Who owns the SONIC franchise?

Who owns the SONIC franchise?

Sonic Corp., founded as Sonic Drive-In and more commonly known as Sonic (stylized as SONIC), is an American drive-in fast-food restaurant chain owned by Inspire Brands, the parent company of Arby’s and Buffalo Wild Wings. As of 2021, 3,544 Sonic restaurants are located in 46 U.S. states.

How many existing SONIC franchises are there?

SONIC Franchise System Size and Composition Today there are approximately 3,500 SONIC Drive-In locations across almost all 50 U.S. states (with no international locations), with 95% of those units franchised.

How do I report a SONIC franchise?

For immediate assistance you can also contact us at 1-866-OKSONIC (1-866-657-6642).

How much does a SONIC owner make a year?

Sonic Salary FAQs The average salary for an Owner Operator is $74,460 per year in United States, which is 17% lower than the average Sonic salary of $90,379 per year for this job. What is the salary trajectory of an Owner Operator?

Can I own a Sonic franchise?

Requirements to own a SONIC franchise 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 term of a traditional SONIC franchise is 20 years, plus a 10-year renewal.

Is Sonic owned by arbys?

Inspire Brands — Parent of Arby’s, Sonic — Builds Fast-Food Empire.

Can I own a SONIC franchise?

How profitable is a SONIC franchise?

What should you expect? Well, according to industry reports, the average Sonic does $1,345,000 in sales and 11% EBITDA (profit) margins. Therefore, you could expect to make nearly $148,000 per Sonic location before paying for above store expenses.

Where is Sonic’s corporate headquarters?

Oklahoma City, OK
Sonic Drive-In/Headquarters

Is Sonic a good franchise to own?

Increasing revenue, balanced dayparts and open territory make it a great time to own a SONIC franchise. SONIC® is the nation’s largest and most beloved drive-in chain, serving hot, fresh and made-to-order food for more than 60 years. There has never been a better time to become a SONIC franchisee.

How profitable is a Sonic franchise?