- 2024 Franchise 500 Rank
-
#198 Ranked #170 last year
- Initial investment
-
$610K - $1.5M
- Units as of 2023
-
187 38.5% over 3 years
Founded in 1999, RNR Tire Express is parented by SPF Mgt. Co. LLC. It is headquartered in Tampa, Florida. The franchise offers a wide selection of brand-name tires and wheels for sale and rental. In addition to this, they also offer free professional installation as well as quality customer service. The franchisor will provide initial training programs and various ongoing support options to help franchisees start and operate their franchise.
Why Should You Start an RNR Tire Express Franchise?
When considering opening any business, the first step is to evaluate the overall opportunity within the industry. Eighty-eight percent of Americans own at least one car, putting wheels and tires in high demand. Time and again, individuals will spend heavily on tires and auto services. Unlike some other competitors, RNR Tire Express has multiple payment options. This improves its market share in this industry because it provides customers with the products they need on a budget and time frame they can afford.
RNR Tire Express is a unique automotive industry brand selling custom tires and wheels to customers on a “Rent-and-Roll” basis, meaning the customer gets their wheels of choice and pays later. The customer will bring their driver's license, vehicle registration, pay stub, and proof of where they live to get the wheels of their choice.
Payments can be made weekly, bi-weekly, or monthly, depending on the customer's purchasing power. Currently, RNR Tire Express has over 100 franchises across the United States.
What Might Make an RNR Tire Express Franchise a Good Choice?
RNR Tire Express has been franchising since 2003. To become a franchisee, you must pay an initial franchise fee and other startup costs. Franchisees must also meet the company's set net worth and liquid capital requirements. A franchise term lasts ten years and might be renewed if both parties choose to do so.
As you review the franchise opportunity, it would be wise to speak to a financial planner and attorney as you make ready to sign a contract with RNR Tire Express.
If a franchisee is interested in operating their unit as an absentee franchisee, they can franchise and operate a location with a team of about six employees.
How to Open an RNR Tire Express Franchise
As you decide whether to buy a franchise with RNR Tire Express, make sure you take time to explore the opportunity. Research the brand and your local area to see if a franchise would do well in your community. While competition is healthy, too much of it may not allow for possible growth.
After getting started as a franchisee with RNR Tire Express, you will need to attend a discovery day in Florida. Here, you have the opportunity to meet the team in person. You will also be able to ask any outstanding questions at this meeting before reviewing the Franchise Disclosure Document.
Once deciding to join RNR Tire Express as a franchisee, you will complete training at RNR Tire Express University and prepare to open your store.
Company Overview
About RNR Tire Express
| Industry | Automotive |
|---|---|
| Related Categories | Wheels & Tires, Miscellaneous Automotive Products & Services |
| Founded | 1999 |
| Parent Company | SPF Mgt. Co. LLC |
| Leadership | Larry Sutton, President & Founder |
| Corporate Address |
13922 Monroe's Business Park Tampa, FL 33635 |
| Social | Facebook, Twitter, LinkedIn, Instagram, YouTube, Pinterest |
Business Overview
| Franchising Since | 2003 (21 years) |
|---|---|
| # of employees at HQ | 28 |
| Where seeking |
This company is offering new franchises in the following US states: Alaska, Alabama, Arkansas, Arizona, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, West Virginia, Wyoming This company is offering new franchises in the following international regions: Canada |
| # of Units | 187 (as of 2023) |
|
|
|
Information for Franchisees
Here's what you need to know if you're interested in opening a RNR Tire Express franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
|
Initial Franchise Fee
|
$45,000 |
|---|---|
|
Initial Investment
|
$610,297 - $1,547,075 |
|
Net Worth Requirement
|
$2,000,000 - $100,000,000 |
|
Cash Requirement
|
$500,000 - $1,000,000 |
|
Veteran Incentives
|
$15,000 off franchise fee |
|
Royalty Fee
|
5% |
|
Term of Agreement
|
10 years |
| Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
| Third Party Financing | RNR Tire Express has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment, inventory, accounts receivable, payroll |
|---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
| On-The-Job Training | 64 hours |
|---|---|
| Classroom Training | 39 hours |
| Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Lease Negotiation
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
| Marketing Support |
Co-op Advertising
Ad Templates
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
| Is absentee ownership allowed? | Yes |
|---|---|
|
Can this franchise be run from home/mobile unit?
|
No |
|
Can this franchise be run part time?
|
No |
| # of employees required to run | 6 |
|
Are exclusive territories available?
|
Yes |
Franchise 500 Ranking History
Compare where RNR Tire Express landed on this year's Franchise 500 Ranking versus previous years.
Additional Rankings
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