About Take 5 Franchisor SPV Franchise
Take 5 is a quick service automotive franchise offering fast, stay in your car oil changes, lubrication, and related motor vehicle services.
Part of the Driven Brands family, the brand has been franchising since 2018 and is known for its speed, convenience, and customer focused service model that allows drivers to remain in their vehicles throughout the entire visit.
The initial franchise fee is $35,000.
Take 5 Franchisor SPV Franchise Cost & Fees
Minimum Investment
$734K
Average Investment
$1.0M
Maximum Investment
$1.3M
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $35,000 | One-time payment upon signing |
| Royalty Fee | 7% of Gross Sales of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | 5% of Gross Sales | National brand fund |
| Total Investment Range | $734,497 – $1,307,888 | Includes build-out, inventory, working capital |
The investment range of $734K–$1.3M reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (7% of Gross Sales) and marketing fee (5% of Gross Sales) are ongoing costs paid as a percentage of gross sales.
Investment Breakdown (Item 7)
| Item | Low | High |
|---|---|---|
| Initial franchise fee | $35,000 | $35,000 |
| Building work | $250,000 | $400,000 |
| General site work | $108,000 | $375,000 |
| General conditions and fees | $103,000 | $166,000 |
| Due diligence, permits, design and plans | $35,000 | $80,000 |
| FF&E Package | $30,997 | $39,388 |
| Software Installation Fee | $3,000 | $3,000 |
| Used oil system | $7,000 | $15,000 |
| Signage | $25,000 | $40,000 |
| Opening Inventory | $23,000 | $35,000 |
| 3 months’ rent and security deposit | $20,000 | $20,000 |
| Training fees, salaries and expenses during training | $15,000 | $20,000 |
| Grand opening advertising and marketing | $20,000 | $20,000 |
| Insurance | $7,500 | $7,500 |
| Additional funds – 3 months | $52,000 | $52,000 |
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | 50% of then current initial franchise fee (Currently, $17,500) |
| Renewal Fee | 50% of our then current initial franchise fee (Currently, $17,500) |
| Technology Fee | Currently, $200 per month |
| Audit Fee | Cost of audit, including fees of independent accountants and/or third-party vendors and the travel, room, board and compensation of our employees and authorized agents or representatives |
| Non-Recorded Payment | the greater of $1,500 or 120% of the Royalty Fees transferred from the Account for the last reporting period for which Gross Sales of the Center were recorded |
| Replacement Managing Director or Manager training | Our then current training fee (Currently, $5,000; we may increase this fee and charge up to $7,500.) |
| Supplemental and refresher training | Our then current charges (Currently, we charge up to $400 per person, per day for supplemental and refresher training provided at our headquarters; or up to $600 per person, per day, plus travel expenses and room and board for our employees, for onsite supplemental and refresher training.) |
| Additional guidance or support | Our then current charges (Currently, we charge up to $400 per person, per day for additional guidance and support provided at our headquarters; or up to $600 per person, per day, plus travel expenses and room and board for our employees, for onsite additional guidance and support.) |
| Annual/regional conference fees for additional attendees | Our then current registration fee (Currently, $0; we may increase this fee and charge up to $500 per attendee.) |
| Resale assistance fee | 10% of the purchase price for the Center |
| Relocation fee | Our then current relocation fee (currently, $2,500), plus costs and expenses |
| Credit card fees | Approximately 1% to 3% of Gross Sales |
| Inspection fee | Our then current inspection fee (Currently, $0, but we may charge up to $3,000, plus travel expenses and room and board for our employees.) |
| Management fee | 3% of Gross Sales |
| Conversion fees | Purchase price we paid for the Non-System Center (defined in Item 12) or fair market value (payable in cash), plus costs and expenses we incurred to acquire the Non-System Center (prorated if we acquired the Non-System Center as part of a multiple center purchase) |
| Customer complaint reimbursement | Out-of-pocket cost reimbursement |
| Non-approved opening | $2,500 for each day your Center is open without our approval |
| Interest | Highest legal rate (or in the absence of such rate, 2% per month) |
| Administrative fee | $500 |
| Insurance reimbursement | Premiums plus our costs, expenses and charges |
| Lease | Varies based on the Center’s market area |
| Sublease | Varies based on the Center’s market area |
| Public offering fee | Out-of-pocket cost reimbursement |
| Liquidated damages upon termination | See Note 7 |
| National Warranty Program | Net debit balances |
| Costs and attorneys’ fees | Will vary under circumstances |
| Indemnification | Will vary under circumstances |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 4 weeks for Managing Director and Center’s manager; 2 weeks for assistant managers |
| Classroom Training | 55 |
| On-the-Job Training | 120 |
| Training Location | Franchise Training Facility 5221 South Boulevard, Charlotte, North Carolina 28217 |
| Additional Training | Supplemental and refresher training programs, workshops, and educational seminars may be required for Managing Director, Center’s manager, and other designated personnel, with fees and travel expenses payable by the franchisee. |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | Protected |
| Exclusive Territory | No |
| Territory Size | Generally a 2-mile aerial radius from the Center’s front door, but may be smaller depending on market |
| Description | The Territory surrounding the Center generally will be a 2-mile aerial radius from the Center’s front door, but we may grant a smaller Territory depending on the particular market in which you locate the Center. We and our affiliates will not during the franchise term own or operate, or allow another franchisee or licensee to own or operate, another Take 5 Oil Change Center that has its physical location within the Territory, provided you are fully complying with the Franchise Agreement. |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 15 years from the opening date of the Center or, if shorter, the expiration date of the lease for the Premises |
| Renewal Term | 1 additional term of 15 years |
| Renewal Fee | $17,500 |
| Renewal Conditions | Sign current form of franchise agreement and other agreements; no default under agreements; substantial compliance with obligations; agree to remodel, renovate and/or upgrade Center to comply with current standards; provide notice; maintain possession of Premises; pay successor franchise fee; and sign release (if state law allows). |
| Transfer Fee | $17,500 |
| Transfer Conditions | Full compliance with Franchise Agreement and other agreements; transferee meets standards; transferee assumes obligations; all amounts due paid; transferee appoints acceptable managing director who completes training; transferee signs current form of franchise agreement and other agreements; price and payment terms do not adversely affect operation; franchisee or transferee pays training and transfer fee; franchisee and owners sign release (if state law allows); if franchisor obtains purchaser, franchisee pays 10% of purchase price (subject to cap). |
| Termination for Cause | Non-curable defaults include failure to open on time, unauthorized opening, failure to complete training, insolvency, abandonment, lease termination, repeated Manuals non-compliance, felony conviction, health/safety hazards, law violations, unauthorized transfer, misuse of Marks, insurance cancellation, confidentiality violations, or termination of other franchise agreements. |
| Non-Compete Period | 3 years |
| Non-Compete Details | Generally, for 3 years following expiration, termination, or authorized transfer, no owning interest in a Competing Business or related business at the Premises, within 5 miles of the Premises, or within 5 miles of any other Take 5 Oil Change Center. |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | The Managing Director must devote his or her entire time (no less than 40 hours per week) to the management of the Center or other Take 5 Oil Change Centers. If the Managing Director dies or becomes disabled or resigns, a substitute acceptable managing director must be appointed within 6 months or 60 days, respectively, who meets franchisor qualifications. |
| Required Suppliers | You currently must buy oil bearing a brand we designate and only from suppliers that we designate or approve. Additionally, you currently must buy oil filters, air filters, wiper blades, coolant flush, and other materials and supplies (including merchant accounts) only from suppliers that we designate or approve, which suppliers may include us and/or our affiliates. Currently, we, Spire Supply, and/or another affiliate are the exclusive suppliers of the Opening Inventory for your Center. |
| Supply Restrictions | All motor vehicle oil, lubricants and other products, materials and supplies sold and used in the operation of the Center will be a brand designated by us and, if we require, purchased only from suppliers or distributors that we designate or approve (which may include or be limited to us or our affiliates) through any manner or method designated by us. You must buy all plastic bulk oil storage tanks, bay system cabinetry and other automotive shop equipment, lube equipment, alarm and surveillance system products, oil tank remote monitoring devices, telephones, and Brand Technology hardware and software only from suppliers that we designate or approve. |
| Franchisor Revenue from Suppliers | During our 2021 fiscal year, we and our affiliates received $666,088 in rebates from suppliers based on franchisee purchases. In addition, during our 2021 fiscal year, Spire Supply received $1,403,656 in revenue from selling or leasing lubricant (oil)-related ancillary parts (such as oil filters, wiper blades, cabin air filters, and coolant) to franchisees for resale to Take 5 Oil Change Center customers. Additionally, our affiliate received $18,245,905 in revenue from the sale of lubricants (oil) to franchisees. |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | No |
| Description | We do not offer direct or indirect financing. We do not guarantee your note, lease or obligation. |
Take 5 Franchisor SPV Franchise Earnings — Item 19
Average Revenue
$1.1M
Median Revenue
$1.0M
Revenue Range
$411K – $2.6M
Sample Size
164 units
Past financial performance does not guarantee future results. Individual results will vary.
Take 5 Franchisor SPV Litigation & Risk Flags
2 Pending Actions ListedReview the full FDD for details on pending litigation.
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Take 5 Franchisor SPV System Growth
Total Units
670
Franchised
134
Company-Owned
536
Take 5 Franchisor SPV currently operates 134 franchised locations and 536 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2019 | 134 | 6 | 477 |
| 2020 | 74 | 4 | 547 |
| 2021 | 123 | 0 | 670 |
Transfers: 2 | Closures: 10
State Registrations
Registered in 14 states: CA, HI, IL, IN, MD, MI, MN, NY, ND, RI, SD, VA, WA, WI
Franchisor Financials (Item 21)
Revenue
$209K
Net Income
$133K
Total Assets
$531K
Audited by Grant Thornton LLP for year ending December 25, 2021.
Take 5 Franchisor SPV Franchise — FAQ
The total investment to open a Take 5 Franchisor SPV franchise ranges from $734,497 to $1,307,888, per their Franchise Disclosure Document. This includes the initial franchise fee of $35,000. The investment covers build-out, inventory, equipment, signage, working capital, and other startup costs.
Take 5 Franchisor SPV charges a royalty fee of 7% of Gross Sales of gross sales, plus a 5% of Gross Sales contribution to the marketing/advertising fund. These fees are paid on an ongoing basis.
You can download the Take 5 Franchisor SPV Franchise Disclosure Document free on this page. The FDD is a public document filed with state franchise registries. Always also request the current FDD directly from Take 5 Franchisor SPV to ensure you have the most up-to-date version.
According to the Item 19 financial performance representation in their FDD, Take 5 Franchisor SPV franchise owners report average revenue of $1.1M and median revenue of $1.0M. This is based on a sample of 164 units. Past performance does not guarantee future results.
Take 5 Franchisor SPV has been franchising since 2018. The FDD shows an investment range of $734,497-$1,307,888, a 7% of Gross Sales royalty, and includes an Item 19 earnings disclosure. There are 2 pending litigation action(s). Review the full FDD and contact current franchisees listed in Item 20 before making any investment decision.
The franchise fee is $35,000 and the total investment ranges from $734,497 to $1,307,888 depending on location size and market. Contact the franchisor directly for current net worth and liquid capital requirements, territory availability, and application details.
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Data Source & Disclaimer: This website is for informational purposes only. It is not an offer to sell or buy a franchise. This profile is based on publicly available FDD data sourced from state franchise registry filings. All information is for research purposes only and does not constitute legal, financial, or investment advice. Data may be outdated or contain errors. Always obtain the current FDD directly from Take 5 Franchisor SPV and consult a qualified franchise attorney before making any investment decision. FranchiseOverview.com is operated by Franchising Compliance, LLC and is not affiliated with Take 5 Franchisor SPV or any of its subsidiaries. To report an inaccuracy: info@franchiseoverview.com