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Description

How To Open an RNR Tire Express Franchise?

To start your journey as an RNR Tire Express franchisee, you will first need to complete the franchise application process. This typically involves submitting a detailed application and undergoing a review process that may include interviews and site visits. Once approved, you will sign a Franchise Agreement and pay the initial franchise fee of $45,000 for your first store. Additionally, you may need to pay a location study and demographic analysis fee of $500. After that, you will receive training and support from the franchisor to help you set up your store and begin operations.

What Are the Costs Involved in an RNR Tire Express Franchise?

The total investment to open a new RNR Tire Express store ranges from $703,561 to $1,687,275. This includes the initial franchise fee, equipment, inventory, and other startup costs. If you are interested in opening multiple units, the costs increase, with a minimum total investment of $784,061 for three units. The franchise also requires ongoing fees, such as royalties and contributions to an advertising fund, which are important to factor into your financial planning.

Why Choose an RNR Tire Express Franchise?

RNR Tire Express specializes in selling and renting tires, wheels, and automotive accessories, catering to a growing market of consumers seeking flexible tire solutions. The franchise offers a comprehensive support system, including marketing assistance, training, and operational guidance. If you're passionate about the automotive industry and looking for a franchise with a strong brand presence and potential for growth, RNR Tire Express may be a compelling choice.

Is an RNR Tire Express Franchise Right for You?

The RNR Tire Express franchise appeals to individuals who have a strong interest in the automotive sector and retail management. Success in this franchise requires a commitment to customer service and operational excellence. The franchise is designed for those who are willing to adhere to RNR's operational standards and are prepared for the competitive nature of the tire rental and retail market. Assess your readiness by considering your financial capabilities, commitment to the business, and ability to engage with customers effectively.

RNR Tire Express Franchise Financial Requirements

Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.

A broad sector defining similar types of franchise businesses.

Industry

Automotive Franchises
A more specific division within the broader industry.

Category

Auto Parts
Available financing options to help start the franchise.

Funding Year

2001
The main organization that owns the franchise brand.

Parent Company

SPF Mgt. Co. LLC
The key individuals guiding the franchise’s strategy and growth.

Leadership

Larry Sutton
The official business address of the franchisor’s headquarters.

Corporate Address

13922 Monroes Business Park, Tampa, Florida 33635
The total amount required to launch the franchise.

Initial Investment

$703,561 - $1,687,275
The initial fee paid to join the franchise system.

Franchise Fee

$45,000
Ongoing percentage of revenue paid to the franchisor.

Royalty Fee

5%
Regular contribution toward the franchise’s advertising fund.

Marketing Fee

5%
The minimum liquid capital you must have on hand.

Cash Required

$703,561 - $1,687,275
The minimum total assets (minus liabilities) you must possess.

Net Worth Required

$500,000 - $1,000,000
The typical yearly revenue generated per franchise location.

Average Revenue

$1,816,346
The middle value of yearly revenue among franchise locations.

Median Revenue

$1,858,965
The smallest reported annual revenue among franchisees.

Lowest Revenue

$558,970
The largest reported annual revenue among franchisees.

Highest Revenue

$4,790,394
The estimated timeframe to recover your initial costs.

Breakeven Time

12 Months
The estimated period to recoup your total investment.

Investment Payback

25 Months

RNR Tire Express Franchise Unit Growth Summary

A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.

The overall number of operating franchise locations.

Total Units

179
The number of locations owned by independent franchisees.

Franchised Units

155
The number of locations owned and run by the franchisor.

Corporate Units

24
Units 2021 2022 2023
Total Units 145 162 179
Net Change YoY 17 17
Franchised Units 122 139 155
Net Change YoY 17 16
Corporate Units 23 23 24
Net Change YoY 0 1

Company Background

RNR Tire Express is a leading tire and wheel rental franchise that has been providing quality products and services since its inception in 2000. With a focus on customer satisfaction, RNR Tire Express offers a wide range of tires and wheels for various vehicles, including cars, trucks, and SUVs. The franchise operates over 150 locations across the United States, combining tire sales with a unique rental option that makes it accessible for customers to get high-quality products without the hefty upfront costs.

Franchise Opportunity

Investing in an RNR Tire Express franchise presents a lucrative opportunity for entrepreneurs looking to enter the automotive industry. With an established brand reputation and a growing customer base, franchisees benefit from a comprehensive support system, including training, marketing, and operational assistance. The franchise model is designed to help new business owners get started quickly and effectively, making it an attractive option for those eager to build their own automotive service business.

Corporate Structure

RNR Tire Express is operated by RNR Franchise Corporation, which was established to support franchise growth and development. The company’s headquarters is located in Tampa, Florida, and it has been instrumental in creating a franchise system that emphasizes operational excellence and customer service. As a franchisee, you will have access to a well-defined operational framework that guides you in running your business and ensuring compliance with brand standards.

Royalties

Franchisees of RNR Tire Express are required to pay a royalty fee of 6% of gross sales. In addition, there is a marketing contribution of 2% of gross sales, which is allocated towards national and local advertising efforts. These fees are essential for maintaining the brand’s visibility in the competitive tire and wheel market and for supporting franchisee success through effective marketing initiatives.

Company Mission

The mission of RNR Tire Express is to provide customers with high-quality tires and wheels while delivering exceptional service and value. The franchise is dedicated to making tire and wheel ownership accessible through flexible payment options and innovative rental programs. By focusing on customer experience, RNR aims to foster long-lasting relationships with clients and position itself as a trusted provider in the automotive sector.

Brand Story

RNR Tire Express was founded by Larry and Lisa Dorkin, who recognized a gap in the market for affordable tire and wheel solutions. Since opening its first location in 2000, RNR has grown rapidly, driven by its commitment to customer service and innovative rental offerings. The brand has consistently expanded its presence, combining quality products with flexible payment plans that cater to a diverse customer base. Today, RNR Tire Express stands as a leading figure in the tire and wheel industry, known for its dedication to quality and accessibility.

Frequently Asked Questions

The total investment necessary to begin operation of a new RNR Tire Express Store ranges from $703,561 to $1,687,275, which includes an initial franchise fee of $45,500.