Take 5 Oil Change Franchise - Oil-Change Services
Take 5 Oil Change Franchise Opportunities
Take 5 Oil Change franchise company was founded in 1984. Since the time the brand has provided quick oil changes and maintenance services. However, later on in 1996 the company launched a fast drive-thru oil change and it led to the rapid growth of the chain. In 2016 the brand offered the first Take 5 Oil Change service franchise for sale. For the 15 years the business has already grown to 75 units including 31 franchise locations operating abroad. The main benefits which the business has over their competitors is a simple concept, focus on education for franchisees and staff, affordable franchise cost & fees, and a scalable business model. Read the investment information to find out more about Take 5 Oil Change service franchise opportunities.
How to open the Take 5 Oil Change franchise?
- Ensure you have adequate capitalization.
In order to open the Take 5 Oil Change service franchise, you must have a net worth of $500,000.
- Appreciate the investment required for an oil-change service franchise.
You will need to consider real estate costs, the cost of equipment and signs, the costs of licenses and permits, the cost of uniforms, the cost of insurance, etc.
- Evaluate your prior experience and strengths.
You should thoroughly evaluate your prior business experience before applying to become a Take 5 Oil Change oil-change service franchise owner.
- Assess market availability.
You will want to look at the market availability for Take 5 Oil Change franchises and see if there are available markets in your location of interest before proceeding with the franchising application.
- Submit your application.
Your application will be reviewed by the Take 5 Oil Change franchise team. You will be emailed a confirmation receipt upon reception of your online application, where we will additionally provide the contact details of the franchise owner.
- Receive approval & opening your Take 5 Oil Change franchise.
You will receive franchise approval once your financial and background checks are completed. Approval will only be given to candidates who meet all the requirements of franchise owners.
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How much does Take 5 Oil Change franchise cost?
Take 5 Oil Change has a franchise fee of up to $35,000, with a total initial investment range of $216,469 to $905,490.
Net-worth Requirement: $500,000
Liquid Cash Requirement: $300,000
Take 5 Oil Change Initial Investment
Initial Investment: $216,469 - $905,490.
Initial Franchise Fee: $35,000
Ongoing Royalty Fee: 7%
Ad Royalty Fee: 5%
Are you interested in starting Take 5 Oil-Change service in the USA, Canada, India, Pakistan, the UAE, the UK, Germany, or another country?
We provide estimated franchise costs for some countries:
- - In the United States, the total investment to start the Take 5 Oil Change service is around $216,469 to $905,490
- - In Canadian dollar, the investment comes around Can$ 261,656 to Can$ 1,094,511
- - In Indian currency, the investment comes around Rs 1.58 to Rs 6.61 crores.
- - In Pakistani currency, the investment comes around PKR 33,7 - PKR 141 million.
- - In currency of the United Arab Emirates, the investment comes around AED 795,087 - 3,32 million.
- - In currency of the United Kingdom, the investment comes around British pound sterling 152,653 to 638,551.
- - In currency of Germany, the investment comes around EUR 177,634 to EUR 743,045
Take 5 Oil Change website: www.take5oilchange.com
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Starting investments from:$216,469
- Company foundation year1984
- Year of launching the franchise2016
- Franchise enterprises:76
- Franchisees in USA:45
- Franchisees in other countries:31
- Corporate Address:440 S. Church St. Charlotte, NC 28202