · Items 5–7

    What does it cost to open?

    Estimated opening costs and the fees payable to the franchisor.

    Startup Investment — Item 7

    Total estimated initial investment

    2026 FDD · Item 7 · PDF p. 17

    Standard single-unit franchise fee

    2026 FDD · Item 5 · PDF p. 10
    Discounted and multi-unit options are separate; see all fees.

    Ongoing Fees — Item 6

    Selected recurring charges; payment bases and conditions remain attached to each fee.

    on to the Royalty Fee and Brand Fund Contribution, if any. Liquidated DamagesMain ongoing fee

    42 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.

    Financial Performance — Item 19

    What results are disclosed—and for which locations?

    8 separate populations, shown apart. Revenue is not owner income.

    Locations counted: not stated in the reviewed record

    Other measures · 1 locations

    Who is counted
    St. Petersburg
    Period
    Insurance Total General Liability/Property Insurance/Worker s Comp Insurance percent
    Excluded
    Nonqualifyinghistory/missingfinancialsexcluded. Item19says12franchise+1affiliateDec31,Item20FYendsSep30shows8+1;periodsnotcombined.
    Method
    Fullreportingyear,≥1year,financialsprovidedbyFDD;5qualify(42%)4franchise1affiliate;grosssalesincludeloyaltydiscountsdeductedasexpense;laborhourly/manager/assistantnotgeneralmanager/admin/payrolltaxbenefits;netincomeexownerpay,incometaxes,payrolltaxes,travel,benefits,bonus,amortization,interest,disability/healthinsurance;imputedroyaltiesillustrativenotpaid;brandfundnotestablished.

    Locations counted: not stated in the reviewed record

    Other measures · 1 locations

    Who is counted
    Clearwater Florida
    Period
    99 100% Costs of Goods Sold $1,186,258.85 56% Gross Profit (2) $932,296.14 Gross Profit Margin
    Excluded
    Nonqualifyinghistory/missingfinancialsexcluded. Item19says12franchise+1affiliateDec31,Item20FYendsSep30shows8+1;periodsnotcombined.
    Method
    Fullreportingyear,≥1year,financialsprovidedbyFDD;5qualify(42%)4franchise1affiliate;grosssalesincludeloyaltydiscountsdeductedasexpense;laborhourly/manager/assistantnotgeneralmanager/admin/payrolltaxbenefits;netincomeexownerpay,incometaxes,payrolltaxes,travel,benefits,bonus,amortization,interest,disability/healthinsurance;imputedroyaltiesillustrativenotpaid;brandfundnotestablished.

    Locations counted: not stated in the reviewed record

    Other measures · 1 locations

    Who is counted
    Ocoee
    Period
    Insurance Total General Liability/Property Insurance/Worker s Comp Insurance amount
    Excluded
    Nonqualifyinghistory/missingfinancialsexcluded. Item19says12franchise+1affiliateDec31,Item20FYendsSep30shows8+1;periodsnotcombined.
    Method
    Fullreportingyear,≥1year,financialsprovidedbyFDD;5qualify(42%)4franchise1affiliate;grosssalesincludeloyaltydiscountsdeductedasexpense;laborhourly/manager/assistantnotgeneralmanager/admin/payrolltaxbenefits;netincomeexownerpay,incometaxes,payrolltaxes,travel,benefits,bonus,amortization,interest,disability/healthinsurance;imputedroyaltiesillustrativenotpaid;brandfundnotestablished.

    Locations counted: not stated in the reviewed record

    Other measures · 1 locations

    Who is counted
    Sarasota
    Period
    Petersburg Jacksonville Total Gross Sales (1) percent
    Excluded
    Nonqualifyinghistory/missingfinancialsexcluded. Item19says12franchise+1affiliateDec31,Item20FYendsSep30shows8+1;periodsnotcombined.
    Method
    Fullreportingyear,≥1year,financialsprovidedbyFDD;5qualify(42%)4franchise1affiliate;grosssalesincludeloyaltydiscountsdeductedasexpense;laborhourly/manager/assistantnotgeneralmanager/admin/payrolltaxbenefits;netincomeexownerpay,incometaxes,payrolltaxes,travel,benefits,bonus,amortization,interest,disability/healthinsurance;imputedroyaltiesillustrativenotpaid;brandfundnotestablished.

    Locations counted: not stated in the reviewed record

    Other measures · 1 locations

    Who is counted
    Jacksonville
    Period
    Gross Profit (2) amount
    Excluded
    Nonqualifyinghistory/missingfinancialsexcluded. Item19says12franchise+1affiliateDec31,Item20FYendsSep30shows8+1;periodsnotcombined.
    Method
    Fullreportingyear,≥1year,financialsprovidedbyFDD;5qualify(42%)4franchise1affiliate;grosssalesincludeloyaltydiscountsdeductedasexpense;laborhourly/manager/assistantnotgeneralmanager/admin/payrolltaxbenefits;netincomeexownerpay,incometaxes,payrolltaxes,travel,benefits,bonus,amortization,interest,disability/healthinsurance;imputedroyaltiesillustrativenotpaid;brandfundnotestablished.

    Locations counted: not stated in the reviewed record

    Revenue, profit and other measures · 1 locations

    Who is counted
    Ocoee — imputedfees/adjustedincome
    Period
    20815.28
    Excluded
    Nonqualifyinghistory/missingfinancialsexcluded. Item19says12franchise+1affiliateDec31,Item20FYendsSep30shows8+1;periodsnotcombined.
    Method
    Fullreportingyear,≥1year,financialsprovidedbyFDD;5qualify(42%)4franchise1affiliate;grosssalesincludeloyaltydiscountsdeductedasexpense;laborhourly/manager/assistantnotgeneralmanager/admin/payrolltaxbenefits;netincomeexownerpay,incometaxes,payrolltaxes,travel,benefits,bonus,amortization,interest,disability/healthinsurance;imputedroyaltiesillustrativenotpaid;brandfundnotestablished.

    Locations counted: not stated in the reviewed record

    Profit and revenue · 1 locations

    Who is counted
    Sarasota — imputedfees/adjustedincome
    Period
    314390.68
    Excluded
    Nonqualifyinghistory/missingfinancialsexcluded. Item19says12franchise+1affiliateDec31,Item20FYendsSep30shows8+1;periodsnotcombined.
    Method
    Fullreportingyear,≥1year,financialsprovidedbyFDD;5qualify(42%)4franchise1affiliate;grosssalesincludeloyaltydiscountsdeductedasexpense;laborhourly/manager/assistantnotgeneralmanager/admin/payrolltaxbenefits;netincomeexownerpay,incometaxes,payrolltaxes,travel,benefits,bonus,amortization,interest,disability/healthinsurance;imputedroyaltiesillustrativenotpaid;brandfundnotestablished.

    Locations counted: not stated in the reviewed record

    Other measures · 1 locations

    Who is counted
    Clearwater
    Period
    Yearoveryeargrowth
    Excluded
    Nonqualifyinghistory/missingfinancialsexcluded. Item19says12franchise+1affiliateDec31,Item20FYendsSep30shows8+1;periodsnotcombined.
    Method
    Fullreportingyear,≥1year,financialsprovidedbyFDD;5qualify(42%)4franchise1affiliate;grosssalesincludeloyaltydiscountsdeductedasexpense;laborhourly/manager/assistantnotgeneralmanager/admin/payrolltaxbenefits;netincomeexownerpay,incometaxes,payrolltaxes,travel,benefits,bonus,amortization,interest,disability/healthinsurance;imputedroyaltiesillustrativenotpaid;brandfundnotestablished. St.PetersburgopenedlateJan2024.

    These groups are never combined.

    Outlet Changes — Item 20

    How has the outlet count changed?

    United States, as labeled in the FDD · counts as of 202 5fiscalyearSeptember30 of each year.

    2026 FDD · Item 20 · PDF p. 57

    Net +10 outlets, 2023–2025

    082023142024182025+6+4

    Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2025 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.

    Questions to investigate

    Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.

    For the franchisor

    • Which line items in the 2026 Item 7 estimate ($376,223) vary most by market, and why?

    • Which initial fee option would apply to my situation, and what conditions or discounts affect it?

    • Which locations are included in the Item 19 figures, and which were excluded?

    • Reported units went from 14 to 18 in 2025. How many new units opened, closed or changed hands?

    • Is a territory available in my area, and how is it defined in my agreement?

    For current and former owners

    • How did your actual startup costs and timeline compare with the Item 7 estimate?

    • How many hours a week do you work in the business, and in what role?

    • How do your results compare with the Item 19 figures, and what explains the difference?

    • What support from the franchisor has been most and least useful?

    For your advisors

    • Ask a franchise attorney to review the territory, renewal, transfer and termination terms.

    • Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.

    Sources & vintage history

    Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.

    Citations (2026 FDD)

    1. [1]Estimated initial investment — Item 7 · PDF p. 17
    2. [2]Standard initial franchise fee — Item 5 · PDF p. 10
    3. [3]Item 19 — Locations counted not stated in the reviewed record — St. Petersburg · PDF p. 53; PDF p. 52; PDF p. 55; PDF p. 54
    4. [4]Item 19 — Locations counted not stated in the reviewed record — Clearwater Florida · PDF p. 50; PDF p. 51
    5. [5]Item 19 — Locations counted not stated in the reviewed record — Ocoee · PDF p. 53; PDF p. 52; PDF p. 54; PDF p. 55
    6. [6]Item 19 — Locations counted not stated in the reviewed record — Sarasota · PDF p. 52; PDF p. 53; PDF p. 54; PDF p. 55
    7. [7]Item 19 — Locations counted not stated in the reviewed record — Jacksonville · PDF p. 52; PDF p. 53; PDF p. 54; PDF p. 55
    8. [8]Item 19 — Locations counted not stated in the reviewed record — Ocoee — imputedfees/adjustedincome · PDF p. 54
    9. [9]Item 19 — Locations counted not stated in the reviewed record — Sarasota — imputedfees/adjustedincome · PDF p. 54
    10. [10]Item 19 — Locations counted not stated in the reviewed record — Clearwater · PDF p. 55
    11. [11]Outlet counts — Item 20, Table 1 · PDF p. 57

    "PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page. Source document: FDD

    Territory & operations

    25 addresses in Franopolis's imported location list. Coverage may differ from Item 20 outlet counts.

    These are contract disclosures, not confirmation that any territory is currently available.

    Legal & agreement

    Franchisor financial statements

    Fiscal yearMeasureReported value
    2025cash$99,589
    2025total current assets$598,797
    2025prepaid commissions, related to long-term liabilities$428,800
    2025total members' deficiency-$111,821
    2025total current liabilities$594,768
    2025accumulated deficiency-$1,602,659
    2025preferred units$365,000
    2025total operating expenses$1,166,160
    2025accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$1,379
    2025deferred revenuesMore than one value recorded for this year — open the FDD source before comparing$939,409
    2025computer / software$106,389
    2025accounts receivableMore than one value recorded for this year — open the FDD source before comparing$20,374
    2025net cash used by operating activities-$367,905
    2025401k contributions due to agency$1,109
    2025accounts payableMore than one value recorded for this year — open the FDD source before comparing$500
    2025note payable - j lapointe$321,000
    2025florida department of revenue payable$1,438
    2025cost of goods sold shipping$580
    2025commissions - fastlane$47,600
    2025advertising & marketing - corp$42,547
    2025meals & entertainment$1,098
    2025royalty income$56,794
    2025bank charges & fees$313
    2025employee wages$65,282
    2025employer taxes$4,981
    2025quickbooks payments fees$496
    2025taxes & licenses$21
    2025travel$22,232
    2025utilities$581
    2025accounts receivableMore than one value recorded for this year — open the FDD source before comparing$11,258
    2025prepaid commissionsMore than one value recorded for this year — open the FDD source before comparing$487,950
    2025total assets$1,027,597
    2025accounts payableMore than one value recorded for this year — open the FDD source before comparing$750
    2025accrued expensesMore than one value recorded for this year — open the FDD source before comparing$15,018
    2025deferred revenuesMore than one value recorded for this year — open the FDD source before comparing$579,000
    2025deferred revenues, net of current$544,650
    2025total liabilities$1,139,418
    2025contributed capital$1,125,838
    2025equipment$104,143
    2025franchise fees$139,741
    2025royalty and advertising fees$463,392
    2025equipment sold, net-$357
    2025other fees and reimbursements$14,729
    2025total franchise fees revenues$617,505
    2025payroll and related expenses$381,621
    2025consulting and professional services$265,694
    2025costs of franchising$112,792
    2025selling, general and administrative$406,053
    2025loss from operations-$548,655
    2025interest incomeMore than one value recorded for this year — open the FDD source before comparing$9
    2025net loss-$548,646
    2025prepaid commissionsMore than one value recorded for this year — open the FDD source before comparing-$765,358
    2025accounts payableMore than one value recorded for this year — open the FDD source before comparing$500
    2025accrued expensesMore than one value recorded for this year — open the FDD source before comparing$7,569
    2025payments from members$444,000
    2025net cash provided by financing activities$444,000
    2025net increase$76,095
    2025note payable - g snyder$14,000
    2025other current assets$0
    2025undeposited funds$0
    2025organizational costs$40,185
    2025note payable- w bacdayan$321,589
    2025ad/mkt fund income$18,580
    2025franchise fee income$59,500
    2025interest incomeMore than one value recorded for this year — open the FDD source before comparing$1
    2025misc income$24,294
    2025fastlane other expenses$39,905
    2025insurance$1,134
    2025advertising & marketing - zees$13,769
    2025insurance - health$14,271
    2025legal & professional services$41,159
    2025office supplies & software$1,957
    2025operating supplies$2,794
    2024prepaid commissionsMore than one value recorded for this year — open the FDD source before comparing$111,792
    2024total assets$184,765
    2024deferred revenuesMore than one value recorded for this year — open the FDD source before comparing$134,741
    2024total current liabilities$142,440
    2024preferred units$365,000
    2024accumulated deficiency-$1,054,013
    2024equipment sold, net$1,068
    2024total operating expenses$629,819
    2024accounts receivable, territory$20,000
    2024deferred revenuesMore than one value recorded for this year — open the FDD source before comparing-$36,834
    2024net cash used by operating activities-$385,563
    2024net increase-$20,223
    2024cash$23,494
    2024accounts receivableMore than one value recorded for this year — open the FDD source before comparing$9,879
    2024total current assets$145,165
    2024prepaid commissions, related to long-term liabilities$39,600
    2024accounts payableMore than one value recorded for this year — open the FDD source before comparing$250
    2024accrued expensesMore than one value recorded for this year — open the FDD source before comparing$7,449
    2024deferred revenues, net of current$49,500
    2024total liabilities$191,940
    2024contributed capital$681,838
    2024total members' deficiency-$7,175
    2024franchise fees$135,834
    2024royalty and advertising fees$169,046
    2024other fees and reimbursements$17,408
    2024total franchise fees revenues$323,356
    2024payroll and related expenses$190,412
    2024consulting and professional services$149,465
    2024costs of franchising$79,200
    2024selling, general and administrative$210,742
    2024loss from operations-$306,463
    2024interest income$9
    2024net loss-$306,454
    2024accounts receivableMore than one value recorded for this year — open the FDD source before comparing-$8,264
    2024prepaid commissionsMore than one value recorded for this year — open the FDD source before comparing-$53,951
    2024accounts payableMore than one value recorded for this year — open the FDD source before comparing$250
    2024accrued expensesMore than one value recorded for this year — open the FDD source before comparing-$310
    2024payments to members-$1,411
    2024payments from members$2,000
    2024proceeds from sale of preferred stock$365,000
    2024payments to line of credit-$249
    2024net cash provided by financing activities$365,340
    2023royalty and advertising fees$77,828
    2023equipment sold, net$8,125
    2023total franchise fees revenues$146,254
    2023members' deficiency, beginning-$244,517
    2023interest income$37
    2023members' deficiency, ending-$747,559
    2023accrued expenses$1,836
    2023deferred revenues$161,075
    2023accounts payable-$12,320
    2023inventory$90,590
    2023net increase-$384,233
    2023net cash used by operating activities-$380,731
    2023selling, general and administrative$204,775
    2023franchise fees$60,000
    2023other fees and reimbursements$301
    2023payroll and related expenses$169,734
    2023consulting and professional services$167,917
    2023costs of franchising$106,907
    2023total operating expenses$649,333
    2023loss from operations-$503,079
    2023net loss-$503,042
    2023accounts receivable-$1,429
    2023accounts receivable, territory-$20,000
    2023prepaid commissions-$97,441
    2023payments to members-$3,500
    2023payments to line of credit-$2
    2023net cash provided by financing activities-$3,502
    2023cash, beginning of year$427,950
    2023cash, end of year$43,717
    —401k er match$2,034

    These figures describe the franchisor company, not individual franchise locations.

    SBA-backed loans to franchisees

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    Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.

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    At a glance

    Business history

    Not reviewed

    Owner participation

    Not reviewed

    Territory language

    Not reviewed

    Litigation disclosure

    Not reviewed

    Bankruptcy disclosure

    Not reviewed

    Agreement term

    Not reviewed

    Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.