SONIC Drive-In Set for Further Expansion on the West Coast
Franchise development agreement signed for 15 new drive-ins in Southern California
OKLAHOMA CITY--(BUSINESS WIRE)-- Slush sightings will soon be as common as star sightings in Southern California, as SONIC Drive-In (NASDAQ: SONC) today announced plans to open 15 new drive-ins in the market. The nations largest chain of drive-in restaurants has signed an agreement with existing franchise partner, SPG Management, to develop five new drive-ins in San Diego County and 10 new drive-ins in the greater Los Angeles area over the next six years.
As we continue SONICs franchise development push across the country, we have opportunity to expand our footprint in the Los Angeles and San Diego markets, said Mike Gallagher, vice president of development and franchising for Sonic Corp. (SONC) Our first drive-ins in Southern California proved that local guests love the unique menu and experience we offer. The talented team at SPG Management is the perfect group to bring that experience to more people.
SPG Management currently owns and operates five other SONIC Drive-Ins in Southern California and is led by three principals: Max Gelwix, Frank Suryan and Kasey Suryan. The Suryans bring valuable expertise in real estate development, while Gelwix brings highly relevant industry experience. Gelwix was a multi-unit Arco AM/PM franchisee and CFO for a contractor of McDonald's, where he built 70 McDonald's restaurants during his tenure. A seasoned operator, he has also served as COO for several publicly traded companies.
Weve enjoyed great success as part of the SONIC family because weve taken this strong brand and focused on hiring passionate people to deliver an outstanding experience to our customers every day, said Kasey Suryan, principal of SPG Management. We see such demand for SONIC thats not being met today, and these new drive-ins will help us meet it.
Many franchise opportunities are still available. Individuals interested in pursuing a Sonic Franchise are encouraged to visit sonicdrivein.com/franchise for more information.
About SONIC, Americas Drive-In
SONIC®, America's Drive-In®, is the nation's largest chain of drive-in restaurants with more than 3,500 drive-ins serving approximately 3 million customers every day. Over the past 60 years, SONIC has delighted guests with signature menu items, more than 1 million drink combinations, friendly service by iconic Carhops and ongoing support of education through its award-winning Limeades for Learning® program. SONIC received top honors as Americas #1 burger quick service restaurant in the 2013 Temkin Experience Ratings report. For more information about Sonic Corp. and its subsidiaries, please visit sonicdrivein.com. Customers can also connect with SONIC at facebook.com/sonicdrivein or on Twitter @sonicdrive_in.
Madison LaRoche, 512-542-2842
Source: SONIC Drive-InCopyright Business Wire 2013