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|Liquid Capital Required:||$300,000 - $500,000|
|Net Worth Required:||$500,000|
|Total Investment:||$650,000 - $850,000|
|Royalty Type:||1%, 2%,, 3%, 3% then 7% forever for years 1-5+|
|Financing:||Via 3rd party|
|Incorporated Name:||Take 5 Franchisor SPV LLC|
|Home Office:||Charlotte, North Carolina|
About Take 5 Oil Change
Take 5 revolutionary drive-through oil change services can be found in over 500 locations in 18 states. Proud to be an industry disruptor and automotive franchise to own, we take inspiration from the hospitality industry to transform the mundane task of getting an oil change into an enjoyable customer-focused experience.
Take 5 is one of 10 aftermarket automotive brands owned by Driven Brands. Driven Brands is the largest group of automotive aftermarket service companies in the United States, with more than 2,600 centers generating over $2.5 billion in sales in North America. The brands specialize in automotive repair, paint and collision, quick lube, and distribution. With a company like Driven Brands supporting you and a cutting edge business opportunity, this is the franchise you've been looking for!
Values & History
Take 5 began in 1984 in Metairie, LA as a traditional oil change shop, eventually growing to three shops in one area. In 1996 we revolutionized the oil change with our first ever stay-in-your-car service. The shops featured shallow pits, drive-through and synchronized oil changes, and fast, friendly service. By 2006 Take 5 had grown to 21 stores, despite being ravaged by the devastating Hurricane Katrina. Ten years later Take 5 was acquired by Driven Brands, having grown to 70 locations, and began franchising in 2018. In just one year we grew to an incredible 500 stores, and we're still expanding!
Transparency is a hallmark of the Take 5 franchise, and it drives our customer loyalty. Customers stay in their cars for the duration of the oil change, so everything's in plain view. Our business model is based on hospitality, so everything from the greeting to the free water bottle to the oil change to payment is best-in-class and done with intention.
As every car owner knows, the oil change is essential to the maintenance and upkeep of a vehicle. In fact, the average vehicle owner will change their oil about every 5,000 miles. Given that there were nearly 270 million registered vehicles in operation in the U.S. as of 2016, and that 17.4 million new cars were sold in the same year, it's clear that Take 5 has found an industry with a nearly bottomless well of need. In the United States in fact, there are about 450 million oil changes performed each year, driving a $20 billion industry. And not only is Take 5 well-positioned in an ever growing market, but we have also been recognized as a franchise leader by Entrepreneur, having been named in 2019 to their prestigious Top 500 list. Great market and top franchise--join us today!
Purchasing a Take 5 Oil Change Franchise
Take 5 offers you a streamlined business model with flexible real estate and labor requirements. With our small footprint, our stores can fit on sites most retailers cannot. Our focused menu of services means no specialized labor and lower labor costs. All of this adds up to a great deal for potential investors!
To start your own Take 5 you will need to make an initial investment ranging from $650,000 to $850,000, including our $35,000 franchise fee. You will need a minimum net worth of $500,000 and at least $300,000 in liquid assets. Take 5 has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, and payroll.
Ideal Candidate & Qualifications
Take 5 is an excellent franchise option for experienced business owners and franchise owners of other brands who are looking to diversify, build wealth, and be the first to market. Our ideal candidate is someone looking for a high margin franchise investment and who should have management experience and a mentorship mentality along with strong operations experience.
Training & Support
Take 5 will guide you on everything from build-out to marketing and beyond so that your primary focus can be on recruiting and training staff. We provide a robust three-week training program in our Charlotte training facility and will send a Take 5 trainer to your new location for an additional two weeks to supervise your Grand Opening.
Apart from your initial training, you can also count on an array of ongoing support systems, including:
- Real Estate: Our seasoned Real Estate Team will work with you to find the best locations in your market to build your Take 5.
- Technology: Our proprietary analytics reporting arms you with the data you need to drive your margins. You will have the technology to run your automotive franchise better and make continuous improvements to maximize your profit potential. And, our KPI dashboard gives you up to the minute insights to help you reach your goals. Our multi-unit franchise owners appreciate having information for all stores in one easy view.
- Technician Training: To create a cross-functional labor force, our comprehensive training program teaches your technicians all the responsibilities they could execute throughout the workday. And because mentoring is part of Take 5's DNA, we provide you and your staff with training tools so that you have a pipeline of skilled, motivated employees who are eager to learn new skills that can put them on a win-win leadership track.