- Who is RNR Tire Express
With over 150 locations in more than 25 states, RNR Tire Express ranks among the largest retail tire stores in the United States. RNR Tire Express is a proven recession-resistant business model that has become the go-to place for quality tires and custom wheels, offering unique lease-purchase payment options to reach a large, underserved consumer segment who own cars, but may not have access to traditional credit.
- What makes RNR Tire Express unique?
We offer customers a unique lease-purchase financing model that allows RNR Tire Express franchisees to make money on the sale of the tires, custom wheels and related services as well as extended lease payments. Our pricing model appeals to an underserved consumer niche of middle-income blue-collar or early-career, white-collar Americans, who are affluent enough to own a car, but may not have the credit or cash available to purchase tires. Over 85% of our customers choose this option, giving us a unique niche within the $41-Billion tire industry.
- What are the startup costs?
The typical franchisee invests $500K-$1M, according to our Franchise Disclosure Document (FDD). See a full breakdown of your initial startup costs in the item 7 of our latest FDD, which you can request by filling out the form below. Financing is available.
- How much money can I make?
In 2020 the average location generated $1.75M* in sales and showed an operating income of $291K*, a 16.7% net profit*. More than 80% of RNR Tire Express franchisees own multiple locations and plan on opening more. We do make financial performance representations in Item 19 of our Franchise Disclosure Document (FDD). You can fill out the contact form to learn how our franchisees are performing.
- Do I need automotive experience?
Not at all. We’d rather teach you our rent-to-own and automotive model. As part of your RNR UNIVERSITY training, you’ll spend valuable time in one of our company-owned stores.
- Does RNR offer a multi-unit franchise opportunity?
Absolutely! We know owners want the flexibility to open multiple locations. We encourage it. When you download your FRANCHISE KIT, we’ll devote time in our initial conversation to multi-unit franchising. We look forward to having that discussion with you.
- What is the initial franchise fee and ongoing royalty fee?
The initial franchisee fee is $45,000. That includes your protected territory, all your training and initial support. Ongoing royalties are 5% of gross revenues. Currently there is no national advertising fee; however, we ask that you spend a minimum of 4% of your gross revenues on local advertising.
- How do I find a location?
We have significant data on the demographic characteristics of our customers. We know how far they travel, their median household income, ethnic makeup, and we understand the general location requirements that give you the best opportunity for success. RNR Tire Express will help you with zoning and permitting. Our team will evaluate locations for viability as you provide them to us.
- What brands will I carry?
We carry the top-selling tire brands people trust, including Michelin, Goodyear, Bridgestone, and Pirelli, along with BF Goodrich, Firestone, Cooper, and many more.
- How long does it take to open?
Your first location will generally open within 6-12 months of signing your agreement. If your site has already been identified and approved, the time to open can be reduced considerably.
- How does RNR help franchisees with marketing?
We’re on the cutting edge of social media programs and marketing and committed to support you in growing your franchise business. We’ll cover these essential marketing and customer relationship management tools at length during Discovery Day and your training.
RNR will help with your soft opening and grand opening by creating a customized marketing plan specific to your location, and we will provide all creative collateral for your advertising buys.
- What are the available territories?
RNR Tire Express franchisees opened over 50 franchise locations in the last several years and plan on opening more. Prime development territories exist. Please fill out the contact form and a RNR franchisee recruitment specialist will help you determine if your desired territory is available.
- What are the next steps?
Fill out the form below to download FRANCHISE INFORMATION and then set up a no-obligation call with a RNR franchisee recruitment specialist.