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Franchise: Sonic Drive-In Restaurants

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)

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

Additional Training: At existing franchise location

Number of employees required to run: 25

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.

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

Units (Locations)

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

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

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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

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