Rent-to-own franchises - Discover Rims to Rent

Discover Rims To Rent Inc.

Doug McDougal (doug@williamtellinc.com)

136 E. South Temple, Ste. 1500

Salt Lake City, UT 84111-1138

866/629-7467 or 801/532-5108

www.discoverrimsfranchise.com

Type of rent-to-own business: Rims and tires

Company-owned stores: 2

Franchise-owned stores: 6, although stores 7 and 8 will be opening soon

Expansion plans: “Our company philosophy is to grow the program as quickly as we can and not lose focus and sight of the most important thing, which is to ensure the profitability of the franchisee,” says Tyner Reeves, national operations director.

Type of franchise owner they’re looking for: Failing amazing wealth and years of RTO and franchising experience, you at least need to bring one of the above to the table.

Why they’re different: They’re especially pleased with the company’s automotive training.

What they’ll do for you: Among other things, they work closely with some major vendors, like American Tire Distributors, which has about 80 warehouses nationwide. “Our franchise owners can have product delivered twice a day to the store, if they want,” says Reeves. Reeves also stresses that there are no hidden charges and no profit taking when the franchise owners buy through their distributors. “Our goal is to make the franchisee as successful as possible,” he says.

License master franchise rights: Yes

Selling primary multiple store location agreements: Yes

Selling franchise agreements for just one store: Yes

Active franchisee advisory board: Not yet, but down the road

Net worth of candidate: $300,000 - $500,000

Franchise fees: $35,000

Royalties: 5 percent

Advertising co-op: 1 percent. As the franchise matures, that may go up.