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. 

History

  • 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.

Numbers

  • 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

Benefits for the Franchisee

  • 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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