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How much does it cost to open a Sonic Drive In Franchise? The investment required to open a Sonic Drive In Franchise is between $1,242,000-$3,523,300. There is an initial franchise fee of $45,000 which grants you the license to run a business under the Sonic Drive In name.
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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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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 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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How much does a Sonic Drive-in franchise cost. The total estimated Sonic franchise cost ranges from $1,242,200 - $3,537,700 (excluding land) and the fee is $45,000, the net worth and requirements may be satisfied with a partner's net worth. It's the same cost as the Sonic franchises in the US.
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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.
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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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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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With your vehicle mobile app *, you can start your engine, check your fuel level and tire pressure, save and set radio station favorites *, and much more — all from your phone. Get It Now ($14.99/mo.) Get It Now
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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 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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(#)* 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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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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Total Investment Range. $1,714,200 - $3,370,900* *Does Not Include Real Estate Expenses. What Does. Your Franchise Cost. GET YOU? Investing in a QSR franchise for sale with SONIC gives prospective franchisees the kind of advantages they wouldn't be able to see elsewhere. You'll be far from starting out on your own when you join the SONIC.
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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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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.