TAMPA BAY, Fla.--(BUSINESS WIRE)--After wrapping up another strong year that included the opening of 15 new locations and the signing of a massive 58-unit deal in the Southeast, RNR Tire Express & Custom Wheels (RNR), the fastest-growing tire and custom wheel franchise in the nation, once again graced the prestigious Entrepreneur Franchise 500 list. This year the franchise not only climbed up the ranks to No. 126, the highest position in company history, but brought home the title of No. 1 in the Misc. Auto Products Franchises category for the second year in a row.
Noted as the world’s first, best and most comprehensive franchise ranking of the top franchise opportunities in the United States, the Franchise 500 list recognizes and celebrates top franchises based on financial strength and stability, growth rate and size of the franchise system.
“To be able to say that RNR has been named to the Franchise 500 list for the tenth year in a row is extraordinary, and to move up over 200 spots overall and bring home No. 1 in category is the icing on the cake,” said Larry Sutton, founder and president of RNR Tire Express & Custom Wheels. “This ranking is a testament to all the hard work and dedication of our corporate team and franchisees and proves that RNR continues to be the go-to dealer for affordable quality tires and custom wheels in America.”
RNR Tire Express & Custom Wheels has carved out a unique niche in the tire and wheel industry. With its convenient, no hassle payment plans that fit each client’s budget, RNR offers and professionally installs high quality tires and custom wheels to a growing underserved market. RNR has established a business model that allows clients to pay off name brand tires and wheels on a weekly or monthly plan that is affordable to them. The unique pay-as-you-go or lease purchase business model is not just attractive to consumers – franchisees of RNR have witnessed the demand of the service and are reinvesting in the brand to open more locations throughout the nation.
Founded in 2000 by rent-to-own veteran Larry Sutton, RNR has since grown to almost 100 locations in 22 states. The brand has experienced significant organic growth with 16 franchisees operating 86 locations, and over the past 15 months, RNR has opened a new store every month. The brand looks to continue its expansion across the county and is seeking additional qualified multi-unit franchisees in New York, Arizona, Colorado and West Virginia, among other states. With a corporate culture that allows franchisees to have a high degree of entrepreneurial freedom and a proven record of same-store revenue growth for three consecutive years, RNR offers numerous benefits for prospective franchisees. The initial franchise fee for RNR is $35,000 with the total single-unit investment ranging from $400,000 - $600,000.
For more information about RNR and its franchise opportunities, visit www.rnrfranchise.com.
About RNR Tire Express & Custom Wheels:
RNR Tire Express & Custom Wheels is a national franchise retailer of quality tires and custom wheels offered with convenient, no credit hassle payment plans designed to fit each client’s unique budgets. Established in 2000 by rent-to-own veteran, Larry Sutton, RNR has grown to almost 100 locations in 22 states. The brand recently ranked as the No. 1 category leader for miscellaneous auto products in Entrepreneur Magazine’s 2017 Franchise 500 list and took home the No. 126 spot on the annual ranking—the highest in company history. The brand owns two spots on Tire Business’ 2015 Annual Report coming in at No. 15 for total revenue and No. 18 for total locations. RNR Tire Express & Custom Wheels is seeking qualified multi-unit franchisees to expand even further nationally with prime markets available throughout the country. For more information about RNR, or to inquire about franchise opportunities, visit www.rnrfranchise.com.