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LAST UPDATED: 7/2023FRANCHISE WEBSITE: https://www.take5franchise.com/NUMBER OF LOCATIONS: 700+REPORTED COST TO GET IN: $670,000 to $878,000REPORTED ROI (Item 19): $1,026,949 (2020)<a href="https://www.take5franchise.com/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-take-5-oil-changes-franchise-costs-fees-profit-and-data-2723018" target="_blank" rel="nofollow">Take 5 Oil Change</a> is an automotive services franchise, offering a comprehensive range of solutions to keep vehicles running smoothly. Their offerings include full-service oil changes, air filter replacements, coolant exchanges and wiper blade replacements.&nbsp;The brand started in 1984 as a traditional oil change shop in Metairie, Louisiana, eventually growing to three shops in the area. In 1996, the company created the first stay-in-your-car oil change and continued to grow. It was acquired by Driven Brands in 2015 and began franchising three years later in 2018.&nbsp;&nbsp;<h3>How Many Locations Are There?</h3>Since franchising in 2018, Take 5 Oil Change grew to over 500 locations by 2020. The brand experienced rapid growth after franchising, having just 70 locations in 2016 before its acquisition. Today, there are over 700 locations, 23% of which are franchised, according to&nbsp;<a href="https://www.drivenbrands.com/news/take-5-oil-change-named-one-worlds-fastest-growing-franchises/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-take-5-oil-changes-franchise-costs-fees-profit-and-data-2723018#:~:text=Driven%20Brands%20acquired%20the%20Take,over%20%24625%20million%20in%202021." target="_blank" rel="nofollow">Driven Brands</a>.&nbsp;&nbsp;<h3>What Is the Business Model?</h3>Take 5 Oil Change's operations are centered around five points:&nbsp; Have data at your fingertips:&nbsp;Proprietary analytics reporting arms franchisees with the data needed to drive margins. Franchisees will have the technology to run their automotive franchise better and make continuous improvements to maximize profit potential.See your business at a glance: A KPI dashboard gives franchisees up-to-the-minute insights to help them reach their goals. Multi-unit franchise owners appreciate having information for all stores in one view. This makes the business very turnkey and easy to operate. Recruit, retain and reward your team: Create a cross-functional labor force. A comprehensive training program teaches technicians all the responsibilities they could execute throughout the workday. And because mentoring is a big part of Take 5’s operations, it provides franchisees and their staff with training tools so that they have a pipeline of skilled, motivated employees who are eager to learn new skills.&nbsp;Drive customer loyalty:&nbsp;Transparency is a hallmark of the Take 5 franchise, driving customer loyalty. Customers stay in their cars for the duration of the oil change, so everything is in plain view. The brand’s business model is based on hospitality, so everything from the greeting, free water bottle, oil change and payment are done with intention.Profit from products with an unlimited shelf life: Automotive supplies never spoil, so franchisees don’t have to worry about inventory spoilage every week. Franchisees also benefit from the volume pricing and relationships of Driven Brands.<figure class="media"><div data-oembed-url="https://www.youtube.com/watch?time_continue=31&amp;v=QjxS4qhrQ2I&amp;embeds_referring_euri=https%3A%2F%2Fwww.take5franchise.com%2F&amp;source_ve_path=Mjg2NjY&amp;feature=emb_logo"><div class="iframely-embed"><div class="iframely-responsive"><iframe src="//cdn.iframe.ly/api/iframe?app=1&amp;api_key=fd3b6b3731f34f55ba1fe3&amp;url=https%3A%2F%2Fwww.youtube.com%2Fwatch%3Ftime_continue%3D31%26v%3DQjxS4qhrQ2I%26embeds_referring_euri%3Dhttps%253A%252F%252Fwww.take5franchise.com%252F%26source_ve_path%3DMjg2NjY%26feature%3Demb_logo" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen=""></iframe></div></div></div></figure><h3>How Much Can Take 5 Oil Change Franchise Owners Make?</h3>As of 2020, the&nbsp;<a href="https://www.franchimp.com/?page=franchisor&amp%3Bid=108825&utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-take-5-oil-changes-franchise-costs-fees-profit-and-data-2723018" target="_blank" rel="nofollow">financial performance</a> of standard Take 5 Oil Change units was $1,026,949 per unit. The average gross profit per unit was $767,799 per unit.&nbsp;<h3>How Much Does it Cost to Open a Take 5 Oil Change?&nbsp;</h3>The total&nbsp;<a href="https://www.take5franchise.com/faqs/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-take-5-oil-changes-franchise-costs-fees-profit-and-data-2723018" target="_blank" rel="nofollow">cost to open</a> a Take 5 Oil Change ranges from $670,000 to $878,000, and the construction costs are almost 70% of this total. Franchisees must also have a net worth of $1.5 million or more.<h3>What Is the Franchise Fee for Take 5 Oil Change?&nbsp;</h3>Take 5 Oil Change requires an&nbsp;<a href="https://sharpsheets.io/blog/take-5-oil-change-franchise-costs-profits/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-take-5-oil-changes-franchise-costs-fees-profit-and-data-2723018" target="_blank" rel="nofollow">initial franchise fee</a> of $35,000.&nbsp;<h3>Who Are the Leaders of Take 5 Oil Change?</h3><ul><li><a href="https://investors.drivenbrands.com/governance/board-of-directors/person-details/default.aspx?ItemId=942fa0a0-9a21-4f84-9f9f-2599ad595c59&utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-take-5-oil-changes-franchise-costs-fees-profit-and-data-2723018" target="_blank" rel="nofollow">Jonathan Fitzpatrick — CEO of Driven Brands</a></li><li><a href="https://www.linkedin.com/in/robert-lewis-48b736201/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-take-5-oil-changes-franchise-costs-fees-profit-and-data-2723018" target="_blank" rel="nofollow">Robert Lewis — President</a></li><li><a href="https://www.linkedin.com/in/ewollenhaupt/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-take-5-oil-changes-franchise-costs-fees-profit-and-data-2723018" target="_blank" rel="nofollow">Eric Wollenhaupt — Vice President of Franchise Operations and Training</a></li><li><a href="https://www.linkedin.com/in/dave-thompson-4202b413/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-take-5-oil-changes-franchise-costs-fees-profit-and-data-2723018" target="_blank" rel="nofollow">Dave Thompson — Vice President of Operations&nbsp;</a></li><li><a href="https://www.linkedin.com/in/kevin-carlucci-1b0915186/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-take-5-oil-changes-franchise-costs-fees-profit-and-data-2723018" target="_blank" rel="nofollow">Kevin Carlucci — Vice President Operations</a></li><li><a href="https://www.linkedin.com/in/mark-burdzinski-mba-a270b9a8/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-take-5-oil-changes-franchise-costs-fees-profit-and-data-2723018" target="_blank" rel="nofollow">Mark Burdzinski — Vice President&nbsp;</a></li></ul><h3>What Helpful Articles Can I Read to Learn More?</h3><ul><li><a href="https://www.drivenbrands.com/news/take-5-oil-change-named-one-worlds-fastest-growing-franchises/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-take-5-oil-changes-franchise-costs-fees-profit-and-data-2723018#:~:text=Driven%20Brands%20acquired%20the%20Take,over%20%24625%20million%20in%202021." target="_blank" rel="nofollow">Take 5 Oil Change Named One Of The World’s Fastest Growing Franchises</a></li><li><a href="https://www.take5franchise.com/why-take-5/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-take-5-oil-changes-franchise-costs-fees-profit-and-data-2723018" target="_blank" rel="nofollow">Why Take 5</a></li><li><a href="https://www.entrepreneur.com/franchises/directory/take-5-oil-change/335799?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-take-5-oil-changes-franchise-costs-fees-profit-and-data-2723018" target="_blank" rel="nofollow">Start a Take 5 Oil Change Franchise in 2023</a></li></ul>Disclaimer: This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction.All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.

Franchise Deep Dive: Take 5 Oil Change’s Franchise Costs, Fees, Profit and Data

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Franchise Deep Dive: Take 5 Oil Change’s Franchise Costs, Fees, Profit and Data

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