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    Franchise opportunities compared

    Southern Steer Butcher vs Spice Tea Exchange

    Reviewed figures from each brand's Franchise Disclosure Document (FDD), side by side. Each figure carries its FDD year and page. This is not a ranking or recommendation, and the two FDDs may cover different years and location groups.

    Southern Steer Butcher2026 FDDSpice Tea Exchange2026 FDD

    Initial investment · Item 7

    Southern Steer Butcher

    $376,223 – $2,364,529

    2026 FDD · Item 7

    Spice Tea Exchange

    $312,900

    2026 FDD · Item 7 · PDF p. 19

    Initial franchise fee · Item 5

    Southern Steer Butcher

    $59,500

    2026 FDD · Item 5 · PDF p. 9

    Spice Tea Exchange

    Not available

    Royalty · Item 6

    Southern Steer Butcher

    6%

    2026 FDD · Item 6 · PDF p. 11

    Spice Tea Exchange

    7%

    2026 FDD · Item 6 · PDF p. 12

    Before you compare

    • Both sets of figures come from 2026 FDDs.
    • Southern Steer Butcher discloses more than one business format, so the investment range spans formats; the full report breaks them out.
    • Item 19 figures cover the location groups each FDD names (Southern Steer Butcher: 172, Spice Tea Exchange: 1). Different groups are not directly comparable.

    Financial commitment

    Estimated initial investment (Item 7)

    Southern Steer Butcher

    $376,223 – $2,364,529
    2026 FDD · Item 7

    Spice Tea Exchange

    $312,900
    Total initial investment excluding real-estate/building purchase
    2026 FDD · Item 7 · PDF p. 19
    Standard initial franchise fee (Item 5)

    Southern Steer Butcher

    $59,500
    2026 FDD · Item 5 · PDF p. 9

    Spice Tea Exchange

    Not available
    No single standard fee identified
    Royalty (Item 6)

    Southern Steer Butcher

    6%
    Royalty — tier 1 rate
    2026 FDD · Item 6 · PDF p. 11

    Spice Tea Exchange

    7%
    Royalty — gross sales monthly or minimum
    2026 FDD · Item 6 · PDF p. 12
    Brand / advertising fund (Item 6)

    Southern Steer Butcher

    2%
    Brand Fund Contribution — 2%
    2026 FDD · Item 6 · PDF p. 11

    Spice Tea Exchange

    Not available
    No reviewed brand or advertising fund fee

    System scale & health

    Total outlets (Item 20)

    Southern Steer Butcher

    9
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 57

    Spice Tea Exchange

    98
    Outlets at end of 2025
    2026 FDD · Item 20 · PDF p. 59
    Net outlet change (Item 20)

    Southern Steer Butcher

    +5
    Calculated: 4 at end of 2023 → 9 at end of 2025

    Spice Tea Exchange

    +8
    Calculated: 90 at end of 2023 → 98 at end of 2025
    Outlet exits (Item 20)

    Southern Steer Butcher

    Not available
    No complete exit records for a year

    Spice Tea Exchange

    Not available
    No complete exit records for a year
    Franchising since (Item 1)

    Southern Steer Butcher

    Not available
    Not in reviewed records

    Spice Tea Exchange

    Not available
    Not in reviewed records
    Franchisor founded (Item 1)

    Southern Steer Butcher

    Not available
    Not in reviewed records

    Spice Tea Exchange

    Not available
    Not in reviewed records

    Financial performance (Item 19), by location group

    Southern Steer Butcher
    Locations counted not stated in the reviewed record — Franchisee-operated Ocoee, Florida location; January 1–December 31, 2025; Net I…
    $162,923
    other Ocoee
    2026 FDD · Item 19 · PDF p. 54
    Locations counted not stated in the reviewed record — Franchisee-operated Jacksonville, Florida location; January 1–December 31, 2025…
    $16,725
    other Jacksonville
    2026 FDD · Item 19 · PDF p. 53
    Locations counted not stated in the reviewed record — Franchisee-operated St. Petersburg, Florida location; January 1–December 31, 20…
    $182,135
    other St. Petersburg
    2026 FDD · Item 19 · PDF p. 54
    +169 more groups in the full report
    Spice Tea Exchange
    Locations counted not stated in the reviewed record
    8.7 percent
    other company
    2026 FDD · Item 19 · PDF p. 56

    Item 19 groups are shown separately and never combined. Revenue or sales figures are not profit. Net outlet change and turnover are Franopolis calculations from the disclosed counts; turnover is a count-based rate, not a measure of owner earnings.

    Southern Steer Butcher vs Spice Tea Exchange: common questions

    Which costs less to open, Southern Steer Butcher or Spice Tea Exchange?
    Southern Steer Butcher: $376,223 – $2,364,529 (2026 FDD · Item 7); Spice Tea Exchange: $312,900 (2026 FDD · Item 7 · PDF p. 19). These are each franchisor's Item 7 estimated initial investment. The low end of the disclosed estimate is lower for Spice Tea Exchange. At least one range spans several business formats. Estimates are not quotes, and the FDD years may differ.
    How do Southern Steer Butcher and Spice Tea Exchange royalties compare?
    Southern Steer Butcher: 6% (2026 FDD · Item 6 · PDF p. 11); Spice Tea Exchange: 7% (2026 FDD · Item 6 · PDF p. 12). Royalties as disclosed in Item 6; other recurring fees are listed separately.
    Which has more locations, Southern Steer Butcher or Spice Tea Exchange?
    Southern Steer Butcher: 9 (2026 FDD · Item 20 · PDF p. 57); Spice Tea Exchange: 98 (2026 FDD · Item 20 · PDF p. 59). Total outlets from Item 20. Outlet counts do not indicate territory availability or franchisee results.
    Do Southern Steer Butcher and Spice Tea Exchange disclose financial performance (Item 19)?
    Southern Steer Butcher has reviewed Item 19 figures for 172 location groups; Spice Tea Exchange has reviewed Item 19 figures for 1 location group. Different location groups are not directly comparable, and revenue is not profit.

    Answers restate the reviewed figures above. Not a ranking or recommendation.

    How Franopolis reviews FDD figures

    Keep researching

    Full Southern Steer Butcher report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

    Full Spice Tea Exchange report

    Every reviewed fee, Item 19 group, outlet table and territory disclosure

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