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Stock impact report

Take 5 Oil Change named top brand to buy by Franchise Times, wins Zor award [Yahoo! Finance]

Driven Brands Holdings Inc. (DRVN) 
Company Research Source: Yahoo! Finance
CHARLOTTE, N.C. March 6, 2024 /PRNewswire-PRWeb/ -- Take 5 Oil Change announced today that its industry-leading business was recognized by Franchise Times as the winner in "Road Warriors" category of the Zor Awards. Zor is an abbreviation of Franchisor, and it's the 8th year that the publication has given this award, which recognizes the best buys in franchising. "We are extremely proud and honored to win this award from Franchise Times, which recognizes that Take 5 Oil Change is an incredible opportunity for franchisees," said Danny Rivera , EVP and Chief Operating Officer, Driven Brands. "We have built Take 5 Oil Change into a leader in the quick lube space, with its simple operating model and great unit level economics. We have a highly sophisticated franchise base, and many of our owners have multi-unit retail experience and are signing development agreements for multiple locations, which shows the power of our platform." Because of the strong system-wide performance, 35% of Show less Read more
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