Take 5 Oil Change

Take 5 Oil Change

Oil changes
Find out what franchise is right for you
Units as of 2020
551 (341 added in 3 years)
162.4%
2021 Franchise 500 Rank
#216 Ranked #426 last year
Initial investment
$216K - $905K

Company Overview

About Take 5 Oil Change

Industry
Automotive
Related Categories
Oil-Change Services
Founded
1984
Parent Company
Driven Brands
Leadership
Jonathan Fitzpatrick, CEO

Franchising Overview

Franchising Since
2016 (5 years)
# of employees at HQ
124
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
551 (as of 2020)

Franchisor Information

Corporate Address
440 S. Church St.
Charlotte, NC 28202

Information for Franchisees

Here’s what you need to know if you’re interested in opening a Take 5 Oil Change franchise.

Financial Requirements & Ongoing Fees

Here’s what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee
$35,000
Initial Investment
$216,469 - $905,490
Net Worth Requirement
$500,000
Cash Requirement
$300,000
Royalty Fee
7%
Ad Royalty Fee
5%
Term of Agreement
15 years
Is franchise term renewable?
Yes

Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

Third Party Financing
Take 5 Oil Change has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

On-The-Job Training
120 hours
Classroom Training
55 hours
Ongoing Support
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
Loyalty Program/App

Operations

Additional details about running this franchise.

Is absentee ownership allowed?
No
Can this franchise be run from home/mobile unit?
No
Can this franchise be run part time?
No
Are exclusive territories available?
Yes

Franchise 500 Ranking History

Compare where Take 5 Oil Change landed on this year’s Franchise 500 Ranking versus previous years.

Additional Rankings

Curious to know where Take 5 Oil Change ranked on other franchise lists? Find out below.

Ranked #216

Franchise 500 Ranking

Ranked #17

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021
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