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Description
Investment Icon

Initial Investment Overview for Take 5 Franchise

The Take 5 franchise presents a range of investment requirements, with a low initial investment of approximately $232,794 and a high of up to $2,033,733. The franchise fee is set at $45,000, which is a standard entry cost for many franchise opportunities. Prospective franchisees should be prepared for ongoing fees, including a 7% royalty fee and a 5% marketing fee. Additionally, a cash reserve of $500,000 to $1,000,000 is recommended to ensure adequate liquidity for operational needs.

Fees Icon

Revenue Potential for Take 5 Franchise

The Take 5 franchise demonstrates strong revenue potential, with an average annual revenue per unit reaching $1,419,693. The median annual revenue stands at $1,161,512, while units may generate as low as $255,888 or as high as $3,331,375 annually. This variance highlights the importance of location and management effectiveness. With a breakeven time of just 12 months, franchisees can expect a relatively quick return on their investment.

Revenue Icon

Operational Insights for Take 5 Franchise

Understanding the operational expenses is crucial for Take 5 franchisees. Average operating expenses total around $632,745 annually, which includes payroll costs of $285,175, marketing fund contributions of $70,985, and occupancy expenses of $91,656. With an EBITDA of $394,793, representing 27.8% of revenue, franchisees can identify key areas for cost management and profitability optimization.

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Growth Trajectory of Take 5 Franchise

The Take 5 franchise has shown significant growth, increasing from 64 franchised units in 2021 to 227 in 2023. This expansion reflects a robust franchise model and increasing brand recognition. Additionally, corporate-owned units have also grown from 534 to 644 during the same period. This upward trend indicates a strong market presence and potential for future franchisee success within the Take 5 network.

Take 5 Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

Net Worth Required icon The minimum total assets (minus liabilities) you must possess.

i Net Worth Required:

$500,000 - $1,000,000
Investment Payback icon The estimated period to recoup your total investment.

i Investment Payback:

30 Months
Franchise Fee icon The initial fee paid to join the franchise system.

i Franchise Fee:

$45,000
Royalty Fee icon Ongoing percentage of revenue paid to the franchisor.

i Royalty Fee:

7%
Marketing Fee icon Regular contribution toward the franchise’s advertising fund.

i Marketing Fee:

5%
Breakeven Time icon The estimated timeframe to recover your initial costs.

i Breakeven Time:

12 Months
Initial Investment icon The total amount required to launch the franchise.

i Initial Investment:

$232,794 - $2,033,733
Cash Required icon The minimum liquid capital you must have on hand.

i Cash Required:

$500,000 - $1,000,000
Average Revenue icon The typical yearly revenue generated per franchise location.

i Average Revenue:

$1,419,693
Median Revenue icon The middle value of yearly revenue among franchise locations.

i Median Revenue:

$1,161,512
Highest Revenue icon The largest reported annual revenue among franchisees.

i Highest Revenue:

$3,331,375
Lowest Revenue icon The smallest reported annual revenue among franchisees.

i Lowest Revenue:

$255,888
Industry icon A broad sector defining similar types of franchise businesses.

i Industry:

Automotive Franchises
Category icon A more specific division within the broader industry.

i Category:

Oil Change
Leadership icon The key individuals guiding the franchise’s strategy and growth.

i Leadership:

Jonathan Fitzpatrick
Corporate Address icon The official business address of the franchisor’s headquarters.

i Corporate Address:

440 S. Church Street, Suite 700, Charlotte, North Carolina 28202
Funding Year icon Available financing options to help start the franchise.

i Funding Year:

2018
Parent Company icon The main organization that owns the franchise brand.

i Parent Company:

Driven Brands

Take 5 Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes.

The overall number of operating franchise locations.

Total Units i

871
The number of locations owned by independent franchisees.

Franchised Units i

227
The number of locations owned and run by the franchisor.

Corporate Units i

644
Units 2021 2022 2023
Total Units 598 714 871
Net Change YoY 116 157
Franchised Units 64 134 227
Net Change YoY 70 93
Corporate Units 534 580 644
Net Change YoY 46 64
Investment About

Investment Overview

The Take 5 franchise presents a compelling investment opportunity with an initial investment range from $232,794 to $2,033,733, including a franchise fee of $45,000. Prospective franchisees should be prepared with liquid assets between $500,000 and $1,000,000, along with a net worth of the same amount to meet the financial requirements for ownership.

Potential About

Revenue Potential

Take 5 franchises have demonstrated strong revenue potential, with average annual revenues per unit reaching $1,419,693. The median revenue stands at $1,161,512, while units can generate anywhere from $255,888 to an impressive $3,331,375 annually. This range highlights the scalability and profitability of the franchise model.

Metrics About

Operational Performance

Franchisees can expect a breakeven time of approximately 12 months, indicating a relatively quick return on investment. The investment payback period is estimated at 30 months, allowing franchisees to recoup their initial investment and begin realizing profits within a reasonable timeframe.

Fees About

Franchise Growth

Take 5 has experienced significant growth in its franchised units, expanding from 64 units in 2021 to 227 in 2023. This upward trend reflects the brand's increasing popularity and market presence, providing new franchisees with a robust support network and established operational practices.

Breakeven About

Financial Metrics

The financial metrics for Take 5 franchises reveal a gross profit margin of 72.4%, with operating expenses accounting for 30.4% of revenue. This results in an EBITDA of 27.8%, showcasing the franchise's ability to generate substantial profit while maintaining manageable operating costs.

Units About

Ongoing Fees

Franchisees are subject to a royalty fee of 7% on gross sales, along with a marketing fee of 5%. These ongoing fees contribute to the overall brand visibility and support provided by Take 5, ensuring franchisees benefit from collective marketing efforts and brand strength while managing their operational expenses.

Frequently Asked Questions

The initial investment for a Take 5 franchise ranges from $232,794 to $2,033,733. This includes the franchise fee of $45,000 and other startup costs.