Rent-to-Own

SPF MGT CO, LLC, dba RENT-n-ROLL Custom Wheels And Tires / RNR Custom Wheels & Tires
Vincent Ficarrotta (vince@rnrwheels.com)

14620 N Nebraska Ave., Ste B

Tampa, FL 33613-1420

877/736-8676, ext. 13;

fax 813/978-0584

www.rnrwheels.com

 

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

 

Company-owned stores: 9

 

Franchise-owned stores: 62 open and more already in the pipeline

 

Expansion plans: Always looking to award new territories to qualified candidates. Some great markets are still available.

 

Type of franchise owner they’re looking for: Larry Sutton, the founder of Rent-n-Roll Custom Wheels and Tires, is proud that the “cream of the crop” of RTO experienced people have signed on and encourages others from the industry to do the same. He’s been actively pursuing top performers in the traditional franchise world—those interested in developing markets and those who are “single store guys.” 

 

Why they’re different: “We didn’t invent the business obviously, but we kind of originated the franchise part of it,” says Sutton. “We beta site test everything in our own stores before we roll it out to franchisees. We’re very into the business—by owning the business ourselves, we try a lot of innovative things and the things that work, we bring to the franchises. The things that don’t, we don’t.” He also cites his team’s history in RTO and that they are always working “tirelessly to improve our services. Our marketing department is creative—always coming up with new ideas—and we listen to our franchisees and focus on doing more of what they want.”

 

What they’ll do for you: Everything you’d hope they would do. “Franchisees can focus on their business and not have to worry about vendor and business relationships,” says Sutton. “We’ve already established those on their behalf. We also have a media buying service. We can take of planning and promoting their business, so they can focus on renting and selling, and we can take care of the rest.”

 

License master franchise rights: Yes-International

 

Selling primary multiple store location agreements: Yes

 

Selling franchise agreements for just one store: Yes

 

Active franchisee advisory board: Yes. We have an Executive Advisory Board consisting of 7 members serving staggered 2 year terms. The EAB also has decision making authority over the National Advertising Fund. 

 

Net worth of candidate: $250,000

 

Franchise fees: $25,000 then tiered reduction based on store count.

 

Royalties: 4 percent

 

Advertising co-op: .25 percent