January 24, 2024
Auto - Others
Take 5, initially founded as Rapid Oil Change in 1984 in Louisiana, just outside New Orleans, has significantly expanded its presence in the automotive service industry. The company's journey from its origins to becoming a significant player across the southeastern United States is marked by strategic growth and a focus on community integration. With operations extending across eight states from Virginia to Texas, Take 5 currently operates 60 locations, with more set to open soon, including their first in Florida. This expansion reflects the brand's cautious approach to franchising, indicating a focus on controlled growth and quality service.
A significant shift in Take 5's business model occurred in 1996, with the introduction of the 5 Minute Car Wash pilot, marking a transition towards enhancing customer experience and service speed. This change paved the way for the 2020 launch of Take 5 Car Wash, which emphasizes a fast, friendly, and convenient experience. This evolution in services underlines Take 5's commitment to customer satisfaction and innovation in the automotive service industry.
Take 5's franchising strategy, initiated in 2018, is a cornerstone of its growth. With over 500 locations in 18 states, the company has established itself as a disruptive force in the industry, drawing inspiration from the hospitality sector to transform oil change services into an enjoyable, customer-focused experience. The brand's innovative drive-through oil change service, which allows customers to stay in their cars during the service, is a unique feature that differentiates Take 5 from its competitors. This model, which features shallow pits and synchronized oil changes, is designed to provide fast and friendly service, enhancing the overall customer experience.
Financially, Take 5 has demonstrated robust growth and market penetration, evidenced by its expansive franchise network. This growth is driven by consumer demand and compelling business economics, positioning Take 5 as a strong player in the automotive service industry. The brand's expansion through franchising, particularly in the Southeast United States, signifies a strategic approach to growth, focusing on building a solid brand presence in key markets.
In summary, Take 5 emerges as a dynamic and innovative player in the automotive service sector, offering a unique customer experience with its drive-through oil change services. The brand's cautious approach to franchising, coupled with its rapid expansion and commitment to customer satisfaction, positions it as an attractive and stable tenant in the commercial real estate market. The company's financial growth, customer-centric service model, and strategic expansion through franchising further emphasize its potential as a desirable tenant for landlords and investors in the commercial real estate sector.
3 mo avg (387 properties)
Average Sale Price
900 - 1500
1,400 - 1,600
Approx. Store Count
10% Every 5 Years
Reflect only properties with long-term lease.
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