RNR Tire Express is the largest franchisor of rent to own wheel and tire stores nationwide and were the first to franchise. RNR is the go-to place for quality tires and custom wheels with unique payment options including their Pay-As-You-Go! program to a growing, underserved and recession-resistant market. Their services include sales of tires, alignments, tire rotations, wheel balance, tire repair, maintenance, and more.
Started in 1999 under the name Rent-n-Roll
Began offering franchises in 2002 and in 30 states now.
There are no parent companies or predecessors.
Corporate Owned Territories: 23 stores
Franchise Units: 155 store
Franchise Fee: $45,000
Royalty: 5% of gross revenue
National Marketing Fee: 2% of gross revenue
Total Investment Range: $610,297 - $1,547,075
Term: 10 years
**Numbers according to their FDD released on April 28, 2023
Amazing Retention Rate - Over the last 3 years there have been 0 terminations, 0 non-renewals, and 0 ceased operations! That’s incredible retention seeing that they have over 150 stores.
Demand - Americans annually spend $250 billion on tires and auto services. More specifically, the value of replacement tire sales alone is approximately $38 billion annually.
Service any Customer - Most tire stores require credit or cash day of. RNR has a pricing model that appeals to middle-income consumers who are affluent enough to own a car, but may not have the credit or cash available to purchase. Over 85% of their customers choose the lease to purchase option. RNR also has all the top selling brands people trust, so they can still service the customer who can pay day of.
Scalable - Obviously this franchise is not in the budget of the majority of potential owners. However, for those that do have access to a lot of capital, you’ll have the option to open multiple stores. A lot of prime territories are still available and over 80% of the current franchisees own multiple units and are continuing to expand.
High Barriers to Entry - It is very difficult for new chains to enter this market. Customers want name-brand products and want them installed professionally. For that reason and the fact that old tires must be responsibly discarded, this prohibits online retailers like Amazon from establishing a presence. Not to mention the total investment needed to get started.
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