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When opening a Sonic franchise, you'll need to pay a franchise fee to acquire the rights to operate under their brand. The initial franchise fee for a Sonic can range from $45,000 to $75,000. However, this fee is subject to change based on various factors, including the location and size of the restaurant.
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The automotive franchise had $726,400 of gross revenue in 2020. Plus, they have a winning formula made up of their loyalty programs, training, and optimization tools. . They have the latest tech to provide quality car wash services. Plus, they have updated tech for operations and training, allowing you to run your franchise efficiently.
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The restaurant, which first opened in 1969, was also the first fast food chain to open a salad bar. 7. TACO BELL: $45,000. Opening up a Taco Bell will initially set you back $45,000. The company.
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The franchise fee for a non-traditional model (as described above) is $22,500. The overall investment is lower for nontraditional models as well, according to Sonic. While it can cost between $1,242,200 and $3,537,700 to open a traditional Sonic (without the land costs), the cost to open a nontraditional Sonic location ranges from $361,900 to.
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Our Investment Costs. At SONIC, we are proud to offer a great deal of transparency around our investment costs. This is because we believe that our franchisees' potential is our potential, and a solid franchisor-franchisee relationship is built on a foundation of understanding and trust. For more details, please see the current SONIC FDD.
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The franchise fee for a single unit is $45,000, with a total estimated SONIC franchise cost ranging from $865,000 to $3.64 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.
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Download Full FDD. Year Business Began: 1953. Franchising Since: 1959. Headquarters: Atlanta, Georgia. Estimated Number of Units: 3,545. Franchise Description: Sonic Franchising LLC, the franchisor, licenses the operation of Sonic restaurants. The franchisor is a subsidiary of Inspire Brands, Inc. Sonic restaurants feature drive-in restaurant.
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Cup of Ice. Calorie info unavailable. Want Exclusive Perks? 2,000 calories a day is used for general nutrition advice, but calorie needs vary. Additional nutrition information upon request. Please be aware of the new risk of peanut cross-contact with burger and sandwich items. Before placing your order, please review the Sonic Allergen Guide.
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Sonic offers two kinds of the franchise: the traditional and non-traditional. Traditional Sonic franchise cost ranges from $1,023,000 to $1,765,000. This cost covers the things that you will need to start your own Sonic business such as franchise fee, equipment, inventory, and the building and site work (land excluded).
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To open a fast food restaurant as a Sonic Drive-In franchise, you would invest $1,794,000 on average. This amount includes the $45,000 franchise fee that needs to be paid to the franchisor. Besides the franchise fee, the investment covers any costs that could arise when a fast-food restaurant starts its operation.
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A typical Sonic Drive-In is expected to cost between $1,242,200 and $3,537,700 to open. For a conventional location, the franchise fee is $45,000. Before you apply to become a franchise operator for this fast food company, read on for more information on its sales, facts, advantages, and difficulties, sonic franchise cost .
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(#)* Average Gross Sales for total of Company Drive-Ins and Franchise Drive-Ins for 2022 as reported in our FDD issued March 24, 2023, as amended May 24, 2023. 1,523 (or 44%) of the Total Company Drive-Ins and Franchise Drive-Ins (3,452) attained or exceeded this average during 2022.
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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 $1,714,200 - $3,370,900. The franchise fee for a traditional unit is $45,000.
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How much does opening a Sonic Drive-In franchise cost? Starting a Sonic drive-in franchise does require some start-up cash: specifically, a $45,000 initial franchise fee. You'll need a net worth.
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For a sense of how much a certain restaurant type will cost to start, refer to our guides below. Cost to Open a Bar; Cost to Open a Pizza Shop; Cost to Open a Bakery; Cost to Open a Coffee Shop; Cost to Open a Small Restaurant; Cost to Open a Nightclub; Cost to Open a Cafe; Cost to Open a Donut Shop; Cost to Open a Brewery; Price Range: $2,500.
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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.
