November 08, 2016 // Franchising.com // Tampa Bay, FL – RNR Tire Express & Custom Wheels (RNR), the fastest-growing tire and custom wheel franchise in the nation, has signed a franchise deal to bring 58 new locations to parts of the Southeast region within the next 10 years. The agreement is the latest in a string of deals from existing RNR franchisees who are reinvesting in the fast-growing brand due to strong consumer demand of RNR’s unmatched pay-as-you-go tire and wheel business model.
RNR Tire Express & Custom Wheels has carved out a unique niche in the tire and wheel industry. With its convenient, no hassle payment plans that fit each client’s budget, RNR offers and professionally installs high quality tires and custom wheels to a growing underserved market. RNR has established a business model that allows clients to pay off name brand tires and wheels on a weekly or monthly plan that is affordable to them.
“RNR was founded on the principle that people should be able to afford the tires they need and the wheels they want,” said Larry Sutton, founder and president of RNR Tire Express & Custom Wheels. “In addition to our unique business model, our best-in-class service and follow up maintenance has truly propelled RNR to become the go-to dealer for affordable quality tires and custom wheels. At RNR, we’ve established a new way to buy tires.”
The unique pay-as-you-go or lease purchase business model is not just attractive to consumers – franchisees of RNR have witnessed the demand of the service and are reinvesting in the brand to open more locations throughout the nation. Husband and wife team Shannon and Cynthia Strunk of Gulf Coast L&P currently operate 12 RNR shops throughout Alabama, Mississippi, Louisiana, Tennessee and the Florida panhandle and recently signed a new agreement to develop 58 additional locations throughout those same states by 2026. The entrepreneurial couple is experienced in business ownership, also owning 50 Baber’s locations, a rent-to-own furniture, electronics and appliances retailer.
“RNR has evolved over the years and has quickly developed into the go-to tire and wheel retailer it is today,” said Shannon Strunk. “As a result of the increased demand for RNR’s products and services coupled with the success of our current 12 locations, it was a no brainer for us to decide to open as many stores as we could in the Southeast.”
Other recent newly signed franchise agreements with existing RNR franchisees include a 14-unit deal in Virginia and a four-unit deal that will expand the brand’s presence in Indiana and Kentucky.
Founded in 2000 by rent-to-own veteran Larry Sutton, RNR has since grown to almost 100 locations in 22 states. The brand has experienced significant organic growth with 16 franchisees operating 86 locations, and over the past 15 months, RNR has opened a new store every month. The brand looks to continue its expansion across the county and is seeking additional qualified multi-unit franchisees in New York, Arizona, Colorado and West Virginia, among other states. With a corporate culture that allows franchisees to have a high degree of entrepreneurial freedom and a proven record of same-store revenue growth for three consecutive years, RNR offers numerous benefits for prospective franchisees. The initial franchise fee for RNR is $35,000 with the total single-unit investment ranging from $400,000 - $600,000.
For more information about RNR and its franchise opportunities, visit www.rnrfranchise.com
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 almost 100 locations in 22 states. The brand recently ranked as the No. 1 category leader for tires & wheels in Entrepreneur Magazine’s 2016 Franchise 500 list and took home two spots on Tire Business’ 2015 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 www.rnrfranchise.com.
SOURCE RNR Tire Express & Custom Wheels
Fishman Public Relations