RNR Tire Express Comes in First on Entrepreneur’s Franchise 500 List
Following the close of a record-breaking year including its 100th store opening, RNR Tire Express, a leader in rent-to-own custom wheels, recently was named to Entrepreneur’s Franchise 500 list. Recognized for outstanding performance in unit growth, financial strength and stability, RNR ranked first in the wheel and tire category and 202 overall, entering the year primed for further brand power.
For the first time in 25 years, more than 1,000 companies applied to be a part of the annual ranking making it one of the most competitive standings Entrepreneur has ever seen. Known as the world’s first and primary research measure of comprehensive franchise ranking, the Franchise 500® is a highly sought-after honor in the industry. The concepts that rose to the top reveal the top franchise opportunities backed by proven systems and results.
“We are truly honored to be ranked in the Franchise 500, and to top our category further validates the successful evolution of our brand and established franchise model,” states RNR Tire Express Founder Larry Sutton. “RNR has made tremendous strides as a company by working closely with our franchise partners to influence important brand decisions, leading to our significant growth over the past fifteen years.”
The growing demand for flexible pay-as-you-go concepts has been seen through RNR’s impressive 26 percent YTD increase for same-store installations, defined by the brand’s 44 percent increase in store openings. As a leading provider of rent-to-own tires and custom wheels, the franchise seeks qualified multi-unit franchisees to fuel continuous growth with projections to open 35 new stores in 2018, on pace to reach its 300-unit milestone by 2024.
Alongside its recognition as a top franchise opportunity, the brand was ranked 29 on Franchise Gator’s annual list of the Top 100 Fastest Growing franchise concepts. Founded in 2000, RNR has since grown to more than 110 locations in 21 states. The brand has experienced significant organic growth with just 24 franchisees operating across the nation.
For more information about RNR and its franchise opportunities, visit www.rnrfranchise.com.