Sonic Franchise Owner Salary Sonic Drive In franchise costs based on Item 7 of the company s 2022 FDD Initial License Fee 45 000 Travel and Living Expenses During Training 5 000 to 53 500 Franchisee Certified Training Team Expenses 48 000 to 72 000 Prepaid Expenses 2 000 to 250 000 Real Property Occupancy Charge variable
The average revenue generated by a Sonic Drive In franchise in the US can vary depending on various factors such as location competition and local market conditions However according to industry reports the average revenue for a Sonic Drive In franchise is around 1 million to 1 5 million annually The average Sonic salary ranges from approximately 26 945 per year for a Cashier and Crew Member to 151 580 per year for a Managing Partner The average Sonic hourly pay ranges from approximately 13 per hour for a Cashier and Crew Member to 50 per hour for a District Manager Sonic employees rate the overall compensation and benefits
Sonic Franchise Owner Salary
Sonic Franchise Owner Salary
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The estimated total pay for a Owner Operator at Sonic is 66 217 per year This number represents the median which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users The estimated base pay is 66 217 per year The Most Likely Range represents values that exist within According to the 2020 fdd the Sonic drive in franchise owners make 1 37 million in revenue every year and with a profit margin of 18 to 22 you can make a profit of 320 000 The Sonic franchise owner salary is around 95 000 as per the company records
6 Sign your franchise agreement and submit your franchise fee Here you ll pay us the initial franchise fee sign the franchise agreement and officially become a SONIC franchise owner 7 Begin site selection We ll support you as you go through the process of selecting the ideal location for your SONIC franchise 8 SONIC is proud to offer exclusive franchise opportunities to veterans who are ready to embark on a new mission owning their own business As a veteran you possess the skills and qualities that align perfectly with our franchise model discipline leadership and a strong work ethic among many more We offer special incentives and support
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We ve identified 12 states where the typical salary for a Franchise Owner job is above the national average Topping the list is Alaska with Oregon and Massachusetts close behind in second and third Massachusetts beats the national average by 7 4 and Alaska furthers that trend with another 10 034 7 8 above the 127 973 For a traditional SONIC restaurant the license fee is set at 45 000 and the initial investment required falls within the range of 1 714 200 and 3 370 900 excluding real estate costs
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 If you re interested in a 21st century brand with a rich history and track record of success then you ve found the right brand Average Sonic Drive In Owner Operator Driver yearly pay in the United States is approximately 74 273 which is 66 below the national average Salary information comes from 12 data points collected directly from employees users and past and present job advertisements on Indeed in the past 36 months Please note that all salary figures are
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Sonic Franchise Owner Salary - How much does an Sonic Drive In business cost to open Sonic Drive In has an initial franchise fee of up to 45 000 with a overall initial investment range of 1 242 200 to 3 537 700 Initial Franchise Fee 45 000 Total Investment 1 242 200 to 3 537 700 Working Capital 61 000 to 162 500