Get All Access for $5/mo

Sonic Moving Into Mexico <b></b>

Oklahoma City-The ultimate American drive-in diningexperience will go international for the first time in 2001 whenSonic Corp. cruises into Northern Mexico later this year.

The Mexican holding company, Fidelity de Mexico, S. de R.L. deC.V., comprising a select group of franchisees owning more than 300Sonic Drive-Ins throughout Texas, Oklahoma, Tennessee and Arizona,will open its first Mexican drive-in location in Monterrey, withfurther expansion into Mexico planned through 2003.

Monterrey was chosen because of its fast-growing population,increasing affluence and its status as the country's industrialcenter.

"We truly believe Mexico is ready for the Sonicbrand," said Mario Guajardo, manager of the investment trio."Sonic Drive-Ins fill a niche not offered by other businessesin Mexico: high-quality food, unique menu items and personalizedcar-hop service. That formula has made Sonic successful in theUnited States and should continue into Mexico."

While the Monterrey Sonic will be identical to Americanlocations in most ways, special care has been taken to tailor theconcept to Mexican palates. The menu will be printed in Spanish andwill feature some locally preferred soft drinks and a variety ofsalsas. -Business Wire

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Business News

'I'm Not Trying to Land on Mars': Mark Cuban Takes Dig at Elon Musk to Explain Why His Online Pharmacy Isn't Trying to Make More Money

Mark Cuban Cost Plus Drug Co. is an online pharmacy co-founded by Cuban and radiologist Alex Oshmyansky.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

'It's Not About You': How to Fire Someone Effectively, According to Kevin O'Leary

O'Leary says that if you can't fire someone, you aren't the right leader for the organization.

Business News

Meta Makes $1 Million Dollar Donation to Donald Trump's Inaugural Fund

Meta CEO Mark Zuckerberg also reportedly gave Trump a pair of Ray-Ban Meta smart glasses.

Leadership

Should I Stay or Should I Go? 8 Key Points to Navigate the Founder's Dilemma

Here are eight key signs that help founders determine whether to persevere or let go.