Before You Invest in a Restaurant, Look at RNR Tire Express
Before you Invest in a QSR Restaurant, look at an RNR Tire Express Franchise
Investors historically like QSR and food service franchises because they say, “No matter what, people have to eat.” This gives investors the long-term sustainability, scalability, and replicability they look for in an investment. However, the food service is business is getting hammered, and it is harder to make money than ever before. Food costs are increasing. Labor is tight. It’s getting increasingly more difficult to pass the cost increases off to the customer by taking a higher price. Investors who previously may have invested in food are now turning to companies like RNR Tire Express for the same opportunity and fewer risks than most franchise restaurant chains.
Why Use RNR Tire Express Franchise to invest in a Restaurant?
Just as people need to eat, tires and wheels need to be replaced.
The future of the automotive aftermarket and tire and wheel retail industry is bright. In the United States, there is an estimated 289.5 million registered cars with an average age of 12.1 years. This is the oldest and largest fleet of automobiles than any other time in U.S. history. And according to CNBC, the average price paid for a new car is about $40,800, a 4.9% increase from a year ago. The cost of a used car has increased by more than 21% to about $25,400 from $20,900 a year ago.
This means the average American cannot afford to buy cars as often as before. They are making investments in services and repairs rather than trading in and incurring higher than normal new and used car costs. RNR Tire Express franchisees stand to benefit in both the short and long haul from this trend.
According to the US Department of Transportation, approximately 13,000 miles are driven by Americans every year. replacing most tires every 3-5 years. Because old tires must be safely disposed of and new tires must be installed and balanced, online retailers such as Amazon will have a difficult time entering this market.
At RNR Tire Express, we understand the value of high barriers to entry and defensible competitive advantage to smart investors. RNR Tire Express has the experience, training, and support, marketing expertise investors with no previous automobile industry experience need to create a scalable business.
Here is a snapshot of how a RNR Tire Express franchise compares to a QSR franchise.
Because RNR Tire Express is willing to train and support new investors into this lucrative business and prime territories are still available, investors have the opportunity to scale large, multi-location retail businesses. More than 80% of RNR Tire Express franchisees have multiple locations. Few had previous auto experience prior to joining.
If you are an active investor looking for an absentee, or semi-absentee, profitable, and scalable opportunity, click here to learn more.