Iconic SONIC franchise moves up 33 spots to the top 10 on the franchise industry’s most prestigious list
Entrepreneur magazine, a leading business publication, recently unveiled its annual and prestigious Franchise 500 list, and we’re pleased to announce SONIC® ranked #6. This news is especially meaningful considering that SONIC jumped 33 spots from last year’s ranking.
With more than 4,000 franchise systems in the U.S., earning a spot in the prestigious top 10 of the most popular franchise ranking list is a major accomplishment. The Franchise 500 list is widely used by entrepreneurs to select top-performing franchise opportunities and the competition for ranking is fierce, with 80 percent of franchise brands failing to make the list.
What explains our tremendous climb on the 2018 Franchise 500?
Widely regarded as the franchise industry’s preeminent list for entrepreneurs who are seeking a best-bet investment, Entrepreneur rigidly compared more than 1,000 franchise systems to determine their ranking. When we consider that Entrepreneur measured the growth potential of a brand, the level of franchise support provided to franchisees, brand equity and a myriad of other factors, it is no small wonder why SONIC enjoys such a high position on this year’s list.
“We’re tremendously pleased with our high ranking on this year’s Franchise 500,” says Claudia San Pedro, President of SONIC. “This is an incredible time to be a part of SONIC, as our continued investments in new technology, new indoor dining models, menu innovation and our ongoing national advertising campaign positions us for another year of growth. As a franchisor, we work hard to ensure that our franchisees have the tools and resources needed to be successful, and we’re going to continue to find ways to deliver for our franchisees in 2018 and beyond.”
What makes SONIC a Best-Bet Investment in 2018?
SONIC is in the midst of an aggressive expansion that is bolstered by the resounding success of our wildly popular “Two Guys” marketing campaign. The enormous brand equity SONIC enjoys across the country makes it easy for entrepreneurs to bring America’s Drive-In to new communities, where large populations are already craving our delicious and memorable food. In the markets where SONIC is already established, the ease of our business model and the demand for our innovative menu makes scaling up to multiple locations a wise investment for many in our franchise system.
Unlike other QSR brands, SONIC franchisees benefit from our five daypart strategy of breakfast, lunch, afternoon, dinner and evening, as well as a robust and innovative menu that offers customization and choice. Recently, SONIC invested in a new mobile app that is encouraging our customers to connect with us in new ways, such as mobile-ordering and payments.
SONIC is America’s Drive-In®, serving more than 3 million customers a day at more than 3,500 locations nationwide. An iconic brand with a rich heritage encompassing more than 65 years, SONIC believes in excellent customer service and developing core relationships with customers in the communities where our franchise owners operate. We are in the middle of a major nationwide expansion and joining SONIC now makes more sense than ever.