Take 5 Oil Change named one of the world’s fastest growing franchises
Driven Brands' Take 5 Oil Change was named as one of the fastest-growing franchises by Entrepreneur magazine.
Take 5 Oil Change® continues to gain recognition as one of the fastest-growing franchise opportunities. Take 5 was ranked number 42 of 150 in Entrepreneur magazine’s March 2022 list of the Fastest-Growing Franchises.
The fastest-growing ranking is based on the net total new units (franchises and company-owned) added worldwide from July 2020 to July 2021, as verified by Entrepreneur magazine, with ties broken based on percentage growth.
“We’re honored to be ranked as one of the fastest-growing franchises,” said Danny Rivera, Executive Vice President & Group President of Maintenance for Driven Brands. “Our franchisees and employees work hard every day to reinforce our brand promise, delighting customers and ultimately fueling further growth and expansion.”
Take 5 was #152 on the Franchise Times Top 400 and #161 on Entrepreneur Magazine’s 2022 Franchise 500. Last year, Take 5 was awarded the J.D. Power Award for highest overall customer satisfaction in quick oil change.
Take 5 Oil Change pioneered the stay-in-your-car oil change model, servicing cars in 10 minutes with a commitment to fast and friendly service.
Driven Brands acquired the Take 5 Oil Change brand in 2016 and have since grown the business by more than 13 times: from less than 50 units to more than 700; 23% of those are franchised. In that time, systemwide sales have grown from $43 million to over $625 million in 2021. The pipeline for new Take 5 locations is 700, with the majority franchised.