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RNR Custom Wheels & Tire Express

2014 Franchise 500
#322
At a Glance

Products & Services: Lease-to-own and retail wheels and tires

Number of Locations: 70

Total Investment: $298.8K - $573.5K

Founded: 1999

Began Franchising: 2003

About RNR Custom Wheels & Tire Express

RNR stores sell custom wheels and tires, with a rent-to-own option (called Rent-N-Roll) that allows customers to make weekly, bi-weekly or monthly payments. Based in Tampa, Florida, the company began franchising in 2003.

Franchise Units

Year U.S. Canadian International Company Owned
2014 60 0 0 10
2013 56 0 0 10
2012 50 0 0 8
2011 49 0 0 8
2010 57 0 0 8
Where Seeking Franchisees: Franchisor is seeking new franchise units in the U.S.,Australia/New Zealand, Canada, Mexico, Western Europe.
Direct Capital

Startup Costs, Ongoing Fees and Financing

Total Investment: $298,795 - $573,475
Franchise Fee: $35,000
Ongoing Royalty Fee: 4%
Term of Franchise Agreement: 10 years, renewable
Veteran Incentives: $5,000 off franchise fee
Financial Requirements
Net Worth: $350,000
Liquid Cash Available: $200,000
Operations
73% of all franchisees own more than one unit. Number of employees needed to run franchised unit: 6. Absentee ownership of franchise is allowed. (80% of current franchisees are owner/operators).
Direct Capital
Financing Type In-House Third Party
Franchise Fee
Startup Costs
Equipment
Inventory
Accounts Receivable
Payroll

How This Franchise Supports Franchisees

Training: Available at headquarters: 2 weeks. At franchisee's location: 2 weeks.
Ongoing Support: Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations, Purchasing cooperatives, Lease Negotiation
Marketing Support: Co-op advertising, Ad slicks, Regional advertising,

Franchise Ranking History

Franchise 500®: #322 (2014), #495 (2013), #456 (2011), #255 (2010),
America's Top Global: #190 (2010),

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