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RNR Tire Express

Americans annually spend $250 billion on tires and auto services, and the value of replacement tire sales alone is approximately $38 billion. RNR Tire Express & Custom Wheels is ranked the #1 category leader for Tires & Wheels in Entrepreneur® magazine's 2016 Franchise 500®.

 

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RNR Tire Express Franchise Cost and Requirements for 2024

Background

RNR is in the "Rent-To-Own" Industry. Your client would be someone who was looking at a business and needs a fairly high return on investment. RNR does sell retail -- however the business model is based on serving the credit challenged market and providing customers with payment options.

There are currently 14 franchisees in the system who own the rights to over 130 locations with 80+ opened.

Company Details

BACKGROUND
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

Support and Training Offered By RNR Tire Express

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 

2024 Franchise Requirements Needed to Own a RNR Tire Express Franchise.

What does a RNR Tire Express Franchise Cost?

RNR Tire Express franchise fees for 2024:

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. 

Is RNR Tire Express a Semi Absentee Franchise with a Passive Ownership Opportunity?

No. RNR Tire Express is not a semi absentee franchise. The owner of the franchise (the franchisee) is expected to be involved in all aspects of day-to-day operations.

Is RNR Tire Express a Home Based franchise?

No. RNR Tire Express is not a home based franchise opportunity.

What Do RNR Tire Express Franchise Owners Make?

Click here to find out how much RNR Tire Express franchisees make. RNR Tire Express offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is RNR Tire Express a Master Franchise Opportunity?

No. RNR Tire Express is not a master franchise opportunity.

Does RNR Tire Express Offer a Veteran Discount?

Yes. RNR Tire Express franchise does offer a veteran discount.

Does RNR Tire Express Work with E2 Visa and EB-5 Visa Candidates?

Yes. RNR Tire Express franchise does work with E2 Visa and EB-5 Visa candidates.

Is RNR Tire Express Looking for Franchisees in Canada?

Yes. RNR Tire Express franchise is looking for Canada franchisees.

Is RNR Tire Express Looking for International franchisees?

No. RNR Tire Express franchise is not looking for International franchisees.

Where can I see RNR Tire Express's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Automotive, Retail, Non Food Franchises

Number of Units Open

100+ UNITS

Cash Required

More than $250,000

Master Franchise

No

Passive Franchise

No

Home Based Franchise

No

Item 19 Franchise

Yes

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

Yes

International Franchise Opportunities

No

E2 Visa Franchise

Yes

RNR Tire Express Franchises for Sale

Click Here to inquire about existing RNR Tire Express franchises for sale. We may have RNR Tire Express franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

Franchises Similar to RNR Tire Express

Honest-1 Auto Care, Meineke, BumperDoc, Cottman Transmission and Total Auto Care, Drive N Style, Alloy Wheel Repair Specialists, Tint World, LEAKPRO, ALSET Auto, Christian Brothers Automotive, Jiffy Lube, Colors On Parade, Valvoline Instant Oil Change, Ziebart International Corporation, CARSTAR, Take 5 Oil Change, Spiffy, Ziebart International

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.

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