Sonic Drive-Ins

Source filing: WI · filed 2026-03-26

Item 5 — Initial franchise fee

$15,000 [p.28 · WI · 2026-03-26]

Item 6 — Recurring fees (royalty & advertising)

Royalty fee(2)See FDD [p.30 · WI · 2026-03-26]
Advertising cooperative fee/SMF contribution(4)See FDD [p.31 · WI · 2026-03-26]

Full Item 6 schedule (including one-time and conditional fees) is in the FDD itself.

Item 7 — Estimated initial investment (total)

Not disclosed Not disclosed

Base single-franchise offering as stated in the FDD's total row. Multi-unit or area-development formats are not broken out here.

Item 20 — Outlets

Franchised outlets at start of year3,144 [p.74 · WI · 2026-03-26]
Franchised outlets at end of year3,120 [p.74 · WI · 2026-03-26]
Net change in franchised outlets-24 [p.74 · WI · 2026-03-26]
Transfers100 [p.76 · WI · 2026-03-26]
Terminations2 [p.79 · WI · 2026-03-26]
Non-renewalsNot disclosed
Ceased operations (other)54 [p.79 · WI · 2026-03-26]
Company-owned outlets at end of yearNot disclosed

Item 19 — Financial performance representation

Headline cohort

2025 Franchised Traditional Restaurants - All Restaurants · FY2025 (December 30, 2024 to December 28, 2025)

Outlets in sampleAverageMedianHighLow
3,057 [p.72 · WI · 2026-03-26] $1,552,145 [p.72 · WI · 2026-03-26] $1,465,090 [p.72 · WI · 2026-03-26] Not disclosed $255,308 [p.72 · WI · 2026-03-26]

All disclosed cohorts (7)

CohortOutletsAverageMedianHighLow
2025 Franchised Traditional Restaurants - 1st Quartile (highest AUVs)
FY2025 (December 30, 2024 to December 28, 2025)
764 [p.71 · WI · 2026-03-26] $2,332,093 [p.71 · WI · 2026-03-26] $1,886,236 [p.71 · WI · 2026-03-26] Not disclosed $2,228,716 [p.71 · WI · 2026-03-26]
2025 Franchised Traditional Restaurants - 2nd Quartile
FY2025 (December 30, 2024 to December 28, 2025)
764 [p.71 · WI · 2026-03-26] $1,659,107 [p.71 · WI · 2026-03-26] $1,465,475 [p.71 · WI · 2026-03-26] Not disclosed $1,653,634 [p.71 · WI · 2026-03-26]
2025 Franchised Traditional Restaurants - 3rd Quartile
FY2025 (December 30, 2024 to December 28, 2025)
764 [p.71 · WI · 2026-03-26] $1,298,578 [p.71 · WI · 2026-03-26] $1,123,556 [p.71 · WI · 2026-03-26] Not disclosed $1,301,671 [p.71 · WI · 2026-03-26]
2025 Franchised Traditional Restaurants - 4th Quartile (lowest AUVs)
FY2025 (December 30, 2024 to December 28, 2025)
765 [p.72 · WI · 2026-03-26] $919,629 [p.72 · WI · 2026-03-26] $958,893 [p.72 · WI · 2026-03-26] Not disclosed $225,308 [p.72 · WI · 2026-03-26]
2025 Franchised Traditional Restaurants - All Restaurants
FY2025 (December 30, 2024 to December 28, 2025)
3,057 [p.72 · WI · 2026-03-26] $1,552,145 [p.72 · WI · 2026-03-26] $1,465,090 [p.72 · WI · 2026-03-26] Not disclosed $255,308 [p.72 · WI · 2026-03-26]
2025 Franchised Traditional Restaurants - Free-Standing and Urban Storefront
FY2025 (December 30, 2024 to December 28, 2025)
2,988 [p.72 · WI · 2026-03-26] $1,562,839 [p.72 · WI · 2026-03-26] $1,472,566 [p.72 · WI · 2026-03-26] $4,800,647 [p.72 · WI · 2026-03-26] $317,214 [p.72 · WI · 2026-03-26]
2025 Franchised Traditional Restaurants - Gas/C-Store
FY2025 (December 30, 2024 to December 28, 2025)
69 [p.72 · WI · 2026-03-26] $1,089,017 [p.72 · WI · 2026-03-26] $1,049,767 [p.72 · WI · 2026-03-26] $2,230,220 [p.72 · WI · 2026-03-26] $255,308 [p.72 · WI · 2026-03-26]
“These financial performance representations provide actual, historical "AUVs," or "Annual Unit Volumes," for specific groups of franchised Sonic Restaurants.” [p.70 · WI · 2026-03-26]

Extraction notes