Take 5 Oil Change named top brand to buy by Franchise Times, wins Zor award

In the eighth year of the award given by Franchise Times, Take 5 Oil Change was named the winner in the Road Warriors category.

CHARLOTTE, N.C., March 6, 2024 /PRNewswire-PRWeb/ — Take 5 Oil Change announced today that its industry-leading business was recognized by Franchise Times as the winner in “Road Warriors” category of the Zor Awards. Zor is an abbreviation of Franchisor, and it’s the 8th year that the publication has given this award, which recognizes the best buys in franchising.

“We are extremely proud and honored to win this award from Franchise Times, which recognizes that Take 5 Oil Change is an incredible opportunity for franchisees,” said Danny Rivera, EVP and Chief Operating Officer, Driven Brands. “We have built Take 5 Oil Change into a leader in the quick lube space, with its simple operating model and great unit level economics. We have a highly sophisticated franchise base, and many of our owners have multi-unit retail experience and are signing development agreements for multiple locations, which shows the power of our platform.”

Because of the strong system-wide performance, 35% of Take 5 Oil Change’s franchisees in the U.S. have amended or signed additional area development agreements to increase the number of units they will open.

Franchise Times completes a multi-step process to select the Zor Award winners. They select industry categories designed to reflect industry momentum and appealing segments within franchising, identify contenders for each category, review financial metrics, complete a secondary review, and compile results from online voting.

“Take 5 Oil Change’s simple, fast, and friendly model resonates with customers, as evidenced by our NPS scores in the high 70s,” said Mo Khalid, EVP and President of Take 5. “We have a national brand with scale, which drives customer acquisition and retention.”

Vik Patel, a multi-store operator of Take 5 Oil Changes in multiple states, told Franchise Times, “One of the reasons that we’re growing aggressively with Take 5 is we’ve been pleased with not only the financial performance, but the support we’ve got from the franchisor and also the facilities and operations.”
Driven Brands acquired Take 5 Oil Change in 2016, and first started franchising the brand in 2017. Since then, the Company has grown Take 5 Oil Change to more than 1,000 stores, with over 300 being franchise locations.