About Steele Management Group Franchise
Steele Management Group is a franchise opportunity in the business management and consulting sector.
The company offers systems and support for entrepreneurs who want to build a professional services practice focused on helping small and mid sized businesses improve their operations, financial performance, and growth strategies.
The franchise fee is $30,000, and the brand has been franchising since 2022.
Steele Management Group Franchise Cost & Fees
Minimum Investment
$278K
Average Investment
$428K
Maximum Investment
$578K
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $30,000 | One-time payment upon signing |
| Royalty Fee | 6% of Gross Revenue of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | 1% of Gross Revenue Monthly (can increase to 4%) | National brand fund |
| Total Investment Range | $277,500 – $578,000 | Includes build-out, inventory, working capital |
The investment range of $278K–$578K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (6% of Gross Revenue) and marketing fee (1% of Gross Revenue Monthly (can increase to 4%)) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial Franchise Fee | $30,000 | $30,000 |
| Training Expenses | $2,000 | $6,000 |
| Rent and Deposit (three months estimable ) | $24,000 | $50,000 |
| Leasehold Improvements | $50,000 | $125,000 |
| Equipment and Small Wares | $50,000 | $125,000 |
| Fixtures and Furniture | $10,000 | $15,000 |
| Signage | $8,000 | $15,000 |
| Technology and POS System | $7,000 | $10,000 |
| Office Supplies | $500 | $2,000 |
| Licenses and Permits | $500 | $2,000 |
| Legal and Accounting | $3,500 | $7,500 |
| Dues and Subscriptions | $500 | $1,000 |
| Utility Deposits | $0 | $3,500 |
| Insurance | $500 | $3,000 |
| Initial Inventory | $19,000 | $33,000 |
| Additional Funds—3 months | $72,000 | $150,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | The greater of $5,000 or 10% of the then-applicable system franchise fee |
| Renewal Fee | 10% of our then current initial franchise fee |
| Technology Fee | $500 per month |
| Audit Fee | The costs of the audit (if certain conditions met) |
| Cooperative Marketing Fees | Not to exceed 2% of Gross Revenue |
| Late fee | 10% of the amount due |
| Interest on late payments | 1.5% per month |
| Additional training fee | Not to exceed $500 per day |
| Temporary Key Manager | Currently, $500 per employee or agent for each full or partial day, plus their travel and living expenses plus our actual costs and expenses |
| Temporary Management | 5% of the Restaurant’s Gross Revenue during the period of management, plus any direct out of pocket costs and expenses |
| Seminar and Convention Fee | Then-current attendance fee |
| Sanitation and Food Safety Audits | Cost of the inspection |
| Costs and attorneys’ fees, and expert fees | Will vary under circumstances |
| Indemnification | Will vary under circumstances |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | Approximately two weeks (32 hours) |
| Classroom Training | 5 |
| On-the-Job Training | 27 |
| Training Location | Corporate headquarters in Myrtle Beach, South Carolina, or another designated location, and at your Restaurant location. |
| Additional Training | We may require you or your Controlling Person or Key Manager to attend supplemental or additional training programs, with a fee not exceeding $500 per training class. You are responsible for travel, lodging, and living expenses. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Non-exclusive Protected Territory |
| Exclusive Territory | No |
| Territory Size | Typically a 1-to-3-mile radius around your Restaurant, or 2 blocks to 1 mile in a Central Business District. |
| Description | The boundaries of your Territory may be described in terms of zip codes, streets, landmarks (both natural and man-made) or county lines, or otherwise delineated on a map. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | One additional 10-year term |
| Renewal Fee | 10% of our then current initial franchise fee |
| Renewal Conditions | Not in material default, pay renewal fee, maintain possession or secure alternative site, refurbish site or relocate to an approved site, execute current standard Franchise Agreement. |
| Transfer Fee | The greater of $5,000 or 10% of the future, then-applicable single Restaurant initial franchise fee |
| Transfer Conditions | Franchisee not in default, transferee meets franchisor standards, transferee not engaged in competitive business (except other Crazy Mason Milkshake Bar Restaurants), transferee signs current FA for remaining term or longer, transferee completes required training, transferee refurbishes Restaurant (if requested), FA terminated by mutual agreement. |
| Termination for Cause | Franchisor may terminate immediately for material misrepresentation, failure to secure approved location within 6 months, failure to open Restaurant within 12 months, bankruptcy, abandonment, lease termination without relocation, felony conviction or conduct adversely affecting goodwill, intentional under-reporting of royalty sales, violation of restrictive covenants, child labor law violations, audit revealing understatement of royalty sales, failure to dispose of interest of deceased/disabled person, multiple failures to comply with FA provisions, asset seizure, or failure to cease operations posing public health/safety threat. Franchisor may terminate after opportunity to cure for failure to maintain insurance, failure to comply with operating standards, or failure to timely pay amounts due. |
| Non-Compete Period | 2 years after termination or expiration |
| Non-Compete Details | Within 10 miles of the location of your Restaurant or within 10 miles of any Crazy Mason Milkshake Bar Restaurant in operation or under development at the time of termination or expiration. Excludes ownership of less than 10% of publicly traded stock. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | The Restaurant must be under the personal, on-premises supervision of either you, your Controlling Person, your Key Manager, or a trained attendant. The Controlling Person must actively, personally, and frequently monitor and supervise operations, have at least a 40% ownership interest, and authority over all business decisions. A trained Key Manager must be appointed to manage day-to-day business. |
| Required Suppliers | You must purchase all products and services required for the operation of your Restaurant from suppliers that we have identified and approved as meeting all of our specifications and standards or from us directly. |
| Supply Restrictions | We may in our sole and absolute discretion require that ingredients, supplies and materials used in the preparation, service or packaging of authorized food products be purchased exclusively from us, our affiliates or from approved suppliers or distributors. |
| Franchisor Revenue from Suppliers | We or our affiliates may receive revenues or profits or other material consideration from the purchases you make from us, our affiliates, or from other approved suppliers. We have not received any prior income from required franchisee purchases as of the date of this disclosure, but we reserve the right to do so in the future. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | We do not offer direct or indirect financing. We do not guarantee your note, lease, or obligation. |
Steele Management Group Franchise Earnings — Item 19
Steele Management Group does not make an Item 19 financial performance representation in their FDD. This means they do not disclose revenue, profit, or earnings data for franchised locations. Before investing, ask the franchisor directly for franchisee contact information so you can speak with existing owners about their actual financial performance.
Steele Management Group does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
Steele Management Group Litigation & Risk Flags
Clean Litigation RecordSteele Management Group has no pending litigation actions listed in their FDD. There is also no bankruptcy history disclosed.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Steele Management Group System Growth
Total Units
3
Franchised
1
Company-Owned
2
Steele Management Group currently operates 1 franchised locations and 2 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2020 | 1 | 0 | 1 |
| 2021 | 1 | 0 | 2 |
| 2022 | 1 | 0 | 3 |
Transfers: 0 | Closures: 0
State Registrations
Registered in 16 states: CA, HI, IL, IA, IN, MD, MI, MN, NY, ND, OH, RI, SD, VA, WA, WI
Franchisor Financials (Item 21)
00
Total Assets
$45K
Audited by WebsterRogers, LLP for year ending December 31.
Steele Management Group Franchise — FAQ
The total investment to open a Steele Management Group franchise ranges from $277,500 to $578,000, per their Franchise Disclosure Document. This includes the initial franchise fee of $30,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Steele Management Group charges a royalty fee of 6% of Gross Revenue of gross sales, plus a 1% of Gross Revenue Monthly (can increase to 4%) contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Steele Management Group Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Steele Management Group to ensure you have the most up-to-date version.
Steele Management Group does not provide an Item 19 financial performance representation in their FDD, which means they do not disclose franchisee revenue or earnings data. Prospective investors should contact existing franchisees directly (listed in Item 20 of the FDD) to gather real-world financial performance information.
Steele Management Group has been franchising since 2022. The FDD shows an investment range of $277,500-$578,000, a 6% of Gross Revenue royalty, and includes an Item 19 earnings disclosure. There is no pending litigation. Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $30,000 and the total investment ranges from $277,500 to $578,000 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Steele Management Group and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Steele Management Group or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com