![]() Operators will also have to pay a 7% royalty fee. ![]() 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. But this shop’s guaranteed fast service may be worth a few extra dollars. Some discount shops may have lower prices. Rates vary by location, but conventional oil changes start around 35, while synthetic starts around 60. It is an attractive business opportunity because it is a simple business model that has flexible labor requirements and real estate requirements. At Take 5, here is the full-service cost of each type of oil changefrom the most expensive to the cheapest: Castrol Edge Extended Performance (synthetic) 84.99. Compared to similar businesses, Take 5’s prices are competitive and affordable. 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. Now I understand why their competition is always busy, I will continue to take my service to the competitor for a lower price and quality service. 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.
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