Risk Score
Pending analysis
Investment Range
$287,145 - $2,053,642
Min Cash Required
$52,000
Total US Locations
1,142
Business Summary
Take 5 Oil Change operates motor vehicle centers under the TAKE 5 brand and other trademarks. These centers offer quick, customer-oriented oil changes, lubrication, and related motor vehicle services and products, allowing customers to remain in their cars during service.
Corporate History
Take 5 Franchisor SPV LLC was organized as a Delaware limited liability company on February 23, 2018. The Take 5 Oil Change system was acquired by Driven Brands in October 2015. Take 5 Franchising LLC, a predecessor affiliate, offered franchises for Take 5 Oil Change Centers from April 2017 until April 2018. Since April 2018, Take 5 Franchisor SPV LLC has been the franchisor for all existing and future Take 5 franchise agreements. An affiliate, Take 5 Properties SPV LLC, currently owns and operates 710 Take 5 Oil Change Centers in the United States.
Financial Overview
Investment Range
$287,145 - $2,053,642
Franchise Fee (High)
$45,000
Minimum Cash Required
$52,000
Minimum Net Worth
$500,000
Royalty %
7%
Marketing %
5%
Equipment Costs (Low)
$101,645
Equipment Costs (High)
$1,851,142
Working Capital
$52,000
Audited Financials
Yes
Offers Financing
No
Audit Opinion
Unqualified opinion
Financial Health Notes
The financial condition of Take 5 Franchisor SPV LLC, as reflected in its financial statements, raises questions about its ability to provide services and support to franchisees. Management is required to assess whether conditions or events, when considered together, create significant doubt about the company's ability to continue operations for one year after the financial statements are issued. This is highlighted as a special risk for potential franchisees.
Financing Details
Take 5 Franchisor SPV LLC does not offer any direct or indirect financing. It also does not guarantee any franchisee's notes, leases, or other obligations. Franchisees are responsible for arranging their own funding.
Performance Metrics
Total US Locations
1,142
Franchised Units
432
Corporate Units
710
Avg Square Footage
1,800
Franchising Since
2018
Legal & Compliance Analysis
Recent Litigation
Yes
Bankruptcy
No
Litigation Count
8
Litigation Summary
Take 5 Franchisor SPV LLC and its affiliates have been involved in several legal actions. One pending class-action lawsuit, filed in December 2023, alleges that Take 5's parent company, Driven Brands Holdings, made material misstatements in its quarterly filings. Two other shareholder derivative complaints, filed in January and April 2025 respectively, echo these allegations, claiming breaches of fiduciary duty and other violations; these cases are currently stayed. A former franchisee of Take 5 Canada, an affiliate, filed a lawsuit in December 2022 alleging breach of disclosure and fair dealing provisions, claiming their franchise agreement was terminated prematurely. Another ongoing case, filed in December 2020, involves a franchisee suing Take 5 Canada and others for allegedly not honoring an exclusive territory and improperly giving a location to another franchisee. In addition, Take 5's affiliates, Arby's and Dunkin', settled multiple state actions in 2019 regarding "no-poaching" clauses in their franchise agreements, agreeing to remove or not enforce these provisions. Dunkin' also settled a lawsuit with the NY Attorney General in 2020 related to cyberattacks, paying $650,000 in penalties and agreeing to enhance information security. Take 5 Franchisor SPV LLC is not directly implicated in these affiliate-specific settlements.
Bankruptcy History
Take 5 Franchisor SPV LLC does not have any reportable bankruptcy history.
Agreement Terms
Initial Term
15 years
Renewal Term
15 years
Renewal Conditions
To renew, Take 5 Oil Change Center franchisees must give written notice between 6 and 12 months before their initial agreement expires. They must not be in default of their franchise agreement or any other agreements with Take 5 Franchisor SPV LLC or its affiliates, and must have substantially complied with all terms. Franchisees must agree to refurbish, renovate, or upgrade their center to meet Take 5's then-current standards. They must also maintain possession of the premises, pay a successor franchise fee equal to 50% of the then-current initial franchise fee, and, if allowed by state law, sign a general release of claims against Take 5 Franchisor SPV LLC and its affiliates. Failure to return renewal agreements within 60 days of receipt will be considered a decision not to renew.
Training & Support Program
Franchisor Assistance
Before a Take 5 Oil Change Center opens, Take 5 Franchisor SPV LLC assists franchisees by accepting suitable sites, approving leases, providing standard plans and specifications for the center's design, and providing initial training for the Managing Director and other key personnel. They also approve the franchisee's financing arrangements and grand opening marketing program, and supply operating manuals. During operation, Take 5 Franchisor SPV LLC offers ongoing advice based on reports and inspections, provides supplemental and refresher training programs, issues operational standards, develops group purchasing programs, and administers national customer warranty and guarantee programs. They continue to provide access to operational manuals, permit the use of their trademarks and confidential information, and administer marketing funds.
Initial Training Hours
175
Training Location
Franchise training facility in Charlotte, North Carolina
Ongoing Support
After opening, Take 5 Oil Change Center franchisees receive ongoing advice on center operations based on their reports and inspections. Take 5 Franchisor SPV LLC also provides supplemental and refresher training programs, and may require the Managing Director or other personnel to complete these courses and attend annual or regional conferences, for which fees and travel expenses apply. The franchisor continues to issue and update operational standards, develop group purchasing programs for products and supplies, and administer national customer warranty and guarantee programs. Franchisees maintain access to operational manuals and are supported in their use of Take 5 trademarks and confidential information. Take 5 Franchisor SPV LLC also administers marketing funds for advertising and promotional programs.
Franchise Requirements
Industry Experience Required
No
Management Experience Required
No
Sales Experience Required
No
Technical Skills Required
No
Operational Details
Location Type
Retail
Owner Participation
Full-Time
Territory Type
Non-Exclusive
Territory Size Requirements
Take 5 Oil Change Center territories are generally defined as a 2-mile aerial radius from the front door of the center, though Take 5 Franchisor SPV LLC may grant a smaller territory depending on the specific market. For Area Development Agreements, development areas are described using county boundaries, with sizes and boundaries varying based on market conditions, the number of centers to be developed, demographics, and site availability.
Staffing Notes
Take 5 Oil Change Centers must operate under the direct, on-premises supervision of a Managing Director. This Managing Director must dedicate at least 40 hours per week to managing the center or other Take 5 Oil Change Centers. If a Managing Director oversees multiple centers, each center needs a certified shop and assistant manager for direct on-premises supervision during all shifts, as detailed in the Manuals. Take 5 Franchisor SPV LLC clarifies that it does not control franchisee labor or employment matters; franchisees are fully responsible for their employees' training, compensation, work schedules, and other employment conditions.