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Updated RecentlyVictory Lane Quick Oil Change vs Take 5 Oil Change Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Victory Lane Quick Oil Change vs Take 5 Oil Change including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $137,000 - $532,000 | $216,469 - $905,490 |
| Franchise Fee | $30,000 | $35,000 |
| Royalty Fee | 6% | 7% |
| Advertising Fee | 2% | 5% |
| Year Founded | 1980 | 1984 |
| Year Franchised | 1986 | 2016 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | $4500 | - |
Business Experience Requirements |
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| Experience | - | Our ideal candidate is someone looking for a high margin franchise investment and who should: Have a net worth of $1.5M+. Be an experienced business owner or a Franchise Owner of another brand who is looking to diversify, build wealth, and be first to market. Have management experience and a mentorship mentality. Have strong operations experience. |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/Yes |
| Start-up Costs | No/Yes | -/Yes |
| Equipment | No/Yes | -/Yes |
| Inventory | No/No | -/Yes |
| Receivables | No/No | -/Yes |
| Payroll | No/No | -/Yes |
Training & Support |
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| Training | - | On-The-Job Training: 120 hours Classroom Training: 55 hours |
| Support | - | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | - | Co-op Advertising Ad Templates Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | No | Yes |
Company Overviews
About Victory Lane Quick Oil Change
Enter An Exciting Industry That Offers Great Opportunities!
Victory Lane Quick Oil Change, Inc. is your entrance into a solid, recession proof industry that has strong consumer demand! Become part of one of the best quick lube franchise opportunities in the United States. Every car owner needs it's oil changed, and with more demands on Americans’ time than ever before, the increase in population growth, and stringent government regulations on used oil disposal, the demand for do-it-for-me quick oil changes has increased significantly.
Think of all the new neighborhoods being developed. For each new home built, there are 1, 2, 3, 4 or more drivers with vehicles, and each of these cars needs its oil changed an average of 3.7 times a year, according to the Automotive Oil Change Association. This means that new customers are literally moving into your area all the time, and just waiting for a Victory Lane Quick Oil Change center to open and change their oil and major automotive fluids. Could you be the quick oil change franchisee they are looking for?
The American dream is still alive and we’re living it. Come join us!
The total investment necessary to begin operation of a single Victory Lane Center is $137,000 to $412,000. This includes $44,500 to $51,000
that must be paid to the franchisor or its affiliates.
The total investment necessary to begin 3 to 5 Victory Lane Centers under our Area Development Program is $167,500 to $532,000, including total investment for one Victory Lane Center. This includes $79,500 to $219,500 (based on 2 to 5 VICTORY LANE® Centers) that must be paid to the Franchisor or affiliate.
The total investment necessary to begin 3 to 5 Victory Lane Centers under our Area Development Program is $167,500 to $532,000, including total investment for one Victory Lane Center. This includes $79,500 to $219,500 (based on 2 to 5 VICTORY LANE® Centers) that must be paid to the Franchisor or affiliate.
About Take 5 Oil Change
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We are Take 5, and we are proud to be the industry disruptor and
automotive franchise to own. We took inspiration from the hospitality
industry to transform the mundane task of getting an oil change into an
enjoyable customer-focused experience. Our revolutionary drive-through
oil change services can be found in over 500 locations in 18 states. As
we continue to expand our brand, our immediate focus is to grow our
brand presence through franchising in the Southeast United States.
The total investment necessary to begin operation of a new (ground-up)
Take 5 Oil Change Center franchise is $683,804 to $905,490.
This
includes $111,000 to $124,000 that must be paid to the franchisor or an
affiliate.
The total investment necessary to begin operation of a
conversion Take 5 Oil Change Center franchise is $216,469 to $463,000.
This includes $86,000 to $124,000 that must be paid to the franchisor or
an affiliate.
The total investment necessary to begin operation under
the Area Development Agreement is $35,000 to $210,000.
This includes
$35,000 to $210,000 that must be paid to the franchisor or an affiliate.
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#216 in Franchise 500 for 2021.