Southern Steer Butcher vs The Spice & Tea Exchange
Franchise Comparison 2026
Both Southern Steer Butcher and The Spice & Tea Exchange are food retail franchises. Southern Steer Butcher requires an investment of $376K – $797K while The Spice & Tea Exchange requires $299K – $532K. The Spice & Tea Exchange discloses average revenue of $543K; no Item 19 revenue figure is on file for Southern Steer Butcher. Note: Includes company-owned outlets. The Spice & Tea Exchange has SBA lending data on file with a 5.6% charge-off rate. FranchiseVerdict rates Southern Steer Butcher B (Above average) and The Spice & Tea Exchange A (Strongest tier).
| Metric | Southern Steer Butcher | The Spice & Tea Exchange |
|---|---|---|
| Verdict Grade | BAbove average | AStrongest tier |
| Investment Range | $376K – $797K | $299K – $532K |
| Franchise Fee | $60K | $39K |
| Royalty Rate | 6.0% | 7.0% |
| Average Revenue (Item 19) | N/A | $543KIncl. company outlets |
| SBA Charge-Off Rate | Limited data | 5.6% (41 loans) |
| Total Units | 9 | 94 |
| Unit Growth (YoY) | +2 units | +4 units |
| Year Began Franchising | 2020 | 2008 |
| FDD Year | 2026 | 2025 |
Investment Range
$376K – $797K
$299K – $532K
Franchise Fee
$60K
$39K
Royalty Rate
6.0%
7.0%
Average Revenue (Item 19)
N/A
$543KIncl. company outlets
SBA Charge-Off Rate
Limited data
5.6% (41 loans)
Total Units
9
94
Unit Growth (YoY)
+2 units
+4 units
Year Began Franchising
2020
2008
FDD Year
2026
2025