Take 5 Oil Change Expands in Midwest and West
New Franchisees Are Bringing Take 5 to Missouri, Colorado and Utah
July 29, 2020 // Franchising.com // CHARLOTTE - Take 5 Oil Change® continues impressive growth in these uncertain times, welcoming seven new investment groups since the beginning of this year, with development commitments for more than 80 new stores. These new franchisees are helping to grow the Take 5 brand and bring the Take 5 fast, friendly and efficient service model to the Midwest and western part of the U.S. In addition, 16 new franchise store locations have opened so far this year through the South and Midwest.
Take 5 has disrupted the traditional oil change business model with its unique, speedy, customer-focused service and stay-in-the-car approach, which is particularly attractive in today’s COVID world. This has fueled an amazing growth trajectory for the company and has gained the attention of multi-unit investors from a variety of industries, including real estate developers, financial experts and entrepreneurs looking to expand and diversify their portfolios.
Take 5 Welcomes Ray Kane, Mike Straus and Kevin Boyd into the Take 5 Franchise System!
Essential Automotive Services LLC, owned by Kane, Straus and Boyd has committed to developing over a dozen new stores in the Chicago market. Ray Kane is a founding partner and president of the law firm Kane Coleman Russell and Logan. He has represented numerous Fortune 100 clients in every facet of real estate transaction, including development, construction and leasing.
Mike Straus has more than 15 years of operations and management experience, including more than seven years as regional vice president for Student Transportation of America, where he managed a $50M P&L with more than 1,100 employees. For the last seven years, Straus has been in the Chicago real estate market.
Kevin Boyd has 34 years of commercial real estate experience, where he provided brokerage services representing Circuit City, CVS, Home Depot, Car Max, and Dick's Sporting Goods to name a few. Additionally, Boyd founded Interstate Real Estate, a real estate development firm where he provided ground-up development services.
Matt Beckham Plans to Add Take 5 Stores in the St. Louis Market.
Beckham is currently the founder and CEO of QuiBids, an online auction website, and Deal Nova, an Amazon marketplace business. He is also the founder of both Beckham Luxury and Sleep Restoration, the number one providers of luxury sleep items on Amazon. In aggregate, his businesses have produced more than $800 million in sales.
Mark Madigan to Develop More Take 5 Stores in the Chicago Market
Madigan is currently the president of Novak Development Group out of Chicago, focused on growing both the construction and real estate businesses through new client acquisition and development opportunities. Prior to joining Novak, Madigan spent 26 years in insurance brokerage including being an executive at Risk Strategies, a national insurance brokerage firm.
Dhruva Musunuru to Add to Take 5 Presence in the Denver Area
Musunuru spent 11 years in Dallas at Triple Net Financial, a private equity firm focused on real estate acquisitions, development and construction lending, before relocating to Denver. Musunuru's experience at Triple Net spans the entire spectrum of asset classes, including office, multi-family, industrial and retail.
Kelly Mayer Plans to Opening Eight Take 5 Locations in the Denver Market
A graduate of the US Naval Academy, Mayer served as an officer in the Navy for eight years. Following his service, Mayer spent nearly 30 years in financial services at various private equity funds, specializing in capital raising. Most recently, Mayer spent 14 years as a partner at Lion Capital where he managed fundraising, investor relations and various operational aspects of the business, including raising more than $7 billion from a global roster of blue-chip institutional investors.
Mitch Vande Gutche and His Family to Bring Take 5 Oil Change to Utah
The Vande Gutche's have committed to developing more than a dozen stores in Salt Lake City, UT. This will be the first entry for Take 5 into the state of Utah.
Vande Gutche has a background in mechanical engineering and has been focused on process improvement, most recently for Purolator and Skullcandy. His two brothers and father will also be heavily involved in the process. They own and operate Storr Office Environments, are franchisees of Aaron's Rent to Own, and have backgrounds in private equity and accounting.
Jared Whatcott and Jack Cornell Also Bringing New Stores to Northern
Salt Lake City and St. George, UT
Whatcott is currently the owner of Blue Falcon Capital and has a background in international equity investing, most recently for Wasatch Global. Cornell leads and founded the Salt Lake City, UT office for SRS Real Estate Partners, the largest real estate brokerage firm in the U.S. specifically for retail.
Take 5 is actively seeking single-unit and multi-unit franchise owners to expand the brand’s footprint.
About Take 5 Oil Change
Established in 1984, Take 5 Oil Change® is a quick lube franchise under Driven Brands featuring a unique drive-thru concept that allows customers to never leave the comfort of their car. The brand offers an on average 10-minute oil change service and ancillary services such as air filter replacement, wiper blade changes, and coolant exchanges. Take 5 has more than 530 company-owned and franchised service centers throughout the United States and Canada.
About Driven Brands
Driven Brands™, headquartered in Charlotte, NC, is the parent company of some of North America’s leading automotive service brands including Take 5 Oil Change®, Meineke Car Care Centers®, Automotive Training Institute™, Maaco®, CARSTAR®, ABRA®, Uniban™, Fix Auto USA, 1-800-Radiator & A/C® and PH Vitres d’Autos™. Driven Brands has more than 3,250 centers across the United States and Canada, and combined, all businesses generate more than $3.2 billion in system sales and service approximately 9 million vehicles annually.
SOURCE Driven Brands
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