The Spice & Tea Exchange vs Southern Steer Butcher
Franchise Comparison 2026
Both The Spice & Tea Exchange and Southern Steer Butcher are food retail franchises. The Spice & Tea Exchange requires an investment of $299K – $532K while Southern Steer Butcher requires $376K – $797K. The Spice & Tea Exchange discloses average revenue of $543K; Southern Steer Butcher does not report Item 19 data. Note: Includes company-owned outlets. The Spice & Tea Exchange has SBA lending data on file with a 5.6% charge-off rate. FranchiseVerdict rates The Spice & Tea Exchange A (Strongest tier) and Southern Steer Butcher B (Above average).
| Metric | The Spice & Tea Exchange | Southern Steer Butcher |
|---|---|---|
| Verdict Grade | AStrongest tierStrongest tier | BAbove averageAbove average |
| Investment Range | $299K – $532K | $376K – $797K |
| Franchise Fee | $39K | $60K |
| Royalty Rate | greater of 7% of Gross Sales or $1,750 | 6.0% |
| Average Revenue (Item 19) | $543KIncl. company outlets | N/AIncl. company outlets |
| SBA Charge-Off Rate | 5.6% (41 loans) | Limited data |
| Total Units | 94 | 9 |
| Unit Growth (YoY) | N/A | N/A |
| Year Began Franchising | 2008 | 2020 |
| FDD Year | 2025 | 2026 |
The Spice & Tea Exchange
AStrongest tierStrongest tier
Southern Steer Butcher
BAbove averageAbove average
Investment Range
$299K – $532K
$376K – $797K
Franchise Fee
$39K
$60K
Royalty Rate
greater of 7% of Gross Sales or $1,750
6.0%
Average Revenue (Item 19)
$543KIncl. company outlets
N/AIncl. company outlets
SBA Charge-Off Rate
5.6% (41 loans)
Limited data
Total Units
94
9
Unit Growth (YoY)
N/A
N/A
Year Began Franchising
2008
2020
FDD Year
2025
2026