How much does it cost to franchise a SONIC?

How much does it cost to franchise a SONIC?

Sonic Franchise Costs & Fees

Name of Fee Low High
Franchise Fee $22,500 $45,000
Payroll $56,000 $137,500
Training, Travel and Living Expenses while Training $5,000 $33,500
A-Team Trainers $48,000 $92,000

How much does a SONIC franchise owner make?

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 $90,076 per year for this job.

Can I open 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 net worth of a partner can be used toward the total net worth/liquidity requirements.

What company owns Sonic Drive-In?

Inspire Brands
Sonic Drive-In/Parent organizations

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.

How hard is it to get a Sonic franchise?

Potential franchise owners must have a net worth of at least $1 million plus $1 million in liquidity. A franchise fee is $45,000 and the total initial investment in the franchise can range from $710,000 to $3 million, with four to five percent in royalty fees and 5.9 percent advertising fees.

How much does a sonic make a year?

What are Top 5 Best Paying Related Sonic Jobs in the U.S.

Job Title Annual Salary Hourly Wage
Work From Home Sonic Cook $57,226 $27.51
Work From Home Sonic Drive $56,313 $27.07
Sonic General Manager $55,667 $26.76
Sonic Internet $43,895 $21.10

How much profit does Sonic make a year?

In 2018, Sonic Corp. generated a revenue of 423.59 million U.S. dollars. Sonic Corporation, founded in Oklahoma, United States in 1953, is a drive-in fast-food restaurant chain.

Is Sonic a good investment?

Valuation metrics show that Sonic Automotive, Inc. may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of SAH, demonstrate its potential to outperform the market.

Who owns most Sonic Drive Ins?

@SonicDriveIn franchisee Rodney Warren wins the restaurant chain’s most prestigious award – the Troy Smith Hall of Fame! “With more than 3,600 Drive-Ins across the country, local business men and women like our award winners are paramount to SONIC’s success and advancement,” said Cliff Hudson, Sonic Corp. CEO.

Can you buy stock in Sonic?

What is Sonic’s stock price today? One share of SONC stock can currently be purchased for approximately $43.49.

Is Sonic the Hedgehog a good franchise?

The Sonic series has seen its fair share of ups and downs, but arguably the best series of games in the franchise happened around the 16-bit console generation. Sonic The Hedgehog 3 is one of the best games in the golden age of the franchise.