‘Entrepreneur’ magazine ranks America’s Drive-In franchise on annual list of fastest growing franchise brands
SONIC, America’s Drive-In®, has experienced a period of rapid growth over the last several years – and the industry has taken notice. Entrepreneur magazine recently named SONIC to its annual Fastest Growing Franchise list for 2019.
The annual list is intended to help entrepreneurs make a worthy investment in a rapidly growing brand:
“If you’re one of those who like things to move fast, who wants a new challenge all of the time, then maybe a fast-growing franchise is for you,” the publication explains. We’ve culled the fastest-growing franchises from Entrepreneur’s Franchise 500® and compiled a list to get you started–fast. The fastest-growing rankings are based on the number of new franchise units added in the United States and Canada from July 2017 to July 2018, as verified by Entrepreneur magazine, with ties broken based on percentage growth.”
SONIC’s high ranking position on the Fastest Growing Franchise list comes hot on the heels of Entrepreneur naming SONIC as the #3 franchise opportunity on their “Franchise 500,” list, which is widely regarded as the most prestigious list in all of franchising.
To explain why SONIC was ranked so high on the “Franchise 500,” which comprehensively measures franchise systems based on brand strength, growth, franchise support and more, Entrepreneur magazine recently published an article unpacking why SONIC is such a standout investment opportunity in 2019.
“When people talk about ‘companies of the future,’ they typically mean Silicon Valley flash — not a drive-in burger-and-shake restaurant developed in 1953,” the magazine writes. “But Sonic Drive-In believes its recipe of old-timey service marries well with modern tech, and the numbers back it up. There are now more than 3,600 Sonics in the U.S. That focus on tech and service helped propel Sonic to the No. 3 spot in the Franchise 500, up from No. 6 in 2018.”