This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

SONIC Drive-In Set For Further Expansion On The West Coast

“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 nation’s 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 SONIC’s 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. “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.

“We’ve enjoyed great success as part of the SONIC family because we’ve 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 that’s 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 for more information.

About SONIC, America’s 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 America’s “#1 burger quick service restaurant” in the 2013 Temkin Experience Ratings report. For more information about Sonic Corp. (NASDAQ/NM: SONC) and its subsidiaries, please visit Customers can also connect with SONIC at or on Twitter @sonicdrive_in.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 16,965.17 +52.88 0.31%
S&P 500 1,995.83 +15.91 0.80%
NASDAQ 4,770.3910 -20.7610 -0.43%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs