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.
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.
How much does a Sonic franchise cost?
Name of Fee Low High
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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 do Sonic franchise owners make?
The average salary for an Owner Operator is $74,460 per year in United States, which is 18% lower than the average Sonic salary of $91,779 per year for this job.
How do I get a Sonic franchise?
What Does a Sonic® Drive-In Franchise Cost? To buy a franchise with Sonic® Drive-In, you'll need to have at least $500,000 in liquid capital and a minimum net worth of $1,000,000. Franchisees can expect to make a total investment of $1,020,000 - $1,770,000.
How much profit does a Sonic franchise make?
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.Feb 6, 2020
How much does it cost to buy a Sonic franchise?
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.
What is Sonic's net worth?
Sonic's headquarters in Oklahoma City United States.
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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 18% lower than the average Sonic salary of $91,779 per year for this job.