Southern Steer ButcherFranchise Cost, Revenue & Review 2026
Data from FDD filing + SBA 7(a) records
FranchiseVerdict summary · 2026
A Southern Steer Butcher franchise requires a total initial investment of $376K – $797K, including a $60K franchise fee and an ongoing 6.0% royalty[2]. Per the 2026 FDD, average unit revenue was $1.7M[2]. Verdict grade: A. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2026 FDD issuance
Overview
- Investment
- $376K – $797K
- 4th pct Food Retail
- Avg gross sales
- $1.7M
- 1st pct Food Retail
- Royalty
- 6.0%
- 0th pct Food Retail
- Units
- 9
- 0th pct Food Retail
- SBA default
- 0.0%
- system-wide median varies by category
Quick verdict · Food Retail · color = vs category peers
Green = >15% above Food Retail avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
28% cash-on-cash return. Within the 15-30% range most franchise investors consider acceptable.
Bottom line
- Total investment $376K – $797K including a $60K franchise fee, 6.0% ongoing royalty.
- Average unit revenue of $1.7M/year (median $1.8M), with an estimated 28% cash-on-cash return.
- Verdict A (Top Quintile) with a risk score of 36/100.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- Southern Steer Franchising International, LLC
- Incorporated in
- FL
- HQ
- 35246 US Hwy 19N #219, Palm Harbor, FL 34684
- Auditor
- RPF Accounting Services
- Audited financials
- Franchisor revenue
- $323K
- vs $618K prior year
Independent franchisee associations
- Independent Franchisee Association
Franchisee-led councils or alliances disclosed in Item 20. Indicates operator voice.
Overview
About
Southern Steer Butcher franchisees operate full-service butcher shops specializing in premium cuts of beef, pork, and lamb. Day-to-day operations involve meat sourcing/procurement, cutting and preparation, inventory management, customer service, and local marketing. The model emphasizes quality craftmanship and direct consumer relationships rather than high-volume quick service.
- CEO
- Greg Snyder
- Headquarters
- FL
- Founded
- 2020
- FDD year
- 2026
- States available
- 3
FDD Item 7 · 2026 filing · 8 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Fee | — | — | |
| Travel and Living Expenses | — | — | |
| On-Site Assistance Fee | — | — | |
| Security and Utilities Deposits | — | — | |
| Leasehold Improvements/Construction | — | — | |
| Rentnot refundable | $4K | $9K | |
| Inventory and Supplies | — | — | |
| Furnishings, Fixtures, and Equipment | — | — | |
| Total initial investment | $4K | $9K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Single-unit · estimated
Returns at a glance
Indicative numbers using FDD Item 7 / Item 19 inputs and category-benchmarked cost ratios. Full single-unit, 25-unit portfolio, and LBO models (with every input editable to stress-test your own scenario) live on the financials page.
Store EBITDA · annual
$121K
7.0% margin
Unlevered ROIC
19%
EBITDA / total invested capital
Payback
5.2 yrs
cash-on-cash, unlevered
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $376K – $797K
- Better than avg vs category
- Liquid capital req'd
- $30K – $50K
- Better than avg vs category
- Franchise fee
- $60K – $60K
- Better than avg vs category
- Royalty
- 6.0%
- Gross Revenues · typical 6–8%
- Ad fund
- 2.0%
- typical 3–5%
- Total fee load
- 8.0%
- vs 9–13% typical
- Payback period
- 3.6 yrs
- From FDD / Item 19
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 6.0% of gross sales |
| Marketing / ad fund | 2.0% of gross sales |
| Technology fee | $311 |
| Transfer fee | $10K |
| Renewal fee | $15K |
| Total fee load | 8.0% of rev |
Financial Performance
- Avg gross sales
- $1.7M
- Per unit, per year
- Median gross sales
- $1.8M
- Avg net income
- $163K
- Cash-on-cash
- 27.8%
- Based on Net Income / investment midpoint
- Item 19 type
- Actual
- Sample size
- 5 units
- vs category median 44 · small
- Range (low → high)
- $1.1M→$2.1M
- Cohort dispersion (min → max)
- Transparency tier
- full
- Categorical assessment of disclosure depth
- Transparency
- 10 / 5
- vs category median 0 / 5 · above
Compared against 216 Food Retail brands
vs Food Retail averages
How Southern Steer Butcher Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 9
- Opened
- 2
- Last reporting year
- Closed
- 0
- Turnover rate
- 0.0%
- Company-owned
- 1
- Corporate units in the system
- % franchised
- 89%
- vs corporate-owned
- Net growth (yr3)
- +33.3%
- Net unit change last year
- 3-yr CAGR
- +166.7%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 30 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator. Not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- North Dakota
- Rhode Island
- South Dakota
- Washington
States where the franchisor is registered to sell new franchises (FDD registration filings).
Fast growth in a small system. Newer franchisors expanding quickly may not yet have the support infrastructure of larger systems.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 8 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 8
- Loan volume
- $2.8M
- Median loan
- $487K
- 50th percentile
- Charge-off rate
- 0.0%
- rates vary by category · see methodology
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- N/A
- 5-yr charge-off
- N/A
- Loans approved 2021+
- Active lenders
- 3
- Defaults
- 0
Explore lender portfolios on Bank Reports or regional data on State Reports.
Premium insight
SBA Lending Report
Deep-dive into Southern Steer Butcher's SBA lending history: lender network, geographic footprint, interest rates, and more.
SBA Lending Report
- Principal loss rate and NAICS industry benchmark
- 3 lenders with concentration factor
- Per-state charge-off rates across 5 states
- Startup risk premium and job creation velocity
- 3-year lending trend
Instant access. No subscription.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Early-stage butcher franchise with aggressive growth claims, unverified financial metrics, and high capital requirements presents moderate-to-cautious risk profile suitable only for experienced operators with local market knowledge.
Litigation (Item 3)
0 case reference(s): 3 pending, 0 settled.
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · RPF Accounting Services
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Must buy proprietary products: No
Score breakdown · what drove the 36 / 100 rating
- 01MINORRapid unit growth (33.3% YoY) with only 9 total units suggests early-stage system with unproven scalability and potential instability
- 02MEDNo Item 19 financial performance representations disclosed — cannot independently verify the $195,256 average net income claim across locations
- 03MINORHigh initial investment ($376K-$797K) relative to small system size creates concentration risk if growth stalls or franchisees underperform
- 04MINORTiered royalty structure (6%-4%) incentivizes revenue growth but may mask profitability issues at lower-revenue locations
- 05MEDSpecialty/niche butcher concept has limited addressable market compared to QSR, increasing individual unit dependency on location selection
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Allowed renewalsℹ | 1 |
| Territory type | Radius |
| Protected territory | Yes |
| Online sales rights | Restricted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 2 years |
| Right of first refusalℹ | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | Yes |
| Jury trial waiver | Yes |
| Governing law | Florida |
| Litigation count | 0 |
View Item 3 litigation summary
0 case reference(s): 3 pending, 0 settled.
Items 10, 11
Training & Operations
- Classroom training
- 10 hrs
- On-the-job training
- 87 hrs
- Training location
- On-site and corporate
- POS system
- ECRS Catapult
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: ECRS Catapult
Item 20 · call current owners
Franchisee Contacts
33 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Southern Steer Butcher · FDD (2026) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Southern Steer Butcher franchise?
The total investment to open a Southern Steer Butcher franchise ranges from $376K – $797K, with an initial franchise fee of $60K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Southern Steer Butcher franchise owners earn?
According to Item 19 of the Southern Steer Butcher FDD, the average gross sales per unit is $1.7M. The median is $1.8M. Note: this is gross revenue, not profit. Actual owner earnings vary based on location, operating costs, and management.
What is Southern Steer Butcher's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Southern Steer Butcher (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many Southern Steer Butcher franchise locations are there?
As of their most recent FDD filing, Southern Steer Butcher has 9 total units in the United States, including 3 franchised units and 1 company-owned units. 2 new units were opened in the latest reporting year.
Is Southern Steer Butcher a good franchise to buy?
FranchiseVerdict rates Southern Steer Butcher as a A-grade franchise with a risk score of 36 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.