Take 5 Oil Change

The Take 5 Oil Change franchise is an automotive aftermarket brand that allows customers to get an oil change in minutes while sitting in their cars. It is a brand that is under the Driven Brands umbrella that was founded in 1984 and began franchising in 2016. Since that time, the brand has grown to more than 630 locations across the U.S. and Canada. The franchise is looking for multi-unit franchise owners that will building on the success of the brand's corporate locations. It is an attractive business opportunity because it is a simple business model that has flexible labor requirements and real estate requirements. 

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Take 5 Oil Change

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Take 5 Oil Change Franchise Cost and Requirements for 2022

Background

In the U.S., there are more than 450 million oil changes performed annually. This has driven the $20 billion oil change industry. If you want to get your piece of the booming automotive aftermarket industry, look no further than the Take 5 Oil Change franchise. The brand is part of the Driven Brands umbrella of franchises and is an innovator in the oil change franchise category. The brand was founded in 1984 and began franchising in 2016. Since that time, the brand has grown to more than 630 locations across the U.S. and Canada. The franchise is looking for multi-unit franchise owners that will building on the success of the brand's corporate locations. It is an attractive business opportunity because it is a simple business model that has flexible labor requirements and real estate requirements. Additionally, the brand has proprietary technology will give you the data that you need to drive your business' margins. To ensure maximum transparency, customers stay in their car for the entire oil change in order to see what is happening. Automotive suppliers don't spoil, so you will enjoy not having to deal with waste every week.
While prospective franchise owners have to make a high margin investment, they benefit from the volume pricing and relationships that franchises under the Driven Brands umbrella enjoy. The brand is currently looking for operators across North America. You can expect to have an initial investment that ranges between $217,969 - $911,990 and a $35,000 franchise fee. Candidates are also required to have a net worth of $500,000 and $350,000 in cash. Operators will also have to pay a 7% royalty fee. 

Company Details

Founded: 1984
First franchise: 2016 
Headquarters: Charlotte, NC 
Total # of units: 630+
Exclusive territory:  Yes
Canada: Yes
International: No 
Third-party financing: No 

Support and Training Offered By Take 5 Oil Change

Franchisees will receive a comprehensive training program that is broken down into 120 hours hours of on-the-job training and 55 hours worth of classroom training. You will also be provided with site selection and buildout assistance, marketing assistance, sales training, and more. You will also enjoy everything that comes with being under the Driven Brands' umbrella, including volume pricing and vendor relationships. 

2022 Franchise Requirements Needed to Own a Take 5 Oil Change Franchise.

What does a Take 5 Oil Change Franchise Cost?

Take 5 Oil Change franchise fees for 2022:

Royalty fee: 7%
Net Worth Requirement: $500,000
Initial Franchise Fee: $35,000
Cash Requirement: $350,000
Initial Investment: $217,969 - $911,990
Third-Party Financing Options: Yes

Is Take 5 Oil Change a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. Take 5 Oil Change is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is Take 5 Oil Change a Home Based franchise?

No. Take 5 Oil Change is not a home based franchise opportunity.

What Do Take 5 Oil Change Franchise Owners Make?

Click here to find out how much Take 5 Oil Change franchisees make. Take 5 Oil Change offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is Take 5 Oil Change Looking for Franchisees in Canada?

Yes. Take 5 Oil Change franchise is looking for Canada franchisees.

Is Take 5 Oil Change Looking for International franchisees?

No. Take 5 Oil Change franchise is not looking for International franchisees.

Additional Information

Additional Categories

Automotive, Business Opportunities, Non Food Franchises

Number of Units Open

100+ UNITS

Cash Required

More than $250,000

Passive Franchise

No

Home Based Franchise

No

Item 19 Franchise

Yes

B2B

No

Franchise Opportunities in Canada

Yes

International Franchise Opportunities

No

Take 5 Oil Change Franchises for Sale

Click Here to inquire about existing Take 5 Oil Change franchises for sale. We may have Take 5 Oil Change franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.