Number of Restaurants Financial Liquidity Net Worth
1-2 SONICs $500,000.00 $1,000,000.00
3-4 SONICs $1,500,000.00 $2,000,000.00
5+ SONICs $2,000,000.00 $2,000,000.00
Financial Liquidity Net Worth
1 - 2 Units $500,000.00 $1 Million
3 - 4 Units $1.5 Million $2 Million
5+ Units $2 Million $2 Million+
Type of Expenditure Estimated Low (USD) Estimated High (USD) Method of Payment When Due To Whom Payment is to be Made
Franchise Fee 45000 45000 Lump Sum At Signing of License Agreement Sonic
Payroll 13000 47000 As Incurred During Training and Pre-Opening Your Employees
Training, travel and Living
Expenses while Training
41000 72000 As Incurred During Training Hotels, Restaurants and Airlines
A-Team Trainers 54000 97000 As Incurred During Pre-Opening and Post-Opening SISI
Advertising Funds 10000 25000 As Incurred Pre-Opening Period Suppliers
Beginning Invertory 30000 120000 Lump Sum Prior to Opening Suppliers
Security Deposits, impact fees for
utilities, utility deposits, business
license and other prepaid
expenses
10000 150000 Lump Sum Prior to Opening Suppliers
Insurance Premiums 13000 22000 Lump Sum Prior to Opening Suppliers
Additional Funds
(Three Months)
5000 10000 As Incurred Prior to Opening and Monthly Suppliers
Land 8 Variable Variable See Note 8 See Note 8 See Note 8
Building and Site Work 526000 808000 See Note 8 See Note 8 See Note 8
Equipment, Point-Of-Sale
System ("POS") and Digital Menu Housings ("POPS") 9
261000 329000 See Note 9 See Note 9 Suppliers
Sonic Sign10 15000 40000 See Note 10 See Note 10 Suppliers
TOTAL ESTIMATED INITIAL INVESTMENT
(plus land costs)
11
1023000 1765000
Optional - Indoor Seating 100000 150000 See Note 11 See Note 11 Suppliers
Alabama *C-Stores/Travel Plazas/small townsBirminghamMontgomeryDothan AlaskaAnchorageFairbanksJuneau
ArizonaLake Havasu Arkansas *C-Stores/Travel Plazas/small townsLimited Availability
CaliforniaSan FranciscoSanta BarbaraVentura CountySan Fernando ValleySanta Clarita Colorado *C-Stores/Travel Plazas/small townsLimited Availability
ConneticutLimited Availability DelawareStatewide Opportunities
District of ColumbiaWashingtonHagerstown FloridaJacksonvilleTallahasseeOrlandoPalm BeachMelbourneTampaSt. Petersburg
GeorgiaAtlantaAlbanyColumbusThomasville HawaiiNot Available
Idaho *C-Stores/Travel Plazas/small townsLimited Availability IllinoisStatewide Opportunities
IndianaIndianapolisSouth BendElkhartFort WayneTerre HauteEvansville IowaStatewide Opportunities
Kansas *C-Stores/Travel Plazas/small townsVery Limited Availability Kentucky *C-Stores/Travel Plazas/small townsLimited Availability
Louisiana *C-Stores/Travel Plazas/small townsLimited Availability MaineStatewide Opportunities
MarylandBaltimoreSalisbury MassachusettsStatewide Opportunities
MichiganDetroitFlintSaginawBay CityTraverse CityCadillacLansingBattle CreekGrand RapidsKalamazoo MinnesotaStatewide Opportunities
Mississippi *C-Stores/Travel Plazas/small townsLimited Availability Missouri *C-Stores/Travel Plazas/small townsLimited Availability
MontanaMissoulaButteBozemanHelenaBillings Nebraksa *C-Stores/Travel Plazas/small townsLimited Availability
NevadaRenoLaughlin New HampshireStatewide Opportunities
New JerseyStatewide Opportunities New Mexico *C-Stores/Travel Plazas/small townsVery Limited Availability
New YorkNew York CityPlattsburghRock Island North CarolinaCharlotteGreensburgHigh PointWinston SalemGreenvilleNew BernWilmington
North DakotaStatewide Opportunities OhioCincinnatiClevelandToledoColumbusAkronYoungstown
Oklahoma *C-Stores/Travel Plazas/small townsVery Limited Availability OregonPortlandEugeneSalemBendMedford
PennsylvaniaStatewide Opportunities South CarolinaGreenvilleSpartanburgAshevilleCharleston
Rhode IslandLimited Availability Tennessee *C-Stores/Travel Plazas/small townsChattanoogaNashville
South DakotaSioux FallsRapid CityAberdeenPierre Utah *C-Stores/Travel Plazas/small townsVery Limited Availability
Texas *C-Stores/Travel Plazas/small townsVery Limited Availability VirginiaLimited Availability
VermontStatewide Opportunities West VirginiaLimited Availability
WashingtonWalla WallaSeattleYakimaPasco Wyoming CheyenneScottsbluffCasper
WisconsinStatewide Opportunities
Number of Sonic Restaurants in group Average Gross Sales (USD) Gross Sales Range (USD) Percent of Sonic Restaurants that Attained or Surpassed the Average Gross sales (%) Number of Sonic Restaurants that Attained or Surpassed the Average Gross Sales
Company Sonic Restaurants
380 1119 576 to 2,347 45 170
Franchise Sonic Restaurants 3062 1262 213 to 4,176 43 1302
Total of Company Sonic Restaurants and Franchise Sonic Restaurants
3,442 1,246 213 to 4,176 42 1,472
Gross Sales (USD) in thousands Number of Drive-Ins Drive-ins at this Level (%) Average Gross Sales (USD) Percent of Drive-Ins that Attained or Surpassed the Average gross Sales (%) Number of Drive-Ins that Attained or Surpassed the Average Gross Sales
2,000 and above 212 7 2326 36 77
1,750 to 2,000 222 7 1862 46 103
1,500 to 1,750 349 11 1614 48 167
1,250 to 1,500 535 18 1369 50 266
1,000 to 1,250 776 26 1119 49 380
750 to 1,000 682 22 883 52 355
Below 750 268 9 659 61 164
Total 3,044 100 1,265 43 1,302
Average (USD) Percent of Gross Sales (%) Percent of Sonic Drive-Ins that Attained or Surpassed Average (%) Number of Sonic Drive-Ins that Attained or Surpassed the Average
Gross Sales 1119 100 45 171
Cost of Sales 316 28 44 167
Direct Labor 246 22 44 167
Management Compensation 40 4 47 179
Payroll Taxes and Benefits 50 4 45 171
Total Labor 336 30 44 167
Gross Profit 467 42 46 175
   Advertising 56 5 45 171
   Utilities 39 4 45 171
   Other Controllables 71 6 46 175
Total Controllables 166 15 48 182
Operating Profit before Occupancy Costs
(excluding rent, royalty and other fees payable to Sonic, depreciation and amortization, interest, income taxes and legal & administrative expenses)
301 27 44 167
Average Gross Sales (USD) Number of Drive-Ins In Group Average EBITDAR Percent of Sonic Drive-Ins that Attained or Surpassed EBITDAR Number of Sonic Drive-Ins that Attained or Surpassed Average EBITDAR
1.2 Million 3374 227760 43% 1455
1.9 Million (Highest 20%) 675 422590 44% 300
0.75 Million (Lowest 20%) 675 79780 53% 360