Quick lube franchise moves up considerably on the Franchise Times Top 400 and Entrepreneur Franchise 500 lists, opens 300th franchised location in U.S.
CHARLOTTE, N.C., Oct. 23, 2023 /PRNewswire-PRWeb/ -- Take 5 Oil Change continues to rise as a leading franchise in the quick lube industry, achieving significant milestones this fall. The stay-in-your-car oil change franchise recently climbed the ranks on the Franchise Times' Top 400 and Entrepreneur's Franchise 500 lists. The rise in recognition preceded the grand opening of Take 5 Oil Change's 300th franchise location in the U.S. on October 20, 2023.
With a significant leap to #87 from Take 5 Oil Change's previous ranking of #134 on the Franchise Times Top 400 in 2022, the brand has made great strides in its mission to become a leading franchise since opening its first franchise location in 2017. The franchise's impressive growth trajectory is underscored by its overall rank as the fifth fastest growing franchise by sales growth (47.6%)*, and the eighth fastest growing franchise by store count (20.2%)*. Take 5 Oil Change also moved up over 50 spots from its previous ranking to #106 on Entrepreneur's Franchise 500 list for 2023.
"We are thrilled to share these remarkable achievements with our valued franchisees, partners, and loyal customers," said Mo Khalid, EVP and Group President, Maintenance, at Driven Brands. "Our growth and recognition in the industry are a testament to our commitment to excellence, innovation, and delivering top-notch service. As we celebrate our 300th U.S. franchise location, we look forward to continuing our expansion journey, all while prioritizing the satisfaction of our customers."
The grand opening of the 300th franchised Take 5 Oil Change in the U.S. took place in Decatur, Georgia, thanks to the dedicated efforts of the Toxaway Automotive Group. This marks the 11th Take 5 Oil Change shop opened by the franchise group, which embarked on their journey with the brand in 2020. This achievement represents just one of the many milestones on the horizon for Take 5 Oil Change, with its current pipeline of 300 upcoming locations, with the majority franchise owned. The brand currently operates more than 900 shops across the U.S. and Canada.
For more information about Take 5 Oil Change and its services, please visit https://www.take5.com/oil-change/. To learn more about Take 5 Oil Change franchise opportunities, visit: https://take5franchise.com/
*These are estimates reported by the Franchise Times.
About Take 5 Oil Change
Established in 1984, Take 5 Oil Change® is a quick lube service featuring a unique drive-thru concept that allows customers to never leave the comfort of their car. The brand offers an on average 10-minute oil change service and ancillary services such as air filter replacement, wiper blade changes, and coolant exchanges. Take 5 has more than 800 company-owned and franchised service centers throughout the United States and Canada. Take 5 Oil Change is a member of Driven Brands, the largest automotive services company in North America. For more information, visit https://www.take5.com/oil-change/.
About Driven Brands
Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash. Driven Brands is the parent company of some of North America's leading automotive service businesses including Take 5 Oil Change®, Take 5 Car Wash®, Meineke Car Care Centers®, Maaco®, 1-800-Radiator & A/C®, Auto Glass Now®, and CARSTAR®. Driven Brands has more than 4,800 locations across 14 countries, and services over 70 million vehicles annually. Driven Brands' network generates approximately $2.1 billion in annual revenue from more than $5.8 billion in system-wide sales.
Media Contact
Devon Prince, Take 5 Oil Change, 3605677341, [email protected], https://www.take5.com/oil-change/
SOURCE Take 5 Oil Change
Share this article