Econo Lube N' Tune vs Take 5 Oil Change Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Econo Lube N' Tune vs Take 5 Oil Change including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Econo Lube N' Tune Franchise
Take 5 Oil Change Franchise
Investment $145,135 - $201,690$216,469 - $905,490
Franchise Fee $29,500$35,000
Royalty Fee 5%7%
Advertising Fee 6%5%
Year Founded 19731984
Year Franchised 19732016
Term Of Agreement 20 years-
Term Of Agreement 20 years-
Renewal Fee --


Business Experience Requirements
 
Econo Lube N' Tune Franchise
Take 5 Oil Change Franchise
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
 
Econo Lube N' Tune Franchise
Take 5 Oil Change Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/Yes
Start-up Costs -/--/Yes
Equipment -/--/Yes
Inventory -/--/Yes
Receivables -/--/Yes
Payroll -/--/Yes

Training & Support
 
Econo Lube N' Tune Franchise
Take 5 Oil Change Franchise
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
 
Econo Lube N' Tune Franchise
Take 5 Oil Change Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Econo Lube N' Tune

Econo Lube N' Tune & Brake's "turn-key" process is as simple as it sounds. If you are approved for a franchise and successfully complete the intensive initial training program - you'll simply "turn-the-key" and step into a fully staffed, equipped and operationally ready Econo Lube N' Tune & Brakes automotive service center, though we also provide you a credit which you can use to make additional cosmetic improvements. Econo Lube N' Tune & Brakes has existing centers as well as new locations available for franchising. Currently the Company is focusing on expansion in Arizona, Colorado, and Dallas (9/1/04) Econo Lube N' Tune & Brakes approaches the franchise process with a different philosophy than most other franchise companies. At Econo Lube N' Tune & Brakes we won't ask a potential franchise owner to invest or participate in developing a location until the company itself has made a substantial investment in time, energy, professional services and money. Before a prospective franchise owner is asked to commit to an Econo Lube N' Tune & Brakes location, the Company has: * Identified the marketplace * Selected a site * Purchased the property * Planned, designed and constructed the building * In most cases, acquired and installed all furniture, fixtures, equipment and signage * Fully stocked the location with all oil change, tune-up and brake parts needed * Hired and trained a staff to operate the location * Trained the new franchise owner Anyone who has ever opened their own business and has had to accomplish all of these goals on their own can truly relate, and appreciate the "turn-key" process we offer here at Econo Lube N' Tune & Brakes.

About Take 5 Oil Change

"Take
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.

"Entrepreneur
#426 in Franchise 500 for 2020.
#216 in Franchise 500 for 2021.