This is one of the most enjoyable interviews I have been a part of.
Larry Sutton started out with a traditional rent to own business. Once he sold it he took an early retirement to play golf all the time. After a year, Larry got bored. What he was missing was the interaction with people and watching them grow and grow himself.
He kind of fell into the franchising business. Serving has always been at the heart of everything he does. Currently, RNR Tire Express is experiencing organic growth with 24 franchisees operating over 110 locations. Each store averages about $1.6 million in sales annually, with the top 20 hitting nearly $2 million. The brand has grown to $130M since beginning the franchise in 2003.
- The balance between who you need to be and being open to new ideas
- The importance of allowing the creation of a beta site for new ideas
- How to make employees feel like they are working with you and not just for you
- The best ideas come from the field and not the boardroom
- To hold people accountable by asking them to bring 3 solutions along with any problem
- Mistakes are some of the most valuable experiences in life
- The magic of jointly creating a “stretch” bonus
About RNR Tire Express
Founded in 2000, RNR has grown to more than 100 locations in 21 states, including seven owned by Mr. Sutton. The brand was listed recently by Entrepreneur Magazine as No. 1 in the wheels and tires category in the publications’ 2018 Franchise 500 list.
RNR Tire Express & Custom Wheels is a national franchise retailer of quality tires and custom wheels offered with convenient, no credit hassle payment plans designed to fit each client’s unique budgets. Established in 2000 by rent-to-own veteran, Larry Sutton, RNR has grown to over 100 locations in 21 states. For the third year in a row, the brand was listed as the No. 1 in the category for wheels and tires in Entrepreneur Magazine’s 2018 Franchise 500 list and also took home the No. 202 spot on the annual ranking. For the third time, RNR ranked on the Inc. 5000 list, a prestigious ranking of America’s fastest-growing private companies. The brand owns two spots on Tire Business’ 2017 Annual Report coming in at No. 15 for total revenue and No. 18 for total locations. RNR Tire Express & Custom Wheels is seeking qualified multi-unit franchisees to expand even further nationally with prime markets available throughout the country. For more information about RNR, or to inquire about franchise opportunities, visit RNRfranchise.com.