TAMPA BAY, Fla.--(BUSINESS WIRE)--Building on the momentum of last year’s 58-unit franchise agreement which steered brand development into Alabama, Mississippi, Louisiana, Tennessee and Florida, RNR Tire Express & Custom Wheels (RNR), the fastest-growing tire and custom wheel franchise in the nation, announced today a 29-unit agreement. This deal will break the brand into Nebraska and Iowa and further expand its presence throughout Kansas.
The actual development of this agreement is already underway with two locations open and operating in Wichita and two more up and running in Hutchinson and Topeka, Kansas respectfully. These locations are the first of the 29-unit agreement to open and are owned by industry veterans, Geron Vail and Tim Daniel of Daniel Vail Investments, LLC. The business partners plan to bring an additional 10 locations to Kansas and 16 more locations between Nebraska and Iowa.
“We look forward to bringing RNR’s affordable pay-as-you-go tires and custom wheels to the people of Nebraska and Iowa and continuing the brands growth throughout Kansas.” said Tim Daniel, Partner of Daniel Vail Investments, LLC. “This agreement is a representation of the commitment our team has to providing premium tires and custom wheels to a growing market.”
This recent agreement validates the company’s organic growth as current franchisees continue to sign on for further expansion of the brand. This momentum has largely been driven by existing RNR franchise owners who are reinvesting in the fast-growing brand due to strong consumer demand of RNR’s unparalleled pay-as-you-go tire and wheel business model. The company has experienced significant growth over the past year – expanding to nearly 100 locations in 22 states.
“Our unique business model, innovative training platforms, and premier service have driven RNR to become the dominant brand for affordable, convenient and quality tires and custom wheels,” said Larry Sutton, founder and president of RNR Tire Express & Custom Wheels. “The ongoing trust and determination our franchise owners have committed to our brand has truly been the foundation of our explosive growth over the past year.”
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.
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 $500,000 to $1,000,000.
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 tires & wheels in Entrepreneur Magazine’s 2016 Franchise 500 list and took home 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.