Sonic first opened in 1953 as Top Hat Drive-In in Shawnee, Oklahoma, with Troy Smith Sr. at the helm. He later partnered with Charlie Pappe and they began franchising in 1959 under the Sonic Drive-In name. Sonic's car-hops deliver burger, hot dogs, chicken sandwiches, tater tots, onion rings, fries, drinks, desserts and breakfast to customers.
Initial Investment $1,023,000 - $1,765,000
Net-worth Requirement $1,000,000 - $2,000,000
Liquid Cash Requirement $500,000 - $2,000,000