Entrepreneur

How Sonic Drive-In Prepared for Natural Disasters -- and Then Thrived Despite 2017's Hurricanes

The franchise already broke its record for number of stores opened.
Source: Courtesy of Sonic Drive-In
Courtesy of Sonic Drive-In

’s signature drive-in model seemed to be a liability in 2017, when Hurricane Harvey damaged or closed many of its 950-plus restaurants in Texas and pushed same-store sales down 3.3 percent in the final fiscal quarter.. “One of the beautiful things about our system is that we have a disaster-­relief fund that our franchises contribute to,” says senior VP of franchise relations Eddie Saroch. “So the recovery effort is faster and better than most. The fact that we work together as a to get stores back up and running means that the business regains momentum fast.”

You’re reading a preview, subscribe to read more.

More from Entrepreneur

Entrepreneur3 min read
Making the Midlife Leap
Sometimes, building the life you want requires a big risk. That’s what Keri Gardner realized when she cashed in $100,000 of her retirement savings to buy a franchise. It was November 2020, and she had just been laid off from her executive role at a h
Entrepreneur5 min readCorporate Finance
How to Build the Next Huge Thing
Want to start, fund, and sell a major company? Spencer Rascoff has some advice on that—because he’s seen it from all sides. As a founder, he first cofounded the travel-booking site Hotwire, which he sold to Expedia. He then cofounded Zillow, which he
Entrepreneur2 min read
The Loss That Changed My Company
When I was 17, I founded a company to save police officers’ lives. We distribute and manufacture body armor and other protective equipment. And yet, I will admit: For the first eight years, this work felt abstract—like watching war unfold on the nigh

Related Books & Audiobooks