![]() Take 5 Oil Change requires an initial franchise fee of $35,000 and an average total investment of $1,188,000 to open a new franchise. How much does a Take 5 Oil Change franchise cost? Competition: These include other parent company brands such as Maaco, Carstar and Meineke.No financing: The franchisor does not offer its franchisees direct or indirect financing options.Not a part-time business: The business must be open full-time for at least 40 hours a week.Franchisees must be actively involved in the decision-making and day-to-day operations of their businesses. No absentee ownership: The Take 5 Oil Change franchise does not present a passive investment opportunity.Franchisees must have a retail facility, office space or warehouse to operate from. Not a home-based opportunity: The franchise cannot be operated from home or a mobile unit.These include national media, print advertising, regional advertising, email marketing, social media and targeted local market campaigns. Marketing and publicity: Take 5 Oil Change has proven marketing and advertising techniques to help franchisees create awareness about their centers and foster growth.Under the agreement, it does not license any other franchise or operate competing channels in the protected area. Exclusive territory protection: The franchisor allows its franchisees to operate in a protected area.This gives franchisees more real estate options to choose from and allows them to establish their shops from scratch or convert an existing one, reducing their development costs. Flexible franchise designs: The brand utilizes a simple franchise design of a 1/3-acre pad and 1,500-square-foot building.Also, it helps them with lease negotiations and establishing their franchise at a minimal cost. Real estate and site selection: The franchisor provides its franchisees with a data-driven real estate team to help them find the best location for their businesses.In addition, it offers them two weeks of supervision for their grand opening. Pre-opening training: The franchisor offers its franchisees a robust three-week training to prepare them on best management practices, sales and customer service.Take 5 Oil Change franchises pros and cons The Pros: It began franchising in 2016 and currently has 762 locations worldwide, including 173 franchises in the US and 558 company-owned franchises. It is part of the Driven Brands family, headquartered in Charlotte, North Carolina, alongside other brands such as Maaco, Carstar and Meineke. Take 5 Oil Change was established in 1984 in Metairie, Los Angeles, by Monty Montgomery. Also, it offers vehicle inspections, coolant services and seasonal tire changes. Take 5 Oil Change is an American quick lube service franchise featuring a unique drive-thru concept that allows customers to stay in their cars. Operators will also have to pay a 7% royalty fee.Download the template What is Take 5 Oil Change? Candidates are also required to have a net worth of $500,000 and $350,000 in cash. You can expect to have an initial investment that ranges between $217,969 - $911,990 and a $35,000 franchise fee. The brand is currently looking for operators across North America. 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. Automotive suppliers don't spoil, so you will enjoy not having to deal with waste every week. To ensure maximum transparency, customers stay in their car for the entire oil change in order to see what is happening. Additionally, the brand has proprietary technology will give you the data that you need to drive your business' margins. It is an attractive business opportunity because it is a simple business model that has flexible labor requirements and real estate requirements. The franchise is looking for multi-unit franchise owners that will building on the success of the brand's corporate locations. Since that time, the brand has grown to more than 630 locations across the U.S. The brand was founded in 1984 and began franchising in 2016. ![]() The brand is part of the Driven Brands umbrella of franchises and is an innovator in the oil change franchise category. If you want to get your piece of the booming automotive aftermarket industry, look no further than the Take 5 Oil Change franchise. This has driven the $20 billion oil change industry. In the U.S., there are more than 450 million oil changes performed annually.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |