Take 5 Oil Change Targets Tennessee
A new “take” on car care is coming to Tennessee
Take 5 Oil Change (Take 5), admired among drivers for its unique stay-in-your-car oil change and customer-centric approach fostering education, announced today a statewide franchising initiative. The growth plan, which calls for more than 50 locations in the state, pinpoints Knoxville as a key expansion region.
Already developing company-owned locations in both Nashville and Memphis, where openings are slated for the middle of this year, Take 5 intends to build out the rest of Tennessee by partnering with local owners via franchising.
Expanding the brand’s footprint into all corners of Tennessee is the next big Take 5 growth initiative. Today, with 30 years of successes behind it, there are nearly 300 locations from Texas eastward to Virginia and north to Ohio.
“When we enter new markets such as Knoxville, Take 5 becomes a game-changer…an instant force in the local car care scene,” said Ted Rippey, Vice President of Franchising for Take 5 Oil Change and an experienced automotive aftermarket franchise executive. “The concept stands alone in our category because of the speed, quality and convenience of our oil change service. These distinctions come along with great broader market tailwinds and an incredibly talented team joining me in guiding the franchising program.”
Also appealing to investors, Take 5 Oil Change is part of the Driven Brands family of automotive aftermarket services concepts. It stands with brands such as Meineke, Maaco, Carstar and 1-800-Radiator under the Driven Brands umbrella, benefitting from the operations, supply-chain, purchasing power, marketing and business finance knowhow of the organization. There are more than 2,500 locations in the Driven Brands family, generating $2.5 billion in annual systemwide sales.
“There are so many resources at our disposal, making it extremely attractive for franchise candidates to pursue an opportunity with Take 5,” added Rippey. “They can rest assured knowing that our brand has an incredible amount of experience and infrastructure to support them in every way”
Generating consumer demand with its unique drive-thru model that allows the customer to relax in the comfort of his or her car at all times for a complete oil change in less than 10 minutes, 2017 average franchisee adjusted EBIDTA is $356,625* on average sales of $1,259,684*. Plus, a simplified build-out results in a compact, clean and recognizable store design with flexible real estate requirements. And, the streamlined operating model commands staffing that does not necessitate specialized labor. Taken as a whole, the brand has earned a Net Promoter Score average of 95 percent and a repeat customer rate of 71.7 percent.
Oil changes drive the vast majority of Take 5 revenues, 85 percent, with ancillary services such as air filter and wiper blade changes, and transmission and radiator fluid replacements also available. As a result, there are no high-pressure upselling tactics needed.
“When you consider the benefits of getting oil changes done at Take 5, it is easy to see why our customer satisfaction is remarkably strong,” noted Rippey. “The sky is the limit in Knoxville because we’re solving a convenience pain point for drivers.”
The Take 5 franchise offering includes opportunities for single and multi-unit investors. Seasoned franchisees appreciate the comprehensive support that Take 5 provides, including real estate, construction, marketing and operations. The ideal franchisee is someone who is well capitalized and has a core competency in recruiting, training and managing a team.
Individuals and teams interested in franchising with Take 5 can learn more about the brand and about available territories by emailing Logan Sumner, Director of Business Development, at Logan.Sumner@drivenbrands.com.
About Take 5 Oil Change Founded in 1984 in Metairie, Louisiana, Take 5 Oil Change is revered as the “Fastest Oil Change on the Planet.” Today, there are nearly 300 locations in the Take 5 Oil Change system in 13 states. The brand is currently executing an aggressive franchise expansion initiative to grow into additional key U.S. markets with plans to add 80 new locations in the next 12 months across five new states. The brand commands consumer demand with its convenient, drive-thru oil change service completed in less than 10 minutes.