2000
190
$300,000
$45,000
$1,700,000
No
Offering a proven and successful franchise concept, RNR Tire Express is a national retailer of safe, quality tires and custom wheels with flexible and affordable payment options.
RNR Tire Express is a national franchise retailer of safe, quality tires and custom wheels with flexible payment options. When you join the RNR family as a franchisee, you have the benefit of a trusted brand, proven business model, award winning in-house marketing team and unmatched support; giving you the roadmap for success in this ever growing industry. Our concept does not require industry experience; just passionate people who are driven to succeed and have the ability to emulate the company’s culture.
At RNR, we believe that nobody does it better! Being the largest franchisor of rent to own tire and wheel stores nationwide, we are the industry leader, offering an internet proof, recession resistant and pandemic proof business model with a great return on a product that’s needed every day. Our proven operating method is designed to maximize your profits, while providing individual freedom to enhance your business and your style. A company fueled by passion, community and culture, RNR leverages their 50 plus years of rent to own experience paired with extensive knowledge of the custom wheel and tire industry; resulting in a recipe for success.
Established: 2000
First Unit Franchised: 2003
Franchised Units: 190+
Company Owned Units: 24
States Registered In: All except for Minnesota & Wisconsin
Canada Franchises: Yes
International Franchises: No
Cash Investment: $300K-$500K
Total Investment: $1MIL-$1.7MIL
Minimum Net Worth: $2,000,000
Franchise Fee: $45,000
Royalty: 5%
Ad: 0%
Local Marketing: 5% (not paid to franchisor)
Average Number of Employees: 6+
Item 19: Yes
SBA Approved: Yes
Passive Ownership: Semi-Absentee Mainly
Home Based: No
B2B: No
Master Franchise Opportunities: No
Veteran Discount Yes
Special Intructions: High Return On Investment. High Net Worth with liquidity for working capital as ALL of the financing for the customers for product is done by franchisee. Minimum net worth of $2 Million.
Other Info: Great fit in all size markets. Smaller markets should have 50k population in trade area.
Financial Assistance Provided: No, Recommendations if requested
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Side Design and Furnishing Assistance: Yes
FF&E and Inventory Assistance: Yes
Recruiting Assistance: Yes
Co-Operative Advertising Optional: Yes
Training: Extensive four weeks training program: two weeks in Tampa & two weeks on location. Full team recommended. Ongoing training available through the RNR University (online) or in-person upon request.
Marketing Support (In-House): Creative, Local Marketing Planning and Budgeting, Website Design and Maintenance, Social Media, Brand Guidelines, Grand Opening Planning
Operations: Dedicated operations support team, weekly calls, sales coaching, P&L reviews, benchmarking, KPI review, ongoing training
This business attracts high net worth franchisees who are looking to build wealth through multi-unit ownership. Over 80% of our franchise owners have multiple locations and delegate day-to-day management responsibilities. Some franchise owners are more involved and hands-on, and this may be their full-time job. Although most franchisees are not day-to-day operators, we recommend that a NEW franchisee is engaged in the business for 6 months to a year so they can learn the business and be able to better manage and coach their teams to success.
The ideal candidate will need to have a net worth of at least $2MIL. It is important to note the need for liquidity of approximately $500 for multi-unit approval.
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