Who is RNR Tire Express?
RNR Tire Express is a leading retailer and installer of quality tires, custom wheels, and related services. With 20+ years of experience and nearly 200 locations across the country, RNR Tire Express has the proof of concept, profitability, scalability, sustainability, and barriers to entry smart franchise investors look for, yet RNR Tire Express still has many prime markets available for multi-unit development.
Utilizing unique lease-purchase payment options, we cater to a vast market of customers who don’t have the credit or cash to pay for replacement tires and custom wheels. Among the 118,825,921 households in the U.S., 25% are unbanked or underbanked. An unexpected expense of $400 can force as many as a third of U.S. adults into a difficult financial situation. Since over 85% of our customers choose the lease-purchase option, RNR Tire Express does not compete with other tire retailers or discount chains who do not offer customers the same option.
Our unique lease-purchase payment model directly serves a traditionally 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 and wheels outright.
With nearly 200 locations, we rank among the largest retail tire chains in the United States. Additionally, in 2021 and 2022 we were ranked #1 in the Tire & Wheel Category by Entrepreneur.
RNR Tire Express has 10 key attributes which make us unique, profitable, sustainable, and scalable as a franchise investment opportunity.
1. Strong unit-level economics.
Franchisees benefit from a combination of high volumes and high margins, leading to high profits.
High volumes. RNR Tire Express is a high-volume business with average sales of $1.85M* (see Item 19 in FDD for more details).
High margins. Tires and wheels is a high-margin business with cost of goods sold an average of 35%*. In comparison, many other retail stores operate with a cost of goods sold of 50%.
High profit. The average store had an operating income of 14.6% of sales. (In comparison, according to Macrotrends, the average QSR barely earns 10%)
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Franchise Since
2003
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# of employees at HQ
28
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Where seeking
Most US States and Canada
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# of Units
200
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Investment Range
$610,297 - $1,547,075
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Net Worth Requirement
2000000minimum
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Cash Requirement
500000-1000000
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Royalty Fee
5%
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Ad Royalty Fee
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Term of Agreement
10 years
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is franchise term renewable?
Yes
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Veteran discounts
Yes. $15000 off Franchise Fee
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Industry: Automotive |
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Investment Range: $610,297 - $1,547,075 |
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Available Locations: AL, AK, AZ, AR, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY |
