RNR Tire Express and Custom Wheels has just earned the top spot in Entrepreneur magazine’s Franchise 500 for the Wheels & Tires franchises businesses category. Its overall ranking at the 330th spot is the highest ranking the Tampa-based franchise business has achieved since 2008 and represents a climb of 126 spots from 2011’s ranking. RNR has been on the Franchise 500 list annually since it first debuted on it in 2007, and it was also one of the "Top New Franchises" in 2008.
RNR President Larry Sutton spoke about the honor, saying the company is honored to be included in the Franchise 500. RNR’s team, Sutton says, has worked very hard to continue to grow the system and support its franchisees. RNR is currently experiencing steady growth, with store sales in the system increasing and current franchisees adding new locations in their protected areas.
Vice President of Franchise Development for RNR Vince Ficarrotta said the interest in the company has grown continually over the last three years. The franchisees validate the system and continue expanding into new locations, so he believes RNR will continue its upward growth trend over the next few years.
The top franchises for 2016 on the Franchise 500 reveal the trends and industries that are going to expand going forward. RNR, which was founded in 1999 and began franchising in 2003, has consistently made the ranking and now operates in 21 states in the US. Within the system, there are 15 franchisees who own more than 65 locations nationwide.
The RNR Customer Experience
At RNR, customers can pay for wheels and tires in weekly, biweekly or monthly installments thanks to its no-credit-hassle program. Customers also receive the lowest prices on available products and enjoy a large selection of rented and new merchandise. The company also carries every major brand name in the custom tire and wheel industry.
RNR Franchising Opportunities
RNR is currently looking for franchisees in several markets. Previous wheel and tire experience is not required because RNR offers full training. The franchise fee is $35,000, with the total investment ranging from $298,795 to $573,475. Qualified franchisees will have a net worth of $350,000 with at least $200,000 of it liquid.
If you’re seeking franchise opportunities in the wheels and tire segment or are just looking for a brand that is offering something unique while being poised for growth, check out RNR today.
To learn more about top automotive franchise opportunities, visit FranchiseExpo.com.