Rent-to-own News - Rent-n-Roll catapults in Franchise 500 ranking

In a prestigious listing of "who's who" in franchising, RNR Custom Wheels & Performance Tires (formerly Rent-n-Roll) recently gained ground in Entrepreneur magazine's 2008 Top Franchise 500.

This year the company, which began franchising in 2003, ranked number 252 versus 426 in 2007.
 

RNR Staff at the recent franchisee conference in Orlando, Florida. (Click here to watch the video.)

The Tampa, Florida-based RNR recently opened its 68th store and has more in the works, according to Vince Ficarrotta, vice president of franchising at RNR. The recent leap in rankings speaks to the quality of franchisees as well as a sound business plan, he says.

"The gain in ranking is based on our business model proving itself," Ficarrotta says. "We're doing the right things. We are a constantly evolving dynamic organization."

Ficarrotta estimates another dozen RNR franchises will open before the close of 2008.

The magazine ranks companies based on unit growth, financial stability and other factors, though a full criteria was not available at press time.

RNR also gained as an Entrepreneur Magazine 2008 New Franchise, ranking number 14 compared to number 41 in 2007.

Aaron's Sales and Lease Ownership, which as of March 31, 2008 boasts 483 franchise stores in the U.S. and Canada, was the only other rent-to-own franchise to make Entrepreneur's Franchise 500 list.

Aaron's ranked number 58 this year. The company's Entrepreneur Franchise 500 rankings for prior years are as follows:  #49 (2007); #55 (2006); #52 (2005); #65 (2004).

Click here to watch APRO's exclusive video from the January 2008 Rent-n-Roll franchisee conference in Orlando, Florida.

Click here to view APRO's exclusive photo gallery of the event.

For more information on franchise opportunities with Rent-n-Roll, contact RNR Vice President of Franchising Vince Ficarrotta by phone at  813/977-9800 ext. 13, by email or visit the company’s website at www.rnrwheels.com.

mevans@rtohq.org