Driven Brands opens 8 renovated sites

Undisclosed was acquired by Driven Brands on Nov 17, 2022.

OverviewMarketImpactCommentary
Deal Overview
Purchase Date
November 17, 2022
Primary State
Ohio
Sites Bought
8
Sites
Deal Value
Undisclosed
Transaction Synopsis
  • Driven Brands announced the grand openings of eight newly converted locations in Central Ohio, all of which are officially open to customers last Nov. 17.
  • These sites were branded as Take 5 Car Wash® and equipped with the retailer’s proprietary Pro5™ five-step process for a professional clean, powered by Armor All® Professional wash and wax formulas which are officially open to customers starting November.
  • Ohio Take 5 Car Wash sites celebrating grand openings are open for business starting Nov. 17, 2022.

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Market Significance
  • Take 5 Car Wash has more than doubled its presence in Ohio since acquiring International Car Wash Group (ICWG) in August 2020.
  • The wash, located at 3267 Morse Rd., was the first carwash in Ohio to join the Driven Brands portfolio, initiating tremendous Take 5 Car Wash growth to come in the state.
Client Impact
  • Customers receiving their free carwash will have the chance to make donations to support the nonprofit through Take 5 Car Wash’s touchscreen kiosks and cash donation boxes.
  • In addition to receiving free carwashes, customers at Central Ohio grand opening sites will have the chance to try any tier of Take 5 Unlimited, which gives drivers unlimited washes at all Driven Brand Car Wash locations.
  • New members will be offered a discounted rate of $0.99 for the first month if purchased before Nov. 21, and $9.99 for the first month if purchased between Nov. 22-Dec. 16.
Management Commentary

“Our Pro5 promise to customers from start to finish truly separates us from other washes in the area. There is a major difference in the services and products we are providing to our customers compared to others. The transition to Take 5 is exciting because we are growing our network and becoming an even more convenient go-to for Central Ohio communities.”

Brandon CookBrandon Cook
Brandon Cook