Take 5 Oil Change Franchise FDD, Costs & Fees (2024)

KEY FRANCHISE STATS

All you need to know about this franchise in a snapshot

Initial franchise fee
$35,000
Investment required
$223,000 - $1,617,000
Royalty fee
7.00%

Take 5 Oil Change: Revolutionizing Speed and Convenience in Vehicle Maintenance

Take 5 Oil Change is a leading quick lube franchise specializing in fast, convenient, and efficient oil change services. Founded in 1984 in Baton Rouge, Louisiana, by Edwin R. Smith, Take 5 Oil Change has grown to become a prominent player in the automotive service industry. 

The franchise is headquartered in Baton Rouge, Louisiana, and began its franchising journey in 1996.

The core service offering of Take 5 Oil Change includes oil changes, fluid top-offs, and other preventive maintenance services for vehicles. 

The franchise is known for its emphasis on speed and convenience, with most services completed in just about 5 minutes, a significant factor in its name and brand identity. Take 5 Oil Change sets itself apart from competitors with its unique, no-appointment-needed model, allowing customers to receive services on a walk-in basis, which enhances convenience and accessibility.

Initial investment

Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.

Take 5 Oil Change offers 2 types of franchises:

Type of Franchise Initial Investment
Conversion Take 5 Oil Change Center $222,794 to $760,685
New (Ground-Up) Take 5 Oil Change Center $759,294 to $1,616,685

We are summarizing below the main costs associated with opening a New (Ground-Up) Take 5 Oil Change Center franchise.

For more information on the various types of franchises and its costs, refer to the Franchise Disclosure Document (Item 7).

New (Ground-Up) Take 5 Oil Change Center

Type of Expenditure Amount
Initial franchise fee $35,000
Building work $235,000 - $485,000
General site work $175,000 - $440,000
General conditions and fees $70,000 - $224,000
Due diligence, permits, design and plans $40,000 - $180,000
FF&E and Marketing Package $31,794 - $40,185
Software Installation Fee $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
Training fees, salaries and expenses during training $15,000 - $20,000
Grand opening advertising and marketing $20,000
Insurance $7,500
Additional funds – 3 months $52,000
TOTAL (excluding real estate costs) $759,294 - $1,616,685

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Number of units

2023
Franchised units

45

96

173

Company-owned units

475

508

558

Total units

520

604

731

Franchise Disclosure Document

Training 

Take 5 Oil Change Franchise provides comprehensive training to ensure that franchisees and their staff are well-prepared to deliver high-quality service. The training programs include:

  1. Initial Training: This program covers the essential aspects of running a Take 5 Oil Change location, including operations, customer service, and the franchise's unique selling propositions. It typically involves hands-on training at a corporate location.
  2. Operations Training: Focuses on the day-to-day operations of the service center, including oil change procedures, equipment use, and maintaining high standards of service efficiency and quality.
  3. Customer Service Training: Emphasizes the importance of delivering excellent customer service, handling customer interactions, and ensuring a positive experience for every client.
  4. Management Training: Designed for franchisees and store managers, this program covers leadership skills, staff management, financial management, and operational oversight to ensure effective store management.
  5. Ongoing Support and Training: Includes continuous education and updates on best practices, new products, and services, as well as access to a network of other franchisees and support from the franchisor.

Territory Protection

Take 5 Oil Change franchise offers territory protection to its franchisees. Each franchisee is granted an exclusive territory, which is defined based on a radius from their location to prevent competition from other Take 5 Oil Change outlets within the same area.

This territorial agreement helps franchisees to establish and grow their business without the immediate threat of competing Take 5 Oil Change franchises encroaching on their market.

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