Driven Brands Holdings Inc. announced the grand opening of its 10th Take 5 co-development in Concord, North Carolina.
Bringing Take 5 Oil Change and Take 5 Car Wash together in one convenient location simplifies the car care experience for customers and drives operational synergies by developing a quick lube and car wash concurrently, further enhancing the unit-level economics, according to Driven Brands. Building on the early success of the concept, the Company says it has a pipeline of over 50 co-developed locations set to open in the next two years.
“At Take 5, we dreamed of building a brand that transformed the category by embracing simplicity, transparency, and a great customer experience. Co-developing our Take 5 concepts is the next evolution of that transformation, improving the customer value proposition and driving share of wallet for Driven Brands,” said Danny Rivera, chief operating officer – Elect. “As the car wash business benefits from the strong and growing brand awareness of Take 5, its high-volume locations provide a lower cost of customer acquisition for the quick lube business.
“With such substantial benefits to our consumers, the benefit to our franchisees is also tangible. Last month, we signed our 1,000th franchise license for Take 5 Oil Change, giving us a path to more than double our footprint over the next three to four years,” continued Rivera.
For more information, visit: https://www.take5.com/