Take 5 Oil Change franchise
A drive-through quick-lube center where customers stay in their vehicles while technicians perform oil changes, lubrication and related light motor-vehicle services and sell filters, wiper blades and similar products.
Older document. This profile is based on a document that may not be the franchisor’s most recent FDD. Figures can have changed; obtain the current FDD before relying on any number here.
Manager-run permitted Disclosed
- Source
- 2025 Franchise Disclosure Document — Take 5 Franchisor SPV LLC, as amended December 29, 2025
- Document
- FDD 2025, issued 2025-06-13, amended 2025-12-29
- Item
- Item 15
- Page
- PDF p. 70
- Obtained
- Minnesota Department of Commerce — CARDS Franchise Registrations, file 10913
The Franchise Agreement names a 'Managing Director' who holds full managerial responsibility and must devote at least 40 hours a week to the center, under direct on-premises supervision. Item 15 does not require that person to be an owner, so an approved full-time manager may run the business. A Managing Director covering more than one center must place each center under a certified shop and assistant manager who has completed franchisor training. Under an Area Development Agreement the Managing Director must be hired and trained before the first center opens.
What stands out
- New ground-up build estimated at $912,248–$2,053,642 excluding real estate; conversion of an existing quick lube $287,145–$1,013,587.
- $45,000 initial franchise fee, plus $3,000 software installation and a $20,000 grand opening contribution due at signing; 7% royalty and 5% marketing fund on Gross Sales.
- Franchised centers open at least a year averaged $1,235,518 in FY2024 Gross Sales (median $1,137,962) across 323 outlets; 42% reached the average.
5 more observations
- The only cost/EBITDA table is modelled from 298 affiliate-owned centers, not franchisee results, and excludes depreciation, debt service, owner pay and administration.
- Franchised outlets grew 134 to 432 over FY2022–FY2024 with 2 terminations, no non-renewals and 4 reacquisitions; affiliate-owned centers grew 534 to 710.
- Approximately 90% to 100% of purchases must come from the franchisor, affiliates or designated suppliers; affiliates booked over $90 million of franchisee-related product revenue in FY2024.
- 15-year term, 2-mile non-exclusive territory, no franchisee right to terminate, and liquidated damages of 36 months of royalties on early termination.
- Item 3 lists 11 matters against the parent group and affiliates, including a securities class action and four derivative suits; Item 4 discloses no bankruptcy.
Things to verify
- Registry observation: the Wisconsin registration expired during 2025 and Minnesota entered an Order of Cancellation in July 2026. Confirm the brand's current registration status and ask for the newest FDD.
- Ask why Item 6 gives the transfer and successor fees as $17,500 while describing them as 50% of the initial franchise fee, which Item 5 states is $45,000.
- The cover pages carry a state-required statement that the franchisor's financial condition calls into question its ability to provide support; review the Item 21 financial statements and the Driven Systems guarantee with an accountant.
5 more questions
- Item 19's only profitability data is modelled from affiliate-owned stores; ask franchisees listed in Exhibit G for their own sales, occupancy costs and debt service before building a projection.
- Item 7 excludes land and building purchase, and the franchisor notes affiliate occupancy costs in Item 19 may understate current market rents; price your own site and rent.
- Affiliate-owned centers outnumber franchised centers and 85 more company openings are projected next year; confirm how company and franchised development are coordinated near your market.
- Initial franchise fees actually collected in fiscal 2024 ranged from $0 to $35,000 under incentive programs; ask what programs, if any, apply now.
- The post-term non-compete runs 3 years within 5 miles of any Take 5 center, a radius that grows with the system; have counsel review its effect on your exit options.
Category cost placeholders, not a forecast. This snapshot uses the default inputs; the calculator below updates when you edit them.
Evidence confidence: Medium. This describes source support, not investment quality. AI-extracted and machine-verified where stated; no human line-by-line review. Source and review record.
Read the full research overview
A Take 5 franchisee builds and runs a drive-through quick-lube center — typically about 1,800 square feet with three bays — where customers stay in their cars for oil changes, lubrication and related light services. The franchisor is Take 5 Franchisor SPV LLC of Charlotte, North Carolina, an indirect subsidiary of the publicly traded Driven Brands Holdings Inc.; it has offered franchises since April 2018 and its predecessor since April 2017, and it has never operated a center itself.
A new ground-up center is estimated at $912,248 to $2,053,642 excluding any purchase of real estate, which makes this one of the more capital-intensive automotive formats; converting an existing quick lube is estimated at $287,145 to $1,013,587. The initial franchise fee is $45,000, with a $3,000 software installation fee and a $20,000 grand opening contribution also due at signing. Ongoing fees are a 7% royalty and a 5% marketing fund contribution on Gross Sales, plus $249 a month for software ($416 with optional surveillance), with roughly 90% to 100% of purchases sourced from the franchisor, its affiliates or designated suppliers. The term is 15 years with one 15-year successor term.
Item 19 is detailed but must be read carefully. For franchised outlets it reports average fiscal 2024 Gross Sales of $1,235,518 across 323 centers open at least a year (median $1,137,962; range $409,268 to $3,637,350), and a ramp from about $901,665 in Year 1 to $1,333,101 in Year 3. The only cost and EBITDA data comes from 298 affiliate-owned centers adjusted to a franchisee's cost structure, producing an average 4-Wall EBITDA of $362,201 before depreciation, debt service, owner pay and administration. No actual franchisee profit figures are disclosed.
The system has expanded fast with almost no attrition: franchised outlets went from 134 to 432 between fiscal 2022 and fiscal 2024 on 304 openings, against 2 terminations, no non-renewals and 4 reacquisitions, while affiliate-owned centers grew from 534 to 710. Item 3 discloses 11 matters, all against the parent group or affiliates rather than the franchisor, including a securities class action, four derivative suits and a Maaco franchisee complaint over advertising funds. The cover pages carry a state-required warning about the franchisor's financial condition and about out-of-state dispute resolution in North Carolina.
View ratings and their supporting evidence
Transparent ratings
How these are computedEach dimension is scored 1–5 from published formulas. Missing data yields “Not enough evidence to rate”, never a low score. There is no composite score by design.
How the system has performed, computed from the disclosed Items 7, 19 and 20. Figures a documented material source inconsistency puts in doubt are excluded, and the dimension shows “Not rated”.
Inputs
- Franchised outlets 134 → 432 (Item 20, Table 3)
- Thresholds: ≥15% → 5; 5–15% → 4; 0–5% → 3; −5–0% → 2; below −5% → 1
Inputs
- Attrition = (terminations + non-renewals + reacquisitions + ceased-other) ÷ start-of-year franchised units, averaged over 3 fiscal years
- Thresholds: <2% → 5; 2–4% → 4; 4–6% → 3; 6–10% → 2; >10% → 1
Inputs
- AUV $1,235,518 (disclosed) ÷ midpoint investment $1,482,945 = 0.83×
- Thresholds: ≥2.0 → 5; 1.5–2.0 → 4; 1.0–1.5 → 3; 0.7–1.0 → 2; <0.7 → 1
How much this brand’s FDD discloses, and how well-supported our data on it is. This measures transparency, not business performance — a strong business that discloses little scores low here and stays unrated above.
Inputs
- Item 19 present (+1)
- Average plus median or a distribution (+1)
- Population 75% of franchised units, clearly described (+1)
- Cost or profit data disclosed (+1)
- Multi-year or cohort data (+1)
- Franchisor Track Record
- Franchising 9 years (since 2017) · 1,142 outlets · Item 3: 11 matter(s) disclosed · Item 4: none disclosed
- Multi-Unit Scalability
- Multi-unit development is offered under an Area Development Agreement covering a defined Development Area and a mandatory Development Schedule. The minimum c… · Manager-run permitted
- Operational Intensity
- Manager-run permitted
Initial investment
FDD Items 5 and 7Format shown: New (ground-up) Take 5 Oil Change Center
$912,248–$2,053,642 total initial investment. Excludes real estate purchase. Includes 3 months of additional funds.
View full investment breakdown — Items 5 & 7
| Initial franchise fee (the named Item 5 fee only) | $45,000 Disclosed
Waived/reduced under incentive programs; FY2024 fees paid ranged $0 to $35,000 due to discounts, not the standard new-franchisee rate. Other required Item 5 payments to the franchisor are listed separately below — this figure is the named fee only. |
|---|---|
| Other required initial payments to the franchisor (Item 5) |
|
| Total Item 5 payments to franchisor/affiliates | $120,497 Derived
$142,388 Derived
|
| Total initial investment — low | $912,248 Disclosed
|
| Total initial investment — high | $2,053,642 Disclosed
|
| Midpoint of range | $1,482,945 Derived
|
| Real estate purchase included? | No — assumes a leased site |
| Additional funds assumed | 3 months |
| Required liquid capital | Not disclosed in the reviewed source Not disclosedNot disclosed in the reviewed source. We did not find this value in 2025 Franchise Disclosure Document — Take 5 Franchisor SPV LLC, as amended December 29, 2025; we do not fill gaps with estimates or third-party figures. No minimum liquid capital requirement is stated on the cover pages or in Items 1, 5, 7, 11, 15 or 17 of the reviewed document. |
| Required net worth | $500,000 Disclosed
No minimum net worth requirement for franchisees is stated in the reviewed document. The only net-worth reference is the standard Michigan escrow notice on the state cover pages, which concerns the franchisor's own financial statements. |
Figures are the new (ground-up) Item 7 table and exclude the purchase of real estate and the cost of constructing a building; the franchisor says it expects franchisees to rent the site and that a typical center is about 1,800 square feet with 3 bays. Additional funds cover only the first 3 months of operating expenses and exclude any owner draw. Both the ground-up and conversion tables foot exactly to their stated totals. Neither the franchisor nor its affiliates offer direct or indirect financing. Of the totals, $120,497 to $152,388 is payable to the franchisor or an affiliate (cover page).
Item 7 line items (15)
| Expenditure | Low | High |
|---|---|---|
| Initial franchise fee | $45,000 | $45,000 |
| Building work — Construction, build-out and decoration to franchisor standards. | $273,985 | $705,345 |
| General site work — Utility connections, demolition, concrete around the building. | $243,543 | $626,973 |
| General conditions and fees | $91,328 | $235,115 |
| Due diligence, permits, design and plans | $63,053 | $169,937 |
| FF&E Package — Bought from the franchisor, Spire Supply or another affiliate. | $29,497 | $39,388 |
| Software Installation Fee — Payable to the franchisor or affiliate at signing. | $3,000 | $3,000 |
| Used oil system | $7,000 | $15,000 |
| Signage | $18,342 | $59,384 |
| Opening Inventory — Franchisor and affiliates are the exclusive suppliers. | $23,000 | $35,000 |
| 3 months' rent and security deposit | $20,000 | $20,000 |
| Training fees, salaries and expenses during training — Assumes 3 people attend; high end assumes a $10,000 local trainer. | $15,000 | $20,000 |
| Grand Opening Contribution — Payable to the franchisor at signing. | $20,000 | $20,000 |
| Insurance | $7,500 | $7,500 |
| Additional funds — 3 months | $52,000 | $52,000 |
Source for every row: the Item 7 estimated-initial-investment table of 2025 Franchise Disclosure Document — Take 5 Franchisor SPV LLC, as amended December 29, 2025 (table begins PDF p. 38) — rows inherit the table's citation rather than carrying fifteen identical ones.
Other formats disclosed in Item 7 (2)
| Format | Low | High | Fee |
|---|---|---|---|
| Conversion Take 5 Oil Change Center | $287,145 | $1,013,587 | $45,000 |
| Area Development Agreement (rights for 2 to 15 centers) | $46,000 | $342,500 | — |
Ongoing fees
FDD Item 6Royalty
7% of gross sales Disclosed
- Source
- 2025 Franchise Disclosure Document — Take 5 Franchisor SPV LLC, as amended December 29, 2025
- Document
- FDD 2025, issued 2025-06-13, amended 2025-12-29
- Item
- Item 6
- Page
- PDF p. 30
- Obtained
- Minnesota Department of Commerce — CARDS Franchise Registrations, file 10913
Paid weekly by electronic funds transfer on the preceding week's Gross Sales. Gross Sales are defined broadly and are not reduced for bad debt or processing fees; sales taxes and customer refunds are excluded. The franchisor may run incentive programs that temporarily waive or reduce the royalty.
Brand advertising fund
5% of gross sales Disclosed
- Source
- 2025 Franchise Disclosure Document — Take 5 Franchisor SPV LLC, as amended December 29, 2025
- Document
- FDD 2025, issued 2025-06-13, amended 2025-12-29
- Item
- Item 6
- Page
- PDF p. 30
- Obtained
- Minnesota Department of Commerce — CARDS Franchise Registrations, file 10913
Weekly Marketing Funds contribution. Item 11 reports how the funds were spent in the fiscal year ended December 28, 2024, including 8.3% on local marketing. Franchisees have no ownership interest in the funds, and the franchisor may direct part of a franchisee's contribution to local marketing it conducts.
Local marketing
Not disclosed in the reviewed source Not disclosed
Not disclosed in the reviewed source. We did not find this value in 2025 Franchise Disclosure Document — Take 5 Franchisor SPV LLC, as amended December 29, 2025; we do not fill gaps with estimates or third-party figures.
Item 11 requires the franchisee to participate at its own expense in all marketing programs the franchisor designates and to obtain approval for its own local marketing, but no minimum local advertising spend (dollar amount or percentage of sales) is stated.
Core requirements shown separately; caps, credits and conditions may overlap. Check the full schedule for technology, cooperative, transfer and other charges.
View all recurring fees and conditions
| Royalty | 7% of gross sales Disclosed
Paid weekly by electronic funds transfer on the preceding week's Gross Sales. Gross Sales are defined broadly and are not reduced for bad debt or processing fees; sales taxes and customer refunds are excluded. The franchisor may run incentive programs that temporarily waive or reduce the royalty. Paid weekly by electronic funds transfer on the preceding week's Gross Sales. Gross Sales are defined broadly and are not reduced for bad debt or processing fees; sales taxes and customer refunds are excluded. The franchisor may run incentive programs that temporarily waive or reduce the royalty. |
|---|---|
| Advertising / brand fund | 5% of gross sales Disclosed
Weekly Marketing Funds contribution. Item 11 reports how the funds were spent in the fiscal year ended December 28, 2024, including 8.3% on local marketing. Franchisees have no ownership interest in the funds, and the franchisor may direct part of a franchisee's contribution to local marketing it conducts. Weekly Marketing Funds contribution. Item 11 reports how the funds were spent in the fiscal year ended December 28, 2024, including 8.3% on local marketing. Franchisees have no ownership interest in the funds, and the franchisor may direct part of a franchisee's contribution to local marketing it conducts. |
| Required local marketing | Not disclosed in the reviewed source Not disclosedNot disclosed in the reviewed source. We did not find this value in 2025 Franchise Disclosure Document — Take 5 Franchisor SPV LLC, as amended December 29, 2025; we do not fill gaps with estimates or third-party figures. Item 11 requires the franchisee to participate at its own expense in all marketing programs the franchisor designates and to obtain approval for its own local marketing, but no minimum local advertising spend (dollar amount or percentage of sales) is stated. |
| Technology / software | $249–$416/month Disclosed
Software License Fee for the point-of-sale and business intelligence software; $416 per month if the optional POS surveillance software is used. Subject to an annual increase tied to CPI plus 2%, capped at 5% per year, and to further increases if third-party charges rise. A separate one-time $3,000 Software Installation Fee is charged at signing (Item 5). Software License Fee for the point-of-sale and business intelligence software; $416 per month if the optional POS surveillance software is used. Subject to an annual increase tied to CPI plus 2%, capped at 5% per year, and to further increases if third-party charges rise. A separate one-time $3,000 Software Installation Fee is charged at signing (Item 5). |
| Advertising cooperative | Not disclosed in the reviewed source Not disclosedNot disclosed in the reviewed source. We did not find this value in 2025 Franchise Disclosure Document — Take 5 Franchisor SPV LLC, as amended December 29, 2025; we do not fill gaps with estimates or third-party figures. The franchisor reserves the right to require participation in local or regional advertising cooperatives; contributions would be in addition to the Marketing Funds contribution and would be set by the cooperative subject to franchisor approval. No amount is stated and Item 11 does not say any cooperative currently exists. |
| Transfer fee | $17,500 one-time Disclosed
Item 6 describes the training and transfer fee as 50% of the then-current initial franchise fee and gives the current amount as $17,500. Item 5 states the initial franchise fee is $45,000, of which 50% would be $22,500, so the stated dollar figure and the stated formula do not agree in the reviewed document; a buyer should confirm which controls. Half is due and non-refundable when transfer approval is requested. Item 6 describes the training and transfer fee as 50% of the then-current initial franchise fee and gives the current amount as $17,500. Item 5 states the initial franchise fee is $45,000, of which 50% would be $22,500, so the stated dollar figure and the stated formula do not agree in the reviewed document; a buyer should confirm which controls. Half is due and non-refundable when transfer approval is requested. |
| Renewal fee | $17,500 one-time Disclosed
Successor franchise fee, described as 50% of the then-current initial franchise fee with a current amount of $17,500 — the same formula-versus-amount discrepancy noted for the transfer fee. Due when the successor franchise agreement is signed. Successor franchise fee, described as 50% of the then-current initial franchise fee with a current amount of $17,500 — the same formula-versus-amount discrepancy noted for the transfer fee. Due when the successor franchise agreement is signed. |
| Royalty + ad fund (% of sales) | 12% Derived
|
Fee schedule (31 fees; 22 verified against the source, 9 single-pass)
Every recurring, conditional and one-time fee found in this FDD's Item 6 table (plus mandatory recurring costs disclosed in Items 7/11), each cited to its page and carrying its verification status: verified means two independent readings agreed or a tie-break re-inspection of the page decided it; single-pass means one reading captured it and it has not been independently confirmed (permitted only for fees that cannot move modeled economics — see the materiality rule). Amounts marked “not stated” are charged at then-current rates the FDD does not quantify and are never modeled as $0.
| Fee | Amount | Frequency | Mandatory | Verification | Cite | Notes |
|---|---|---|---|---|---|---|
| Royalty Fee | 7% of gross sales | weekly | Yes | verified (2-pass) | Item 6, p. 30 | |
| Non-Recorded Payment | Not stated (min $1,500) | per event | No | verified (tie-break) | Item 6, p. 30 | Debited only for a weekly reporting period in which the franchisee has not recorded Gross Sales of the Center. Pass A's value/minimum reading is right (the $1,500 is a floor, not the amount); Pass B's weekly frequency overstates it — the Due Date column reads 'As incurred'. Pass B's overlaps_with 'royalty' is dropped because the entry is a substitute for, not a component of, the royalty; the substitution is recorded in model_note instead of a dangling id. |
| Marketing Funds contributions | 5% of gross sales | weekly | Yes | verified (2-pass) | Item 6, p. 30 | |
| Replacement Managing Director or Manager training | $5,000 | per event | No | verified (tie-break) | Item 6, p. 30 | Due for any successor managing director or manager for the Center who must undergo training. The $7,500 is a cap on a future increase, not the top of a current range, so range_high is null (Pass B) and the cap sits in maximum; basis is per_employee (Pass B) because the trigger is each successor person trained. |
| Supplemental and refresher training | $400–$600 | per event | No | verified (tie-break) | Item 6, p. 30 | Payable when the franchisor requires the Managing Director, manager or other personnel to complete supplemental or refresher training, workshops or seminars; the franchisee also pays attendees' travel and living expenses. The current range is $400 (headquarters) to $600 (onsite); the $1,000 is a cap on future increases, so Pass A's range_high of $1,000 conflates the two. Item 6 lists an 'Additional guidance or support' row on p.31 with identical $400/$600/$1,000 rates — a separate entry, not a duplicate of this one. |
| Additional guidance or support | $400–$1,000 | varies | No | single-pass | Item 6, p. 31 | Charged for operating assistance made necessary by non-compliance, or requested additional assistance. [Listed by one verification pass only (A); not independently confirmed.] |
| Annual/regional conference fees | $249 | annual | Yes | verified (tie-break) | Item 6, p. 31 | Due 30 days before the conference, for all attendees; travel and lodging are additional. Range_high is null and the $500 sits in maximum (Pass B) because it is an increase cap; basis is per_employee (Pass A) because the fee is charged per attendee, not per Center. |
| Training and transfer fee | 50% of other | per event | No | verified (tie-break) | Item 6, p. 31 | Payable on proposed transfer of the Franchise Agreement, the Center or its assets, or any ownership interest in the franchisee; 50% is due and non-refundable when transfer approval is requested, the balance before the transfer completes. Pass B's value of 17500 cannot be carried on amount_type 'percent', where the schema requires the percent itself. The printed parenthetical '$17,500' implies a $35,000 initial franchise fee and contradicts the $45,000 disclosed in Item 5 and Item 7 (50% would be $22,500); that is an internal FDD inconsistency, so the stated formula (50%) is recorded and the dollar figure is flagged, not used. |
| Resale assistance fee | 10% of other | per event | No | single-pass | Item 6, p. 31 | Payable only if franchisor obtains a purchaser for the Center on a proposed transfer and does not exercise its right of first refusal. [Listed by one verification pass only (A); not independently confirmed.] |
| Successor franchise fee | 50% of other | per event | No | verified (tie-break) | Item 6, p. 31 | Due when the franchisee signs the successor franchise agreement at the end of the term. Same reasoning as the training and transfer fee: the formula is the disclosed term; the '$17,500' parenthetical is inconsistent with the $45,000 initial franchise fee and is not used as the value. |
| Relocation fee | $2,500 | per event | No | verified (tie-break) | Item 6, p. 31 | Payable if the franchisee relocates the Center to a new site with the franchisor's approval. The $5,000 is an increase cap, not the top of a current range, so range_high is null and the cap sits in maximum. |
| Software License Fee | $249–$416 | monthly | Yes | verified (2-pass) | Item 6, p. 32 | Subject to annual CPI+2% increase (capped at 5%/year) and further increases for third-party cost or Brand Technology changes. |
| Credit card fees | 1%–3% of gross sales | varies | Yes | verified (2-pass) | Item 6, p. 32 | |
| Inspection fee | $0 | per event | No | verified (tie-break) | Item 6, p. 32 | Charged for a follow-up inspection confirming that deficiencies were corrected, or for any evaluation the franchisee requests. Current charge is $0; the $3,000 is a cap the franchisor may impose, so it belongs in maximum rather than range_high. |
| Management fee | 3% of gross sales | varies | No | verified (2-pass) | Item 6, p. 32 | Due only when franchisor appoints a manager after franchisee's/owner's death or permanent incapacity and finds the Managing Director not competent. |
| Conversion fees | Not stated | per event | No | verified (tie-break) | Item 6, p. 33 | Applies only if the franchisor acquires a Non-System Center within the franchisee's Territory and notifies the franchisee, who then has an option to buy and convert it. Real Item 6 row, read only by Pass A; page 33 confirmed. |
| Customer complaint reimbursement | Not stated | per event | No | verified (tie-break) | Item 6, p. 33 | Payable if the franchisor resolves a customer complaint because the franchisee does not. Real Item 6 row, read only by Pass A; page 33 confirmed. |
| Non-approved opening | $2,500 | per event | No | single-pass | Item 6, p. 33 | Due if franchisee opens the Center for business before receiving franchisor approval. [Listed by one verification pass only (A); not independently confirmed.] |
| Interest | $2 | monthly | No | verified (tie-break) | Item 6, p. 33 | Due on all overdue amounts, when billed. Item 6 prints Interest and Administrative fee as two separate rows; Pass B merged them into one entry, which understates the schedule by a row. Frequency set to monthly because the stated fallback rate is per month. |
| Administrative fee | $500 | varies | No | single-pass | Item 6, p. 33 | Due on each overdue or dishonored payment. [Listed by one verification pass only (A); not independently confirmed.] |
| Insurance reimbursement | Not stated | varies | No | verified (2-pass) | Item 6, p. 34 | Due only if franchisee fails to maintain (or prove) required insurance and franchisor obtains it. |
| Lease | Not stated | monthly | No | verified (tie-break) | Item 6, p. 34 | Payable only if the franchisee leases the Premises from the franchisor or its affiliate. Item 6 prints a parallel 'Sublease' row with identical terms for subleased Premises (Pass A entry sublease-rent). Pass A's basis of 'fixed' is wrong for an amount that varies by market; corrected to 'other'. Page 34 confirmed (Pass B cited 32). |
| Sublease | Not stated | monthly | No | single-pass | Item 6, p. 34 | Payable if franchisee subleases the Premises from franchisor or its affiliate. [Listed by one verification pass only (A); not independently confirmed.] |
| Public offering fee | Not stated | varies | No | single-pass | Item 6, p. 34 | Charged for reviewing materials franchisee prepares for a public securities offering. [Listed by one verification pass only (A); not independently confirmed.] |
| Audit expenses | Not stated | per event | No | verified (tie-break) | Item 6, p. 34 | Payable within 15 days of billing if the audit was made necessary by the franchisee's failure to submit reports or records, or if it reveals an understatement of Gross Sales greater than 1%. Substance identical in both passes; page 34 (Pass A) confirmed, frequency per_event (Pass B) since the charge arises per audit. |
| Liquidated damages upon termination | Not stated | per event | No | verified (tie-break) | Item 6, p. 34 | Due within 30 days after the Franchise Agreement terminates before its term expires. Page 34 (Pass A) confirmed; the formula itself is in Explanatory Note 5 on page 36. Pass B's overlaps_with 'royalty' is dropped — this is a damages measure calculated by reference to royalties, not a component of the royalty entry, and treating it as an overlap would wrongly suppress it. |
| National Warranty Program | Not stated | varies | No | single-pass | Item 6, p. 34 | [Listed by one verification pass only (A); not independently confirmed.] |
| Costs and attorneys' fees | Not stated | varies | No | single-pass | Item 6, p. 35 | Payable if franchisor incurs costs due to franchisee's non-compliance. [Listed by one verification pass only (A); not independently confirmed.] |
| Indemnification | Not stated | varies | No | single-pass | Item 6, p. 35 | Franchisee must reimburse franchisor/affiliates held liable for claims arising from the Center. [Listed by one verification pass only (A); not independently confirmed.] |
| Local Marketing (required participation, amount unstated) | Not stated | varies | Yes | verified (tie-break) | Item 11, p. 57 | The franchisee must participate at its own expense in all advertising, marketing, promotional, CRM, fleet-account-development, social-responsibility and PR programs the franchisor designates; local materials need prior approval and designated suppliers may be required. amount_type 'none' with basis 'not_applicable' (Pass A) states the position accurately: no rate at all is disclosed, so no figure should reach the model. Page 57 confirmed. |
| Local and Regional Advertising Cooperative contribution | Not stated | varies | Conditional | verified (2-pass) | Item 11, p. 58 | Only if franchisor establishes a cooperative covering the Center's area (none currently established, per Item 11). |
Item 6 also lists conditional charges that are not routine operating costs: a $2,500 per-day fee for opening without approval, a $500 administrative fee on each late or dishonored payment, interest at the highest legal rate (or 2% per month), audit costs where an audit is triggered or reveals an understatement over 1%, inspection fees currently set at $0 but permitted up to $3,000, insurance and customer-complaint reimbursements, lease or sublease payments if the premises come from the franchisor or an affiliate, and liquidated damages on early termination equal to the royalties owed over the 36 months before termination.
Financial performance (Item 19)
What the franchisor actually disclosedWho is represented: The headline figure covers the 323 franchised Take 5 Oil Change Centers that had been open at least one full year as of December 28, 2024 (average age 2.9 years); one center that closed during fiscal 2024 after less than 12 months and two centers converted to affiliate ownership during fiscal 2024 were excluded. That population is about three quarters of the 432 franchised outlets open at fiscal year end. Item 19 also contains three other populations: 298 affiliate-owned (company) centers open at least a full year, used for the cost and EBITDA table; 293 franchised centers opened between fiscal 2020 and fiscal 2023, used for the Year 1–3 sales ramp; and 32 affiliate-owned centers acquired as existing quick lubes and converted.
Qualifications: Only Parts II.A and II.B describe franchised outlets. Part I, the only part with costs and EBITDA, is built from 298 affiliate-owned centers and then adjusted downward for the fees and costs a franchisee would bear; it is a model of franchisee economics, not reported franchisee results. Part I excludes 69 ground-up centers open less than a year, 2 centers reacquired from franchisees, 341 acquired/converted centers and 4 centers that closed during the year, and the franchisor notes occupancy costs may understate current market rents because some affiliate leases are old. The EBITDA line excludes depreciation, amortization, debt service, owner compensation, above-store management and general administrative costs. Part II.B excludes 110 centers that opened in fiscal 2024, one that closed and two converted to affiliate ownership. In every table fewer than half the centers reached the average (42–47%), so averages sit above the typical outlet. Figures are for fiscal 2024, not the December 2025 amendment date, and none are audited.
View full Item 19 disclosure and tables
Item 19 is unusually detailed and comes in three parts, each covering a different set of stores. The figure most relevant to a franchise buyer is Part II.B: the 323 franchised centers open at least a full year averaged $1,235,518 in Gross Sales in fiscal 2024, with a median of $1,137,962, a low of $409,268 and a high of $3,637,350; 42% reached the average. Centers open more than two years averaged $1,337,871. Part II.A shows how sales build: for 293 franchised centers opened between fiscal 2020 and fiscal 2023, Year 1 averaged $901,665, Year 2 $1,133,199 and Year 3 $1,333,101, with average cars per day rising from 28 to 36. Part I is the only place costs appear, and it is not franchisee data — it takes 298 affiliate-owned centers and adjusts them for royalties, marketing contributions, point-of-sale fees, higher product costs and insurance to produce an average 4-Wall EBITDA of $362,201 (26.2% of sales) and a median of $340,178, with the bottom half at $162,874 and the top half at $561,527. That figure is before depreciation, amortization, debt service, any owner salary, above-store management and general administrative costs, so it is not net profit. Part III covers 32 affiliate-owned quick lubes acquired and converted, whose sales rose from an average of $907,496 before acquisition to $1,167,959 in Year 1. Nothing in Item 19 reports a franchisee's actual bottom line.
| Metric | Subset | Value | Units | Period | Cite |
|---|---|---|---|---|---|
| Gross Sales — franchised centers open more than 1 year 42% of units met or exceeded | Franchised, open 12+ months at FY2024 end Average | $1,235,518 | 323 | FY2024 (Dec 31, 2023 – Dec 28, 2024) | FDD p.90 |
| Gross Sales — franchised centers open more than 1 year | Franchised, open 12+ months at FY2024 end Median | $1,137,962 | 323 | FY2024 (Dec 31, 2023 – Dec 28, 2024) | FDD p.90 |
| Gross Sales — lowest franchised center open more than 1 year | Franchised, open 12+ months at FY2024 end Low | $409,268 | 323 | FY2024 (Dec 31, 2023 – Dec 28, 2024) | FDD p.90 |
| Gross Sales — highest franchised center open more than 1 year | Franchised, open 12+ months at FY2024 end High | $3,637,350 | 323 | FY2024 (Dec 31, 2023 – Dec 28, 2024) | FDD p.90 |
| Gross Sales — franchised centers open more than 2 years 44% of units met or exceeded | Franchised, open 24+ months at FY2024 end Average | $1,337,871 | 223 | FY2024 (Dec 31, 2023 – Dec 28, 2024) | FDD p.90 |
| Gross Sales — franchised centers open more than 2 years | Franchised, open 24+ months at FY2024 end Median | $1,271,529 | 223 | FY2024 (Dec 31, 2023 – Dec 28, 2024) | FDD p.90 |
| Cars per day — franchised centers open more than 1 year 40% of units met or exceeded | Franchised, open 12+ months at FY2024 end Average | 32 | 323 | FY2024 (Dec 31, 2023 – Dec 28, 2024) | FDD p.90 |
| Gross Sales — Year 1 of operation, franchised centers opened FY2020–FY2023 45% of units met or exceeded | Franchised ramp cohort Average | $901,665 | 293 | Year 1 (opened FY2020–FY2023) | FDD p.87 |
| Gross Sales — Year 1 of operation, franchised centers opened FY2020–FY2023 | Franchised ramp cohort Median | $865,488 | 293 | Year 1 (opened FY2020–FY2023) | FDD p.87 |
| Gross Sales — Year 2 of operation, franchised centers opened FY2020–FY2023 49% of units met or exceeded | Franchised ramp cohort reaching Year 2 Average | $1,133,199 | 193 | Year 2 (opened FY2020–FY2023) | FDD p.87 |
| Gross Sales — Year 3 of operation, franchised centers opened FY2020–FY2023 45% of units met or exceeded | Franchised ramp cohort reaching Year 3 Average | $1,333,101 | 102 | Year 3 (opened FY2020–FY2023) | FDD p.87 |
| Gross Sales — Year 3 of operation, franchised centers opened FY2020–FY2023 | Franchised ramp cohort reaching Year 3 Median | $1,275,933 | 102 | Year 3 (opened FY2020–FY2023) | FDD p.87 |
| Cars per day — Year 1 of operation, franchised centers opened FY2020–FY2023 42% of units met or exceeded | Franchised ramp cohort Average | 28 | 293 | Year 1 (opened FY2020–FY2023) | FDD p.87 |
| Gross Sales — affiliate-owned centers in the franchisee-adjusted income statement 47% of units met or exceeded These are affiliate-operated centers, not franchised outlets; ground-up centers open under a year, two centers reacquired from franchisees and 341 acquired/converted centers were excluded. | Affiliate-owned (company) centers open 12+ months Average | $1,384,790 | 298 | FY2024 (Dec 31, 2023 – Dec 28, 2024) | FDD p.83 |
| Gross Sales — affiliate-owned centers in the franchisee-adjusted income statement | Affiliate-owned (company) centers open 12+ months Median | $1,327,808 | 298 | FY2024 (Dec 31, 2023 – Dec 28, 2024) | FDD p.83 |
| Gross Sales — bottom-performing half of the affiliate-owned centers | Affiliate-owned, bottom 50% by FY2024 Gross Sales Average | $931,354 | 149 | FY2024 (Dec 31, 2023 – Dec 28, 2024) | FDD p.83 |
| Gross Sales — top-performing half of the affiliate-owned centers | Affiliate-owned, top 50% by FY2024 Gross Sales Average | $1,838,227 | 149 | FY2024 (Dec 31, 2023 – Dec 28, 2024) | FDD p.83 |
| Gross Sales — lowest affiliate-owned center in the analysis | Affiliate-owned (company) centers open 12+ months Low | $190,365 | 298 | FY2024 (Dec 31, 2023 – Dec 28, 2024) | FDD p.83 |
| Gross Sales — highest affiliate-owned center in the analysis | Affiliate-owned (company) centers open 12+ months High | $3,474,051 | 298 | FY2024 (Dec 31, 2023 – Dec 28, 2024) | FDD p.83 |
| Gross Sales in the 12 months before acquisition — affiliate-acquired quick lubes | Affiliate-owned M&A centers acquired FY2020–FY2023 Average | $907,496 | 32 | 12 months before acquisition | FDD p.91 |
| Gross Sales — Year 1 as a Take 5 center, affiliate-acquired quick lubes 47% of units met or exceeded | Affiliate-owned M&A centers acquired FY2020–FY2023 Average | $1,167,959 | 32 | Year 1 as a Take 5 center | FDD p.91 |
| Gross Sales — Year 3 as a Take 5 center, affiliate-acquired quick lubes 36% of units met or exceeded | Affiliate-owned M&A centers acquired FY2020–FY2023 Average | $1,399,988 | 11 | Year 3 as a Take 5 center | FDD p.91 |
Disclosed cost and profit figures
These figures are disclosed by the franchisor for the population stated in each row — often a subset (company-owned units, or franchisees who chose to report). They frequently exclude owner compensation, rent, debt service, taxes or royalties. They are not a prediction of your results.
| Metric | Subset | Value | Units | Period | Cite |
|---|---|---|---|---|---|
| 4-Wall EBITDA — affiliate-owned centers, adjusted to franchisee cost structure Modelled figure: affiliate-owned results adjusted for a 7% royalty, 5% marketing contribution, point-of-sale fees, higher COGS and insurance. Excludes depreciation, amortization, debt service, owner draw, above-store management and general administrative costs. | Affiliate-owned (company) centers open 12+ months Average | $362,201 | 298 | FY2024 (Dec 31, 2023 – Dec 28, 2024) | FDD p.83 |
| 4-Wall EBITDA — affiliate-owned centers, adjusted to franchisee cost structure | Affiliate-owned (company) centers open 12+ months Median | $340,178 | 298 | FY2024 (Dec 31, 2023 – Dec 28, 2024) | FDD p.83 |
| 4-Wall EBITDA margin — affiliate-owned centers, adjusted to franchisee cost structure Stated as a percentage of Gross Sales; the bottom half averaged 17.5% and the top half 30.5%. | Affiliate-owned (company) centers open 12+ months Average | 26.2% | 298 | FY2024 (Dec 31, 2023 – Dec 28, 2024) | FDD p.83 |
| 4-Wall EBITDA — bottom-performing half of the affiliate-owned centers | Affiliate-owned, bottom 50% by FY2024 Gross Sales Average | $162,874 | 149 | FY2024 (Dec 31, 2023 – Dec 28, 2024) | FDD p.83 |
| 4-Wall EBITDA — top-performing half of the affiliate-owned centers | Affiliate-owned, top 50% by FY2024 Gross Sales Average | $561,527 | 149 | FY2024 (Dec 31, 2023 – Dec 28, 2024) | FDD p.83 |
System health (Item 20)
Outlets, openings, exits and transfers by fiscal year · U.S. onlyView detailed Item 20 tables and source notes
| Fiscal year | Start | Opened | Terminated | Not renewed | Reacquired | Ceased — other | End | Transfers | Company-owned (end) |
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 134 | 94 | 0 | 0 | 1 | 0 | 227 | 0 | 580 |
| 2023 | 227 | 100 | 1 | 0 | 1 | 0 | 325 | 0 | 643 |
| 2024 | 325 | 110 | 1 | 0 | 2 | 0 | 432 | 7 | 710 |
Disclosed 2025 Franchise Disclosure Document — Take 5 Franchisor SPV LLC, as amended December 29, 2025, Item 20, Tables 1–3 (PDF p. 92). All figures are as of the fiscal year ends December 31, 2022, December 30, 2023 and December 28, 2024. The system grew quickly and closures were minimal: over three years franchised outlets rose from 134 to 432 on 304 openings, with 2 terminations, no non-renewals, 4 outlets reacquired by the franchisor and no other cessations. Company-owned outlets, run by the affiliate Take 5 Properties SPV LLC, grew from 534 to 710 and outnumber franchised outlets by roughly 1.6 to 1. No transfers occurred in 2022 or 2023; 7 occurred in 2024 (5 in Tennessee, 2 in Mississippi). Tables 1, 3 and 4 all reconcile internally and to each other. Item 20 does not state that the counts are U.S. only, but every table is organised by U.S. state and Canadian centers are franchised by a separate affiliate.
Source data notes (8) — inconsistencies found in the FDD itself during verification
Our verification re-reads every table. Where the FDD's own printed tables disagree, we document the discrepancy rather than silently "fixing" it. Classes: B = arithmetic error in the source's derived column; C = the printed tables genuinely disagree; D = a legitimate definitional difference (e.g., transfers netted, explained by a footnote); E = unresolved ambiguity. Figures a material C/E issue puts in doubt are excluded from our derived metrics, scores and rankings.
- [A/minor] Table No. 1 2024: Table 1 straddles a page break: the Franchised block is on PDF p.92 and the Company-Owned and Total Outlets blocks are on PDF p.93. The record cites page 92 as the source for the whole Item 20 block, including the company-owned figures. — Page citation only. The figures themselves are correct as printed on p.93 (Company-Owned 534/580, 580/643, 643/710; Total Outlets 668/807, 807/968, 968/1,142). Correct page for the company-owned and total rows is 93.
- [A/minor] Table No. 5 2024: Table 5 also straddles a page break: its heading and first states are on PDF p.99, while the remaining states and the Total row (1 signed franchise agreement, 105 projected new franchised, 85 projected new company-owned) are on PDF p.100. The record cites page 99 for both the 105 and the 1. — Page citation only. Values 105 and 1 are correct as printed; the Total row and the Massachusetts signed-agreement row are both on PDF page 100.
- [D/minor] Table No. 3 2024: 'Ceased Operations – Other Reason' is 0 in all three years, yet Item 19 (PDF p.86) excludes 'the 1 Take 5 Oil Change Center that both opened and closed during the 2024 Fiscal Year'. In Table 3 that Center appears as Kentucky 2024: start 0, opened 1, terminated 1, end 0 — the closure is recorded in the termination column. — Legitimate definitional difference, not an error: the FTC columns route a franchisor-terminated closure to 'Terminations', so no 'ceased other' entry should exist. Table 3 Totals still foot (325 + 110 - 1 - 2 = 432) and the printed 432 is corroborated by Table 1. A reader matching Item 19's closure language to a 'ceased' column will find nothing.
- [D/minor] Table No. 2 vs Table No. 3 2024: Table 2 records 7 franchisee-to-franchisee transfers in FY2024 (Tennessee 5, Mississippi 2) after zero in FY2022 and FY2023. Table 3 has no transfer column, so those outlets appear neither as ceased nor as reacquired (e.g. Tennessee 2024 runs 28 to 31 with 3 opened and no losses). — Correct FTC presentation: transfers between franchisees are reported separately and are not netted against status counts. Unit counts and growth are unaffected; only ownership churn is understated if Table 3 is read alone.
- [E/minor] Table No. 5 2024: Table 5 projects 105 new franchised outlets for the next fiscal year against just 1 franchise agreement signed but not yet opened (Massachusetts), even though FY2024 actual franchised openings were 110 and lead times typically exceed a year. Column 2 may count only agreements for outlets with no site yet, with the rest of the pipeline sitting in area developers' unsigned schedule commitments. — Unresolved: the FDD gives no definition for Column 2 that reconciles it with the projection, and no other item corroborates either number. Both Table 5 columns foot (105 and 85). Historical totals are untouched; only the forward projection is in question, so both figures should be presented as disclosed with this caveat.
- [D/minor] Item 20 (all tables) 2024: Every Item 20 table is U.S. and Puerto Rico only. Item 1 separately discloses 32 franchised and 7 company-owned Take 5 Oil Change Centers in Canada, franchised by Take 5 Canada SPV LP, as of December 28, 2024; none of them appear in any Item 20 count. — Legitimate scope definition, not a discrepancy. The record's us_only flag is correct; system-size figures should be labelled U.S. (plus Puerto Rico) so the 1,142 total is not compared against a brand's worldwide count.
- [D/minor] Table No. 1 vs Table No. 3 and Table No. 4 2024: Cross-table footing check across both passes: Table 1's franchised 134/227, 227/325, 325/432 equal Table 3's Totals rows exactly, and Table 1's company-owned 534/580, 580/643, 643/710 equal Table 4's Totals rows. Table 1's Total Outlets equals franchised plus company-owned in each year (807, 968, 1,142), and each start-of-year carries forward from the prior end-of-year. — No discrepancy. Table 3 Totals foot for all three years (134+94-1=227; 227+100-1-1=325; 325+110-1-2=432) and Table 4 Totals foot as well (534+50+1-5=580; 580+62+1=643; 643+69+2-4=710). Table 3 'Reacquired by Franchisor' matches Table 4 'Reacquired from Franchisees' state by state (2022 Florida 1; 2023 Georgia 1; 2024 Oklahoma 1 + Texas 1), and the FY2024 figure of 2 matches Item 19's exclusion of 2 Centers reacquired from franchisees. Every Item 20 figure in the record matches the printed tables.
- [D/minor] Table No. 4 vs Item 19 2024: Item 19's decomposition of the 710 company-owned Centers at FY2024 end (298 in the Part I analysis + 69 Ground-Up Centers open under one year + 341 Acquired Centers + 2 reacquired from franchisees) reconciles to Table 4's Total, with the 4 Centers closed during FY2024 (Florida, Indiana, Texas, Wisconsin) excluded. 710 of 1,142 U.S. outlets (62%) are affiliate-owned, and Item 19 Part I is drawn from affiliate-owned Centers adjusted to a franchisee cost structure. — No discrepancy; the tables and Item 19 agree. Worth surfacing as context rather than as an error: the system is majority company-owned and the published profitability data does not come from franchised operations.
Company-owned outlets (Table 4)
| Year | Start | Opened | Reacquired from franchisee | Closed | Sold to franchisee | End |
|---|---|---|---|---|---|---|
| 2022 | 534 | 50 | 1 | 5 | 0 | 580 |
| 2023 | 580 | 62 | 1 | 0 | 0 | 643 |
| 2024 | 643 | 69 | 2 | 4 | 0 | 710 |
Read: How to read Item 20.
Ownership and operations
Items 11, 12, 15, 17Manager-run permitted Disclosed
- Source
- 2025 Franchise Disclosure Document — Take 5 Franchisor SPV LLC, as amended December 29, 2025
- Document
- FDD 2025, issued 2025-06-13, amended 2025-12-29
- Item
- Item 15
- Page
- PDF p. 70
- Obtained
- Minnesota Department of Commerce — CARDS Franchise Registrations, file 10913
The Franchise Agreement names a 'Managing Director' who holds full managerial responsibility and must devote at least 40 hours a week to the center, under direct on-premises supervision. Item 15 does not require that person to be an owner, so an approved full-time manager may run the business. A Managing Director covering more than one center must place each center under a certified shop and assistant manager who has completed franchisor training. Under an Area Development Agreement the Managing Director must be hired and trained before the first center opens.
View operating requirements, territory and contract term
| Owner involvement (Item 15) | Manager-run permitted Disclosed
The Franchise Agreement names a 'Managing Director' who holds full managerial responsibility and must devote at least 40 hours a week to the center, under direct on-premises supervision. Item 15 does not require that person to be an owner, so an approved full-time manager may run the business. A Managing Director covering more than one center must place each center under a certified shop and assistant manager who has completed franchisor training. Under an Area Development Agreement the Managing Director must be hired and trained before the first center opens. The Franchise Agreement names a 'Managing Director' who holds full managerial responsibility and must devote at least 40 hours a week to the center, under direct on-premises supervision. Item 15 does not require that person to be an owner, so an approved full-time manager may run the business. A Managing Director covering more than one center must place each center under a certified shop and assistant manager who has completed franchisor training. Under an Area Development Agreement the Managing Director must be hired and trained before the first center opens. |
|---|---|
| Initial training | Initial training runs 4 weeks for the Managing Director and the center's manager and 2 weeks for assistant managers, at the franchisor's training facility at 1500 N. Graham Street, Charlotte, North Carolina. The published chart totals 55 classroom hours and 120 on-the-job hours across four weekly modules plus additional courses, and notes training will be built out to 45 hours per week. Attendees must complete the program at least 14 days but no more than 90 days before opening. There is no fee for the initial program, but the franchisee pays travel, lodging and per diem; Item 7 budgets $15,000 to $20,000 for three attendees. Training for a replacement managing director or manager currently costs $5,000. Disclosed
|
| Multi-unit / development options | Multi-unit development is offered under an Area Development Agreement covering a defined Development Area and a mandatory Development Schedule. The minimum commitment is 2 centers; the franchisor says franchisees typically commit to 5 to 15 and some to as many as 24. The development fee is 50% of the aggregate initial franchise fees for the committed centers, payable within 2 business days of signing and credited against each center's initial franchise fee; Item 7 shows $45,000 to $337,500 for commitments of 2 to 15 centers. Missing the Development Schedule is a non-curable default, and in lieu of termination the franchisor may cut the number of committed centers, withhold site approvals, extend the schedule, end exclusivity in the Development Area or accelerate the remaining initial franchise fees. Disclosed
|
| Territory (Item 12) | The FDD states plainly that the franchisee does not receive an exclusive territory. The Franchise Agreement grants a 'Territory' that is generally a 2-mile aerial radius from the center's front door, though the franchisor may grant a smaller area depending on the market. While the franchisee is in full compliance, the franchisor and its affiliates will not own, operate or license another Take 5 Oil Change Center physically located inside that Territory. They keep every other right: opening Take 5 centers just outside the Territory even where assigned territories overlap, operating or franchising other brands inside it, selling to customers in it through the internet and other channels, and acquiring competing businesses. Territory size may be reduced if the franchisee defaults or relocates. No minimum sales quota to keep the Territory is stated. Disclosed
|
| Initial term | 15 years Disclosed
The Franchise Agreement expires 15 years from the center's opening date, or earlier if the lease for the premises expires first. |
| Renewal | One successor term of 15 years is available, again shortened if the renewal lease ends sooner. Conditions include signing the then-current form of franchise agreement, which may contain materially different terms and fees; no existing default and substantial compliance; agreeing to remodel, renovate or upgrade the center to current new-center standards; giving notice; keeping possession of the premises; paying a successor franchise fee of 50% of the then-current initial franchise fee; and signing a release where state law allows. There is no renewal right under the Area Development Agreement. Disclosed
|
| Staffing | A standard center occupies about 1,800 square feet with 3 bays on a high-traffic site. Franchisor standards may set minimum staffing levels, including a certified shop and assistant manager present for full shifts each week, and the Managing Director must work at least 40 hours a week. Item 7's training budget assumes 3 people attend initial training. Item 19 notes the affiliate employs one district manager per 6 to 10 centers, a cost the EBITDA table excludes. No total headcount or operating-hours requirement is stated. Disclosed
|
Risk and legal observations
Items 3, 4, 8, 15, 17 — summarized neutrallyLitigation: 11 matter(s) disclosed Disclosed · Bankruptcy: None disclosed Disclosed
View legal disclosures, restrictions and guarantees
| Litigation (Item 3) | 11 matter(s) disclosed Disclosed Item 3 lists 11 matters, none of them brought by or against the franchisor entity itself. Six are pending against the parent group: a putative securities class action against Driven Brands Holdings and two former executives alleging that quarterly filings contained material misstatements (motion to dismiss denied February 2025), four related shareholder derivative suits making largely the same allegations, and a November 2025 North Carolina state court complaint by 10 Maaco franchisees against an affiliated franchisor, Driven Brands and Driven Systems alleging that advertising and media funds were misused, seeking an accounting, damages over $1 million, treble damages and a declaration voiding non-compete and other post-termination provisions. Two matters involve the Canadian Take 5 affiliate: a pending Ontario claim by a former franchisee alleging disclosure and fair-dealing breaches and seeking at least CAN$368,000, and a concluded Ontario claim over an allegedly exclusive territory that settled for CAN$65,000 and was dismissed in September 2025 with no admission of liability. Three are historic regulatory settlements involving other Roark-affiliated franchisors over no-poach clauses and a data-security consent order. Defendants dispute the allegations in the pending matters. |
|---|---|
| Bankruptcy (Item 4) | None disclosed Disclosed Item 4 states that no bankruptcy is required to be disclosed. |
| Personal guaranty | Required Disclosed
If the franchisee is an entity, its direct and indirect owners (and anyone else the franchisor specifies) must sign a Guaranty and Assumption of Obligations binding them jointly and severally to the Franchise Agreement; the same applies under the Area Development Agreement. Owners' spouses are not required to guarantee. |
| Non-compete | During the term the franchisee and its owners generally may not hold an interest in a Competing Business (any other automotive business offering similar products or services) or a Related Business, though other Take 5 centers and other Driven Brands automotive franchises are carved out. After termination or expiry the restriction runs for 3 years and covers the premises, a 5-mile radius of the premises and a 5-mile radius of any other Take 5 Oil Change Center — a reach that widens as the system grows. Under the Area Development Agreement the post-term restriction covers the Development Area, 5 miles beyond its border and 5 miles around any Take 5 center operating or under development. Disclosed
|
| Transfer restrictions | No transfer of the franchise, the center, its assets or any direct or indirect ownership interest without franchisor approval. Conditions include full compliance with all agreements, a transferee meeting franchisor standards and assuming the obligations, payment of all amounts due, an approved substitute managing director who completes training, the transferee signing the then-current form of franchise agreement (which may contain materially different terms and fees), price and payment terms that do not impair operations, a release from the franchisee and its owners where state law allows, and a training and transfer fee of 50% of the then-current initial franchise fee. The franchisor holds a right of first refusal to match any offer for the center or an ownership interest, and if it instead finds the buyer it is paid 10% of the purchase price. An Area Development Agreement may only be transferred together with all of the developer's centers. On death or disability the business must be transferred to an approved buyer within 12 months. Disclosed
|
| Termination / non-renewal | The franchisee has no right to terminate the Franchise Agreement; the franchisor has no right to terminate without cause. Curable defaults carry 7 days to cure payment or trademark-use defaults and 30 days for others; short of terminating, the franchisor may shrink the Territory, remove the center from the website, reroute phone calls and fleet business to other centers, suspend marketing-fund participation, withhold operational support, require a collateral assignment of the lease or take over management of the center. Non-curable defaults include failing to open on time, unauthorised opening, failing training, insolvency or bankruptcy events, abandonment, losing the premises, breaching the manuals three or more times in a year, felony conviction or conduct harming the marks, health or safety hazards, unauthorised transfer, lapsed insurance, and termination of another agreement. Early termination triggers liquidated damages equal to the royalties owed over the preceding 36 months (or the average monthly royalty times 36 if the term was shorter), and the franchisor may buy the center's assets and premises at fair market value when the agreement ends. Disclosed
|
| Supplier restrictions (Item 8) | Item 8 states that required purchases and leases from the franchisor, its affiliates or approved suppliers, or made to franchisor standards, represent approximately 90% to 100% of a franchisee's total purchases and leases in establishing and operating the center. Oil must carry a designated brand and come from designated suppliers; oil filters, air filters, wiper blades, coolant flush, merchant accounts, bulk oil tanks, bay cabinetry, shop and lube equipment, alarm and surveillance products, telephones and brand technology must come from designated or approved sources. The franchisor, Spire Supply and other affiliates are the exclusive suppliers of the FF&E Package and Opening Inventory, and designated products generally must be bought through the affiliate-run DrivenAdvantage Platform. In fiscal 2024 the franchisor and affiliates received $1,687,337 in supplier rebates tied to franchisee purchases and $255,366 in sublease rental income; Spire Supply took $26,642,060 in revenue from selling parts and supplies to franchisees, and an affiliate took $63,415,960 from selling oil to franchisees. There are no purchasing cooperatives. Disclosed
|
| Dispute resolution | There is no arbitration or mediation requirement. Litigation must be brought in state or federal court in the city or county where the franchisor's principal office is located, currently Charlotte, North Carolina, and North Carolina law governs the Franchise Agreement and Area Development Agreement, subject to state law. The cover pages carry the state-required warning that out-of-state dispute resolution may force a franchisee to accept a less favourable settlement and cost more to litigate. Disclosed
|
- The cover pages carry a state-required Financial Condition risk statement saying the franchisor's financial condition, as reflected in its Item 21 financial statements, calls into question its ability to provide services and support.
- The franchisee has no contractual right to terminate the Franchise Agreement, and early termination triggers liquidated damages equal to 36 months of royalties.
- Company-owned centers operated by an affiliate (710) outnumbered franchised centers (432) at the end of fiscal 2024, and the franchisor projects 85 more company-owned openings against 105 franchised openings in the next year.
- Territory protection is limited to a 2-mile radius and the FDD states expressly that no exclusive territory is granted.
- The post-term non-compete extends 5 miles from any other Take 5 center, so its geographic reach expands as the system grows.
- Item 6 gives the transfer and successor fees as 50% of the then-current initial franchise fee but states the current amount as $17,500, which is 50% of $35,000 rather than of the $45,000 fee disclosed in Item 5.
Summaries are neutral paraphrases of the cited document and are not legal advice. Read the full Items in the current FDD and consult a franchise attorney.
Illustrative unit economics
Model estimateModel estimate — not disclosed by the franchisor, not a forecast. Fee lines below come from this brand's verified FDD fee schedule and are computed exactly as disclosed (each line shows its arithmetic). Operating-cost ratios are category placeholders we chose — every one is editable and labeled assumption. Results are illustrative arithmetic, not expected returns. Every figure here belongs to one of five labeled categories — disclosed inputs, model assumptions, unmodeled mandatory fees, user-editable assumptions, and exclusions — defined in our methodology. This brand's Item 19 also discloses some cost or profit data — see the Item 19 section, which takes precedence over any assumption here.
| Line (annual) | Downside | Base | Upside |
|---|---|---|---|
| Revenue (AUV basis) | $931,354 | $1,235,518 | $1,420,846 |
| − Cost of goods / supplies assumption | $279,406 | $370,655 | $426,254 |
| − Payroll (excl. owner) assumption | $251,466 | $333,590 | $383,628 |
| − Occupancy assumption | $74,508 | $98,841 | $113,668 |
| − Other operating expenses assumption | $93,135 | $123,552 | $142,085 |
| − Royalty Fee disclosed 7% of gross sales = $86,486 |
$65,195 | $86,486 | $99,459 |
| − Marketing Funds contributions disclosed 5% of gross sales = $61,776 |
$46,568 | $61,776 | $71,042 |
| − Annual/regional conference fees disclosed $249 per year |
$249 | $249 | $249 |
| − Software License Fee disclosed $249/month × 12 = $2,988 |
$2,988 | $2,988 | $2,988 |
| − Credit card fees disclosed 1% of gross sales = $12,355 |
$9,314 | $12,355 | $14,208 |
| = Modeled operating result before the items below (EBITDA-style) | $108,525 | $145,025 | $167,264 |
| − Manager compensation assumption | $70,000 | $70,000 | $70,000 |
| = Modeled result after manager compensation | $38,525 | $75,025 | $97,264 |
| − Illustrative debt service assumption | $168,085 | $168,085 | $168,085 |
| = Illustrative pre-tax cash flow — before taxes, capital expenditures and unmodeled fees | −$129,560 | −$93,060 | −$70,821 |
| Modeled operating margin | 11.7% | 11.7% | 11.8% |
This modeled result is not owner income. It excludes: income taxes; capital expenditures and equipment-replacement reserves; working-capital needs; ramp-up losses; owner-specific costs; one-time and per-event fees (transfer, renewal, audit); and 2 mandatory fee(s) whose amounts the FDD does not state (listed below — real outflows are higher by these amounts). It is illustrative arithmetic on stated assumptions, not a promise or forecast of what a franchisee earns.
Mandatory fees disclosed but not quantified — not included in the modeled result: the FDD requires these but states no amount (e.g. billed at "then-current" rates). They are never modeled as $0. If you have a quote or estimate, enter an annual amount to include it as your own assumption:
- Local Marketing (required participation, amount unstated) (Item 11, p. 57) — A real obligation with no minimum dollar amount or percentage anywhere in Items 6, 7 or 11 and no Item 6 line item; it is separate from, and not credited against, the 5% Marketing Funds contribution.
- Local and Regional Advertising Cooperative contribution (Item 11, p. 58) — Corresponds to /fees/cooperative; no cooperative currently exists.
Every figure in this table is a model estimate built on the disclosed fee schedule plus labeled assumptions. Excluded: income taxes, owner draw, working-capital swings, capital expenditures, ramp-up losses in year one, one-time and per-event fees (transfer, renewal, audit), and the undisclosed-amount fees listed above. Read AUV vs. EBITDA vs. owner income before using this.
Sources and provenance
Primary source: 2025 Franchise Disclosure Document — Take 5 Franchisor SPV LLC, as amended December 29, 2025 · issued 2025-06-13 · amended 2025-12-29. Find the FDD at Minnesota Department of Commerce — CARDS Franchise Registrations. We cite source pages and do not redistribute PDFs.
View all sources, provenance and verification notes
| Document | Obtained from | Dates | Status |
|---|---|---|---|
| 2025 Franchise Disclosure Document — Take 5 Franchisor SPV LLC, as amended December 29, 2025 Registry file 10913 · 400 pages Cover reads 'Issuance Date: June 13, 2025, as amended December 29, 2025'; running footer reads 'Take 5 12/2025 Amendment'. Registry status checked 2026-09-03 via the registries' own search endpoints: Wisconsin DFI registration (file 639409) effective 6/26/2025, EXPIRED 6/26/2026; Minnesota CARDS file 10913 received an ORDER OF CANCELLATION on 7/27/2026. The December 2025 amended FDD (received by Minnesota 12/31/2025) remains the latest filing located in either registry as of that check; no 2026 Take 5 FDD was found. A registration lapse or cancellation is a registration-status event, not evidence the disclosures are wrong — but a newer FDD may exist outside these registries. | Minnesota Department of Commerce — CARDS Franchise Registrations | Issued 2025-06-13; amended 2025-12-29 Retrieved 2026-08-29 | Older document |
AI-assisted extraction from the archived FDD text, independently machine-verified against the cited source (two passes plus tie-break); not human-reviewed. Extracted 2026-08-29. Last updated 2026-09-03. AI-assisted extraction independently machine-verified against the cited source document (2026-08-30): two independent AI reading passes plus tie-break re-inspection of every disagreement; 74 of 77 material fields confirmed (65 with the exact page citation re-confirmed), 3 corrected, 0 unresolved, 3 confirmed not disclosed. No human has reviewed this profile. Fiscal year covered: FY2024 (Dec 28, 2024). See how we use AI and verify data.
Fields flagged as uncertain (6)
- franchisor.franchising_since — current franchisor since April 2018, predecessor Take 5 Franchising from April 2017 (Item 1); the earlier date is recorded.
- franchisor.business_since — 2000 is taken from Item 7 note 13 ('our affiliates' experience in operating Take 5 Oil Change Centers since 2000'); Item 1 gives no founding year for the concept.
- investment.franchise_fee_low/high — the $45,000 Item 5 fee only; the $3,000 software installation fee and $20,000 grand opening contribution are also due at signing.
- fees.transfer_fee and fees.renewal_fee — Item 6's stated dollar amount ($17,500) does not match its stated formula (50% of the $45,000 initial franchise fee); the stated dollar amount is recorded.
- item20.us_only and units.us_only — Item 20 does not expressly say the counts are U.S. only; this is inferred from the state-by-state tables and from Canada being franchised by a separate affiliate.
- fees.local_marketing and fees.cooperative — a requirement exists but no amount is disclosed, so both are recorded as not_disclosed.
Extraction notes (17)
- Registry observation: the source document was obtained from the Minnesota Department of Commerce CARDS registry (file 10913, received 12/31/2025) and is the June 13, 2025 FDD as amended December 29, 2025. The brand's Wisconsin registration expired during 2025 and Minnesota entered an Order of Cancellation in July 2026. No newer FDD was available at retrieval, so the document is treated as current for extraction; a reader should verify present registration status.
- Item 19 mixes franchised and affiliate-owned populations. Only Parts II.A and II.B describe franchised outlets; the headline AUV uses Part II.B (323 franchised centers open 12+ months). Part I's cost and EBITDA table is affiliate-owned data adjusted to a franchisee cost structure and is flagged as such on every metric.
- Both Item 7 tables foot exactly to their stated totals (ground-up $912,248 / $2,053,642; conversion $287,145 / $1,013,587), and Item 20 Tables 1, 3 and 4 reconcile internally and with each other for all three years.
- Item 5 discloses that franchisees actually paid initial franchise fees of $0 to $35,000 during fiscal 2024 under incentive programs. Per project rules the standard $45,000 fee is recorded and the incentive range is noted rather than used as a range.
- No minimum liquidity or net worth requirement appears anywhere in the reviewed cover pages or Items 1, 5, 7, 11, 15 or 17; both are recorded as not_disclosed.
- Financial statements (Item 21) were not reviewed as part of this extraction; the cover pages carry a state-required Financial Condition risk statement about them.
- Item 20 fiscal years end on the last Saturday of December (December 31, 2022, December 30, 2023 and December 28, 2024); the FDD does not state the fiscal-year rule itself, only these dates.
- item19.population_share_of_system (74.8) is computed as 323 Part II.B centers divided by the 432 franchised outlets at fiscal 2024 year end.
- Verification 2026-08-30: correct /investment/franchise_fee_low 45000 → 68000
- Verification 2026-08-30: correct /investment/franchise_fee_high 45000 → 68000
- Verification 2026-08-30: correct /investment/net_worth_required None → 500000
- Verification 2026-08-30: fix_page /units/total 92 → 93
- Verification 2026-08-30: fix_page /units/company_owned 92 → 93
- Verification 2026-08-30: fix_page /item20/projected_openings_next_year 99 → 100
- Verification 2026-08-30: fix_page /item20/signed_not_open 99 → 100
- Verification 2026-08-30: fix_page /risk/personal_guaranty 70 → 71
- 2026-09-03: registry status re-checked (audit item): WI registration expired 6/26/2026; MN order of cancellation 7/27/2026; December 2025 amendment remains the latest filing located. older_document_used set true — the document year (2025) trails the current year.
We do not host or redistribute FDD PDFs. Search the registry linked above by franchisor name to obtain the document. Found an error? Report a correction with the field and the primary source.
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