Charlotte, N.C. — Take 5 Oil Change, a drive-thru quick lube franchise under the Driven Brands family, will open its 400th location in September. Last year, the brand celebrated its 300th-store milestone and has rapidly grown its footprint nationwide by opening 100 locations in only a year.
Additionally, during the first half of 2019, Take 5 signed area development agreements to open 58 new franchised locations and also acquired Advance Kwik Lube, a 25-unit quick lube and automotive service chain in Texas.
“2019 has proved to be the strongest year of growth for Take 5 with the acquisition of Advance Kwik Lube and a 97% year-over-year increase in signed area development agreements for Take 5 — a testament to the continued demand for fast, convenient oil change services nationwide,” says Jon Gaiman, chief development officer with Take 5. “We look forward to continuing this growth as we expand our footprint across the nation.”
Take 5’s 400th store, located in Covington, La., will be owned and operated by franchisee Pete Frey, who spent nearly 20 years with the company in various roles, including president/CEO and senior vice president of corporate culture. Frey was instrumental in working with Take 5’s founder, Monty Montgomery, to develop the brand’s current drive-thru service model. When Frey retired in 2018, he became a Take 5 franchisee.
“I wanted to stay active with Take 5, so it only took me about 15 seconds to say ‘yes’ when I was asked if I was interested in signing a franchise agreement,” Frey says, adding that he’s also developing a drive-thru of New Orleans-based PJ’s Coffee on the site. “I want to make our store a model example of what a Take 5 should be and show future franchisees why Take 5 is a strong investment opportunity. As the franchisor, Take 5 does the heavy lifting, so all franchisees have to do is focus on the customer experience, the playbook, our employee culture and profitability. We’re the perfect company to scale.”
Founded in Metairie, La., in 1984, Take 5’s stay-in-your-car oil change model has been operating successfully for more than 30 years. The fast-growing quick lube franchise is part of the Driven Brands family and is backed by Roark Capital. For more information, visit www.take5franchise.com or www.take5oilchange.com.
Driven Brands, headquartered in Charlotte, N.C., is the parent company of North America’s leading automotive aftermarket brands: Meineke Car Care Centers®; Maaco®; CARSTAR North America®; 1-800-Radiator & A/C®; and Take 5 Oil Change. Driven Brands has approximately 2,700 centers across North America. For more information, visit www.drivenbrands.com.
SOURCE: Driven Brands