Sonic Drive In vs Taxi's Restaurants International Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Sonic Drive In vs Taxi's Restaurants International including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Sonic Drive In Franchise
Taxi's Restaurants International Franchise
Investment $1,242,000 - $3,523,300 N/A
Franchise Fee $45,000 $25,000
Royalty Fee 2.45-5% -
Advertising Fee 3% -
Year Founded 1954 -
Year Franchised 1959 -
Term Of Agreement 20 years -
Term Of Agreement 20 years -
Renewal Fee 10 years for $6K -


Business Experience Requirements

 
Sonic Drive In Franchise
Taxi's Restaurants International Franchise
Experience
  • Industry experience
  • General business experience
  • If no industry experience, must have an operating equity partner
  • -

    Financing Options

     
    Sonic Drive In Franchise
    Taxi's Restaurants International Franchise
      In-House/3rd Party In-House/3rd Party
    Franchise Fees No/Yes -/-
    Start-up Costs No/Yes -/-
    Equipment No/Yes -/-
    Inventory No/Yes -/-
    Receivables No/Yes -/-
    Payroll No/Yes -/-

    Training & Support

     
    Sonic Drive In Franchise
    Taxi's Restaurants International Franchise
    Training On-The-Job Training: 400 hours Classroom Training: 24 hours Additional Training: At existing franchise location -
    Support Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform -
    Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Email marketing Loyalty program/app -
    Operations International franchisees required to buy multiple units/master licenses; 60% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 25

    Absentee ownership of franchise is NOT allowed.

    -

    Expansion Plans

     
    Sonic Drive In Franchise
    Taxi's Restaurants International Franchise
    US Expansion Yes -
    Canada Expansion No -
    International Expansion No -

    Start-Up Costs and Fees Mobile

    Investment
    Sonic Drive In Franchise
    $1,242,000 - $3,523,300
    Taxi's Restaurants International Franchise
    N/A
    Franchise Fee
    Sonic Drive In Franchise
    $45,000
    Taxi's Restaurants International Franchise
    $25,000
    Royalty Fee
    Sonic Drive In Franchise
    2.45-5%
    Taxi's Restaurants International Franchise
    -
    Advertising Fee
    Sonic Drive In Franchise
    3%
    Taxi's Restaurants International Franchise
    -
    Year Founded
    Sonic Drive In Franchise
    1954
    Taxi's Restaurants International Franchise
    -
    Year Franchised
    Sonic Drive In Franchise
    1959
    Taxi's Restaurants International Franchise
    -
    Term Of Agreement
    Sonic Drive In Franchise
    20 years
    Taxi's Restaurants International Franchise
    -
    Renewal Fee
    Sonic Drive In Franchise
    10 years for $6K
    Taxi's Restaurants International Franchise
    -


    Business Experience Requirements

    Experience
    Sonic Drive In Franchise

  • Industry experience
  • General business experience
  • If no industry experience, must have an operating equity partner
  • Taxi's Restaurants International Franchise
    -

    Financing Options

      In-House/3rd Party
    Franchise Fees
    Sonic Drive In Franchise
    No/Yes
    Taxi's Restaurants International Franchise
    -/-
    Start-up Costs
    Sonic Drive In Franchise
    No/Yes
    Taxi's Restaurants International Franchise
    -/-
    Equipment
    Sonic Drive In Franchise
    No/Yes
    Taxi's Restaurants International Franchise
    -/-
    Inventory
    Sonic Drive In Franchise
    No/Yes
    Taxi's Restaurants International Franchise
    -/-
    Receivables
    Sonic Drive In Franchise
    No/Yes
    Taxi's Restaurants International Franchise
    -/-
    Payroll
    Sonic Drive In Franchise
    No/Yes
    Taxi's Restaurants International Franchise
    -/-

    Training & Support

    Training
    Sonic Drive In Franchise
    On-The-Job Training: 400 hours Classroom Training: 24 hours Additional Training: At existing franchise location
    Taxi's Restaurants International Franchise
    -
    Support
    Sonic Drive In Franchise
    Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform
    Taxi's Restaurants International Franchise
    -
    Marketing
    Sonic Drive In Franchise
    Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Email marketing Loyalty program/app
    Taxi's Restaurants International Franchise
    -
    Operations
    Sonic Drive In Franchise
    International franchisees required to buy multiple units/master licenses; 60% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 25

    Absentee ownership of franchise is NOT allowed.

    Taxi's Restaurants International Franchise
    -

    Expansion Plans

    US Expansion
    Sonic Drive In Franchise
    Yes
    Taxi's Restaurants International Franchise
    -
    Canada Expansion
    Sonic Drive In Franchise
    No
    Taxi's Restaurants International Franchise
    -
    International Expansion
    Sonic Drive In Franchise
    No
    Taxi's Restaurants International Franchise
    -

    Company Overviews

    About Sonic Drive In

    Sonic Industries Inc. was founded in 1973. In 1974, Sonic acquired the name 'Sonic Drive-In' from Troy Smith, Sr., and began franchising. Smith used his more than 15 years of experience in the restaurant business to develop and operate the Sonic franchise program. A wholly owned subsidiary of Sonic Corp., the company is based in Oklahoma City, Oklahoma, and has locations throughout the United States. The company's storefronts recently got a facelift to give them a 'retro-futuristic' look.

    Your estimated initial investment necessary to begin operation of a Traditional Sonic Drive-In franchise ranges from approximately $1,242,200 to $3,537,700 plus land costs and includes the $45,000 franchise fee that must be paid to Sonic.
    Your estimated initial investment necessary to begin operation of a Non-Traditional Sonic franchise ranges from approximately $361,900 to $978,700 and includes the $22,500 franchise fee that must be paid to Sonic.

    "franchiserankingscom"     "Entrepreneur
    #91 on Franchise Rankings.com
    #4 in Franchise 500 for 2020.
    #28 in Franchise 500 for 2021.




    About Taxi's Restaurants International