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Sonic Corporation – The Popular Chain of Fast Food Restaurants, promising a steep growth
The Sonic Corporation or simply ‘Sonic’ is an American company that operates into the business of fast food chain restaurants. The Sonic Corporation was established way back in the year 1960 in the state of Oklahoma, and it is a longest growing food chains in the country. The Sonic Corporation is listed on the NASDAQ and is fruitful for its investors. The Sonic Corporation today is one of the fastest growing companies and investing in Sonic Corporation real estate is a good decision to make.
The company has revenue of around $603.32 million. The operating income of this company is somewhere around $127.452 million. The Net income of the company will be approximately 64.067 million. Thus looking at the statistics, it becomes evident that Sonic Corporation properties are the best place to investment in. Sonic Corporation property would always be beneficial and fruitful for the investors, and the returns from this investment would always be more and recurring in nature, as it is a well-established company in the USA.
Its current market position
Sonic is a leading company in the field of fast food restaurants. The restaurant serves fast-food items like hamburgers, French fries, onion rings, soft drinks and so on. The quality of the service provided is well maintained, and thus the restaurants have loyal customers. The company has many franchises across the fifty stated of USA, and it is spreading by day and night.
The franchises of the company are being taken by many of the people as it is very profitable. The basic requirement of owning a franchise is the investment one should make. The investment to be made to obtain a Sonic Corporation franchise is around $107 to $2.36 million.
Its origin History
Founded in the year 1953 by Troy Smith in the state of Oklahoma in the USA, Sonic Corporation was originally founded as a supply and distribution channel soon. It soon became a leading company in the department of fast food restaurants. In the year 1960, the franchises of Sonic Corporation began to spread like wildfire as people wanted to invest in the Sonic properties and take up franchises for the same in large numbers. The number of franchises has gone up, and the owner of the Sonic Corporations can proudly boast over the 1750 franchises in and around the USA.
The Sonic Corporation had gone through a phase where it was regarded as a private company in the years between the 1980s and 1990s. Then soon enough it switched the status, and the status was of the enterprise was changed to a public limited company by the then president of the company Mr. J. Cliffford, Hudson. In this period, all the franchises and restaurant underwent a renovation, which was known as the ‘retro-future look.’
The Sonic beach was also later established which was in the states of Lauderdale, Florida which is known popularly as the Sonic beach where there is also breakfast as well beer and wine.
Its working process
The Sonic Corporation is all about the franchises. There is more than 70000 employee and thus in this way Sonic Corporation provides employment to many people in the USA. To own a franchise of Sonic Corporation is not that hard. With more and more franchises coming up one can easily invest his money in the Sonic Corporation Property. One needs to pay the fees of $45000 to get a license for running a franchise of Sonic Corporation. The term of Sonic franchises is 20 years registration plus a 10-year renewable contract for the same. The property is also sometimes taken on corporate lease and thus investing becomes easy.
Sonic Corporation Properties For Sale Across the United States :
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming