Franchising Status
Eligibility for SBA Loan

Franchisor Background

Year Founded

Year when franchising entity was formed
2011

Parent Company

Corporate owner of franchising entity
Driven Brands

CEO

Chief Executive Officer of Franchisor
Jonathan Fitzpatrick

Franchise Units

Size of franchisee system
10

Industry

High level industry category
Food & Beverage

Initial Franchisee Requirements

Net Worth Required

Minimum net worth required to be franchisee
$115,000

Liquid Capital Required

Minimum liquid capital required to be franchisee
$20,000

Minimum Investment

Lowest reported franchise investment cost
$1,023,000

Maximum Investment

Highest reported franchise investment cost
$1,765,000

Minimum Franchise Fee

Minimum initial fee payable to franchisor
$45,000

Maximum Franchise Fee

Maximum initial fee payable to franchisor
$45,000

Other Considerations for Franchisees

Initial Term

Length of initial franchise agreement
10 years

Renewal Term

Length of franchise agreement if renewed
5 years

Number of Franchisor Lawsuits

Between franchisors and franchisees
0

Number of Director Bankruptcies

Franchisor directors, and franchise entities
0

Distribution of Sonic Drive-In Franchisees

Sonic Drive-In Franchise System Development in 2016

FAQ

How much investment do I need to start my own Sonic Drive-In business?
Franchisees typically require at least $1,023,000 to $1,765,000 investment to get their Sonic Drive-In business started
What are the initial franchise fees for Sonic Drive-In?
Franchisees typically need to pay at least $45,000 in fees directly to Sonic Drive-In in order to earn the right to launch their business
How much money can I make with a Sonic Drive-In franchise? What are the average revenues for a typical Sonic Drive-In business?
We haven’t done the math on how much revenue a typical Sonic Drive-In brings in each year. We estimate that other franchisees in the Food & Beverage industry general $925,510 revenue, so we would expect Sonic Drive-In to generate a similar amount
How long do I need to commit to running a Sonic Drive-In unit? What is my contractual commitment?
Sonic Drive-In franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 5 years. You can of course exit early but don’t expect to get any refund!

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