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Franchising Business in Sonic Drive-in Restaurants

Entrepreneurs have long been choosing food market since this business is most likely financially successful. And because food is part of consumer’s basic needs—unlike fashion and gadgets which are considered not as important as nourishment—this is always in high demand despite the presence of weak economy.

To make sure that the food business will most likely be successful, there is a franchising opportunity in Sonic Drive-in restaurants which ranks 30th on the fastest-growing franchising business in the market in 2009.

For those interested franchisees, they should be aware that Sonic Drive-in restaurants are more popular in the US compared to other foreign countries (meanwhile, the food chain is starting to become known from abroad). Because of the increasing popularity of this restaurant in the US market, it opened nearly 3,000 food chains in 2008 alone.

According to Sonic Corp, the start-up cost of its restaurant would range from $1.2 million to $3.2 million and this investment already includes the building, equipment, furniture, and franchising fee worth $45,000. Just like any franchising business, the food corporation requires franchisees to pay annual royalty fee which is 2 to 5 percent of their gross revenue. Meanwhile, the contract between Sonic Corp. and the franchisees will last up to 20 years and this can be renewed.

Before becoming a Sonic restaurant franchisee, the corporation demands certain qualifications for interested entrepreneurs. These requirements include net worth of $1 million and a cash liquidity amounting to $500,000. In terms of business experience, Sonic Corp requires a person to have an industrial or marketing experience, but for those first-timers in business, the corporation requires interested franchisees to have operating equity partner who can help them to manage their food chains. Also, Sonic Corp does not allow absentee ownership of a franchise.
 

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7 Comments

  • Syed Mansoor Ali said on September 25, 2012
    Hi, I am property dealer in mumbai India. We do all commercial deal in Mumbai thane if u required commercial space for a KFC restaurant i have many option very good location, my contact no:- 09373608040.
  • Karen Davis said on February 2, 2013
    Please provide information on how I can open a Sonic Drive-in Restaurant in Seattle, Washington. Thank you, Karen
  • srikar reddy said on November 15, 2013
    Respected sir/ madam i would like to open a KFC restaurant at hyderabad locating the areas of (Tarnaka or Dilsuknagar), so kindly furnish the details & financing facility also. looking forward for your replay.
  • sankar said on September 14, 2014
    send me full furnished details to mail lets. go
  • anup taneja said on February 27, 2015
    i want to open kfc store in kurukshetra. because of the popularity of kurukshetra this is a tourist place so it will be a good sign to settle up this.. contact me 9896400966
  • srinivasa reddy said on April 21, 2015
    i want to open a franchise in narasaraopeta in AP. please send the information what i require for that
  • vinay sharma said on May 22, 2016
    Dear sir i want to open the kfc in hamirpur so please give me the total information to open kfc like as money land building structure and total amount to all over the project. Tnx

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