Fund Your Franchise with Guidant

Guidant Financal Learn how to invest your IRA or 401k into a franchise. ($50k min)

Promoted Opportunities

Sonic Drive-In Restaurants
#39

Initial Investment

LOW: $1,023,000
HIGH: $1,765,000

Change in Units

+0.2% +8 UNITS (1 Year)
-0.8% -30 UNITS (3 Years)

Company Profile

Founded

1953

Franchising Since

1959 (58 Years)

Corporate Address

300 Johnny Bench Dr. Oklahoma City, OK 73104

CEO

Cliff Hudson

Parent Company

Sonic Corp.

Ticker Symbol

About Sonic Drive-In Restaurants

Sonic first opened in 1953 as Top Hat Drive-In in Shawnee, Oklahoma, with Troy Smith Sr. at the helm. He later partnered with Charlie Pappe and they began franchising in 1959 under the Sonic Drive-In name. Sonic's car-hops deliver burger, hot dogs, chicken sandwiches, tater tots, onion rings, fries, drinks, desserts and breakfast to customers.

Financials

Financial Requirements

Initial Investment

$1,023,000 - $1,765,000

Net-worth Requirement

$1,000,000 - $2,000,000

Liquid Cash Requirement

$500,000 - $2,000,000

Ongoing Fees

Initial Franchise Fee

$45,000 - $45,000

Ongoing Royalty Fee

5%

Ad Royalty Fee

3.25-5%

Financing Options

Sonic Drive-In Restaurants has relationships with third-party sources which offer financing to cover the following: 
franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Units (Locations)

Where Seeking Franchisees:
Franchisor is seeking new franchise units throughout the U.S.

Operations & Franchisor Support

Additional Training: At existing franchise location

Ongoing Support
Purchasing Co-ops
Newsletter
Meetings
Toll-Free Line
Grand Opening
Internet
Security
Field Operations

Marketing Support
Co-op Advertising
Ad Slicks
National Media
Regional Media

Number of employees required to run: 25

Related Franchises

Related Articles

Titans of Franchising Reveal Their Secrets for Long-Term Success

Titans of Franchising Reveal Their Secrets for Long-Term Success

Paradoxically, a stable business is one that constantly reinvents itself to meet changing customer needs.
Tom Scarda, CFE
Bringing Brand To a New Market

Bringing Brand To a New Market

In franchise or dealership model you have to maintain the goodwill of the brand along with creating performance standards in terms of quality of products
Nidhi Singh
5 Tips for Hiring a Franchise Business Coach

5 Tips for Hiring a Franchise Business Coach

If you're considering hiring a mentor for your franchise business, consider this key factors.
Rick Grossmann
How Owning These 5 Finance Franchises Can Help People Invest in Their Future

How Owning These 5 Finance Franchises Can Help People Invest in Their Future

Don't just sell a product -- make a tangible difference in someone's life.
Matthew McCreary
6 Legalese Terms Every Franchisee Should Understand

6 Legalese Terms Every Franchisee Should Understand

Make sure you understand contract jargon before signing your life away.
Rick Grossmann

Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.

Updated: October 26th, 2016

Reprints & Licensing
Update Your Listing
Submit New Listing
OK

This website uses cookies to allow us to see how our website and related online services are being used. By continuing to use this website, you consent to our cookie collection. More information about how we collect cookies is found here.

Regions/States List

More Franchise Rankings

Top Low-Cost Franchises

100 franchises for under $60,000

Top Homebased/Mobile Franchises

These 100 businesses can be managed from home

Fastest-Growing Franchises

These companies have shown rapid unit expansion over the last two years

Top New Franchises

The top 100 companies that began franchising in the last five years

Top Global Franchises

200 North American franchisors seeking international franchisees

For reprints and licensing questions, click here.

Previous Years Rankings

2016 2015 2014 2013 2012