Sonic Drive-In announced a new franchise agreement that will bring five new drive-ins to the Raleigh-Durham market over the next five years, adding to the 23 drive-ins currently operating in the Raleigh-Durham market. Sonic signed an agreement with franchisee, PGM Properties, LLC, to develop these locations.
“The folks of PGM Properties have extensive experience in the franchise world, and we are confident in their capabilities to develop the first new locations in Raleigh since before the recession,” says Bob Franke, senior vice president of franchise sales and international development for Sonic. “Franchisees have many different restaurant concept options, but the Sonic Drive-In experience offers something special. The light-hearted, family-friendly atmosphere with menu items available only at Sonic and the sense of humor reinforced by our national Two Guys advertising are unique, all equating to a brand that is attractive to both franchisees and guests.”
PGM Properties is a full-service commercial development firm with over 75 years of combined commercial real estate experience. The company specializes in the development of grocery stores, shopping centers, and single-tenant retail and restaurant locations in the Southeast.
“Sonic will be our first foray into the restaurant industry as owners, but it’s something we’ve been pondering and planning for a long time,” says Dudley Parker, principal of PGM Properties. “After a great deal of research and strong recommendations from other Sonic franchisees, we made the easy choice to pursue a development agreement with Sonic Drive-In. It has been a wonderful experience, and we look forward with working with this strong brand for years to come.”
In April 2014, Sonic announced plans to open 1,000 new locations in the span of 10 years.