--- title: "Purple Square Management Diversifies Restaurant Portfolio with Take 5 Oil Change" url: https://burnaze.com/article/b510c6e4-0351-4a18-ad0d-fd941c0d72f1 source: "Franchising.com" original_url: https://www.franchising.com/news/20201006_purple_square_management_diversifies_restaurant_portfolio_with_take_5_oil_c.html category: "Oil change" industry: "Automotive" segment: "Oil change" topics: ["Development & multi-unit"] published: 2020-10-06T12:00:00.000Z modified: 2026-11-01T02:33:44.378Z image: https://images.unsplash.com/photo-1497366216548-37526070297c?w=1600&q=80&auto=format&fit=crop --- # Purple Square Management Diversifies Restaurant Portfolio with Take 5 Oil Change **TL;DR:** Purple Square Management Company, a multi-unit operator, has added Take 5 Oil Change to its portfolio of brands, diversifying its restaurant portfolio. The company owns and operates over 150 franchise locations across seven states, including Dunkin' Donuts/Baskin Robbins, Popeyes Louisiana Kitchen, and The Brass Tap. *originally published in Franchising.com on 2020-10-06. [Read the original](https://www.franchising.com/news/20201006_purple_square_management_diversifies_restaurant_portfolio_with_take_5_oil_c.html).* ## Story Purple Square Management Company, headquartered near Tampa, FL, owns and operates more than 150 franchise locations across seven states, with such brands as Dunkin® Donuts/Baskin Robbins, Popeyes® Louisiana Kitchen, The Brass Tap, Rent-A-Center®, and Take 5 Oil Change. They recently opened their second Take 5 Oil Change in Orlando, with several more planned in the next 12 months. Patel is excited about the opportunity that Take 5 offers to grow and diversify the Purple Square portfolio. “Any entrepreneur in my position, heavily invested in Quick Service Restaurants (QSR), looks to diversify their holdings,” said Patel. “Take 5 has proven to be a great diversification play for us because it is an essential business in a solid industry, with a business model that is simple and not far removed from the QSR model. It involves shorter hours, non-perishable inventory, and requires less staffing than QSR, which add to its attractiveness as an investment.” All business is about creating a great customer experience so that people return again and again. In the case of a QSR, they may see a customer as often as five times a week, so there are many opportunities to deliver that great customer experience. With an oil change however, you may not see that customer again for four to six months, so creating a great customer experience and building a loyal customer base is absolutely critical. “I was very impressed with the Take 5 model and how they deliver a unique, exceptional customer experience,” said Patel. “The service is fast, the staff is friendly and the environment is clean, not like the oil change experience of the past. And the stay-in-your car model fits well with how business will be conducted in a post-pandemic world. Take 5 is hyper-focused on creating that great customer experience.” When asked what advice he would give to potential investors, Patel offered the following: “For an investor that is already involved in QSR franchising, diversification gives you the opportunity to expand within your existing geography, and Take 5 gives you a simple to learn, replicable model,“ said Patel. “For someone new to franchising, Take 5 is also a great place to start. The Take 5 team provides an incredible training program for the owner and the entire team, the business is easy to learn, and it’s a business with reasonable operating hours.” Take 5 continues to be an excellent investment opportunity for entrepreneurs looking to diversify their portfolios with a simple, replicable service model in a recession-resistant industry. Take 5 is actively seeking single-unit and multi-unit franchise owners to expand the brand’s footprint. 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. For more information, visit the Take 5 Oil Change website. Driven Brands™, headquartered in Charlotte, NC, is the parent company of some of North America’s leading automotive service businesses including Take 5 Oil Change®, Meineke Car Care Centers®, Automotive Training Institute™, Maaco®, CARSTAR®, ABRA®, Uniban™, 1-800-Radiator & A/C® and PH Vitres d’Autos™, and the International Car Wash Group. Driven Brands has more than 4,000 centers across 15 countries, and combined United States and Canada, and combined, all businesses generate approximately $3.8 billion in system-wide sales and service over 50 million vehicles annually. ## Entities - Franchising.com (publication) - unit expansion (topic) - Automotive (sector) - The Brass Tap (company) - Baskin-Robbins (company) - Dunkin' Donuts (company) - Driven Brands (company) - Take 5 Oil Change (company) - Popeyes Louisiana Kitchen (company) - Rent-A-Center (company) - portfolio diversification (topic) - quick-lube franchise (topic) --- Originally reported by Franchising.com (https://www.franchising.com/news/20201006_purple_square_management_diversifies_restaurant_portfolio_with_take_5_oil_c.html). Summarized by Burnaze (https://burnaze.com/article/b510c6e4-0351-4a18-ad0d-fd941c0d72f1).