Over three million customers choose SONIC every day. Building strong relationships with customers and franchisees is key factor for the success of the company. It has the highest rate of customer frequency in the industry and 60% of all franchisees own more than one restaurant.
Full Answer
How many Sonics are franchised?
3,534Facts & FiguresLiquid capital required$1,000,000Royalty2.5% - 5.0%Units in operation3,534Founded1953Franchising Since19593 more rows
How much does a SONIC owner make?
Average Sonic Drive-In Owner Operator Driver yearly pay in the United States is approximately $68,269, which is 66% below the national average. Salary information comes from 20 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months.
Are SONIC's individually owned?
Sonic Drive-In has over 3,500 locations nationwide, almost 90% of which are franchised.
How much does it cost to be a franchise owner of SONIC?
The license fee for a traditional SONIC restaurant is $45,000, with a total investment ranging from $1,242,200 to $3,537,700 (excluding land). The license fee for a non-traditional SONIC restaurant is $22,500, with a total investment ranging from $361,900 to $978,700 (excluding land).
What franchise is the most profitable?
Most Profitable FranchisesDunkin'7-Eleven.Planet Fitness.JAN-PRO.Taco Bell.Orangetheory Fitness.Great Clips.Mac Tools.More items...•
How much does it cost to put in a SONIC?
To operate a Sonic Drive-In, you're required to have a liquid capital of $500,000 and a minimum net worth of $1,000,000. The estimated investment to open a traditional Sonic Drive-In is $1,242,200 to $3,537,700. The franchise fee for a traditional unit is $45,000.
Are SONIC restaurants franchised?
With an adaptable model, industry-leading technology and pent-up demand in markets nationwide, SONIC offers multi-unit franchise owners like you a path to limitless possibilities.
Can I buy SONIC stock?
Sonic trades on the NASDAQ under the ticker symbol "SONC." What is Sonic's stock price today? One share of SONC stock can currently be purchased for approximately $43.49.
What is the oldest fast food restaurant?
White CastleMost historians agree that the American company White Castle was the first fast-food outlet, starting in Wichita, Kansas in 1916 with food stands and founding in 1921, selling hamburgers for five cents apiece from its inception and spawning numerous competitors and emulators.
How much does a McDonald's franchise cost?
McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.
How much land do you need to build a Sonic?
Traditional Sonic Drive-In. A Traditional Free-Standing Restaurant is a Sonic Drive-In located on a lot size ranging between 24,000 to 34,000 square feet and suitable for constructing a 1,150 to 1,500 square-foot Sonic Restaurant building with canopies for 8 to 24 drive-in stalls, a drive-thru lane, and patio seating.
What is the cost of a Starbucks franchise?
What are the Financial requirements for a Starbucks licensed store? You need to pay the licensing fee of between $50,000 – $315,000 and you must have over $1,000,000 in liquid assets to be considered for a licensed store by Starbucks.
Is Sonic the Hedgehog a good franchise?
Sonic the Hedgehog is Sega's flagship franchise and one of the bestselling video game franchises, selling over 140 million units by 2016 and grossing over $6 billion as of 2020. Series sales and free-to-play mobile game downloads totaled 1.14 billion as of 2020.
Who is the CEO of SONIC?
J. Clifford Hudson (Apr 1995–)Sonic Drive-In / CEOJ. Clifford Hudson is an American business executive best known for serving as chairman of the board and chief executive officer of Oklahoma City-based Sonic Corp. He also served as a trustee of the Ford Foundation and is a past chairman of the board of the National Trust for Historic Preservation. Wikipedia
Who owns SONIC now?
Inspire BrandsSonic Drive-In / Parent organizationSonic Corporation, founded as Sonic Drive-In and more commonly known as Sonic (stylized as SONIC), or "The Drive-In," is an American drive-in fast food restaurant chain owned by Inspire Brands, the parent company of Arby's and Buffalo Wild Wings.
How much does a McDonald's franchise cost?
McDonald's franchisee applicants must have a minimum of $500,000 available in liquid assets and pay a $45,000 franchise fee. Those looking to launch a new McDonald's franchise can expect to shell out between $1,314,500 and $2,306,500. Existing franchise prices can cost upwards of $1 million or more.
How many locations does Sonic have?
Founded over 60 years ago, SONIC is one of the nation’s most recognized brands, with more than 3,500 locations and millions of fans across the country.
Is Sonic a drive in?
SONIC®, America’s Favorite Drive-In, is growing in markets across the U.S. and we want yours to be next. Hop in the driver’s seat with a SONIC franchise of your own today.
Is there a sweeter time to franchise with Sonic Drive-In?
We’re glad you’ve reached out to us! There’s never been a sweeter time to franchise with SONIC Drive-In. Here’s what you can expect next in the process.
Is SONIC a QSR?
SONIC is as much a technology company today as it is a leading QSR brand. From our interactive menu boards, to our POS system, mobile apps and online delivery platforms, SONIC is a high tech business. Learn More.
Sonic Drive-In Franchisee Owners List
Enable your sales team with the complete list of Sonic franchise owners. Contains phone number, address and name of each Sonic franchisee. Franchisee Contact Information for all Sonic locations last updated and verified in 2020.
Sonic Franchise Owners Contact List
One of the best ways to get your product in multiple QSR locations is to reach out to current franchisees. By contacting current franchise owners of Sonic Drive-Inns you can reach decision makers directly and get your product, service or software into a leading QSR chain.
What Is a SONIC Franchise?
SONIC ® is America’s drive-in, serving more than 3 million customers a day at over 3,500 locations nationwide. As an iconic brand with a rich heritage of more than 65 years in business, SONIC franchise systems continues to thrive in the booming QSR industry, not only in terms of growth and brand recognition, but also in our unique ability to connect with our millions of customers and become a part of the communities in which we operate.
Why is Sonic so popular?
SONIC is one of the rare iconic brands that has franchisees with hundreds of locations who have been with us for decades and new franchisees who are growing their business from one restaurant. The reason why entrepreneurs continue to be attracted to SONIC is that we get more than a few things right about our business model that helps our franchisees thrive.
When did Sonic start?
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.
How much does a Sonic Drive-In franchise make?
Typically, franchise profits are proportionate to the size of investment. We can help you figure out how much money you can make by reviewing your personal situation. Please unlock this franchise for more information.
How many franchise locations do they have?
As of the 2020 Franchise Disclosure Document, there are 3329 franchised Sonic Drive-In locations in the USA.
When did they begin franchising?
They began franchising in 1974. The average Burgers franchise began franchising in 2008.
What does it mean to find the best franchise?
Finding the best franchise means comparing several brands to determine the ideal fit for you.
What is Sonic Drive In?
We do business under the brand names “Sonic,” “Sonic Drive-In” and “Sonic, America’s Drive-In,” among others. We grant franchises for the operation of a distinctive drive-in restaurant (and in many cases, with a drivethru lane) focusing on a unique menu of quality, made-to-order food products including several signature burger items and innovative technology.
How many locations does Sonic have?
SONIC ® is America’s drive-in, serving more than 3 million customers a day at over 3,500 locations nationwide. We’re an iconic brand with a rich heritage that encompasses 60 years; we believe in excellent customer service and developing core relationships with our customers and the communities in which we operate.
What is SONIC corporate office?
SONIC’s corporate office has a full support team and services available to franchisees, such as helpful demographic data and in-depth site analytics, to make the entire site selection and construction process as smooth and profitable as possible for franchisees.
How long does it take to get a SONIC site secured?
The term of a traditional SONIC franchise is 20 years, plus a 10-year renewal. It typically takes six to eight months to get a SONIC site secured.
How much does it cost to become a SONIC?
What does it take to become a SONIC franchisee? The franchise fee is $45,000, with a total investment for a traditional SONIC ranging from $1.02 to $1.77 million (excluding land). The net worth of a partner can be used toward the total net worth/liquidity requirements. The term of a traditional SONIC franchise is 20 years, plus a 10-year renewal.
Is it a good time to own a Sonic franchise?
Increasing revenue, balanced dayparts and open territory make it a great time to own a SONIC franchise.
Is there a better time to become a Sonic franchisee?
There has never been a better time to become a SONIC franchisee. Leadership from a best-in-class franchise support team, a diverse menu that maximizes all five dayparts like no other QSR in the industry and the marketing muscle of the wildly successful Two Guys national campaign have positioned us as a brand with remarkable momentum. SONIC franchise owners saw average gross sales-by-store increase from $1,072,000 in 2012 to $1,246,000 in 2015, with more than 23 percent of our stores exceeding $1.5 million in gross sales in fiscal year 2015.
Where is Sonic located?
The drive-in restaurant experienced success as soon as it opened, and right after, Smith Sr. brought in the franchise’s new partner – Charlie Pappe. The partners decided to begin franchising in 1959, in order to continue expanding Sonic Drive-In’s business model of selling unique hot dogs, burgers, chicken sandwiches, tater tots, onion rings and breakfast items to its customers. 67 years later, Sonic now has over 3,400 restaurants located across 46 U.S. States. The company is currently headquartered in Oklahoma City and is led by its Chief Executive Officer, J. Clifford Hudson, who was been with the company since April 1995.
Is the Sonic Franchise Profit Worth the Franchise Cost?
To assign a valuation multiple for Sonic franchises, we leverage estimates from DealStats, a database of acquired private company transactions sourced from U.S. business brokers and SEC filings. We reviewed the broader franchise industry as well as selling price multiples for larger systems like Burger King where more transaction data is available.