RNR Tire Express Rounds Out 20th Anniversary Year on Top; As a Result of Impressive Growth and Strong Sales, RNR Recognized as #1 Tire & Wheel Franchise

Franchised Tire Retailer Earns Spots on Entrepreneur's Franchise 500, Inc. 5000 and Franchise Times Top 200+ Lists

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Jan 25, 2021, 14:15 ET

TAMPA, Fla., Jan. 25, 2021 /PRNewswire/ -- RNR Tire Express (RNR), the nation's largest custom tire and custom wheel franchise, earned spots on leading industry rankings following record performance. Last year, systemwide sales were up 12.1%, putting RNR to $211 Million. Now, RNR has rounded out its 20^th anniversary year and kicked off 2021 by being recognized for this outstanding performance and staking its claim as the leading rent-to-own tire retailer in the franchise space.

This week, RNR was recognized for outstanding performance in brand strength, financial strength, unit growth, corporate support and more – earning the #175 spot on Entrepreneur Magazine's Franchise 500. Jumping up 90 spots since last year's ranking, this year the brand has also earned recognition as the #1 franchise in its category –Tires & Wheels. The Franchise 500 is the world's first, best and most comprehensive franchise ranking and RNR has earned a spot for the last nine consecutive years.

On top of this, RNR was also recognized on the Inc. 5000 ranking this year, coming in at #3953 – with an impressive growth rate of 89.1% over the past three years. The national award is hosted by Inc. Magazine and recognizes the fastest-growing privately-held companies in the United States. RNR was also ranked by Inc. among Florida's top companies – named #310 in Florida, and #79 in Tampa. The brand was also recognized in the franchise industry, named among the nation's leading franchise brands on Franchise Times's Top 200+ awards. RNR ranked #252 based on its global system-wide sales for 2019, establishing itself as the leading rent-to-own tire dealer.

"This year has certainly presented its share of unique challenges, but I am so grateful for the dedication and support of our franchisees and team members systemwide for their ongoing commitment to helping RNR become the best tire and wheel franchise by providing quality tires and custom wheels with affordable payment options in the safest environment for our staff and customers," said Larry Sutton, President of RNR Tire Express. "As we forge ahead with new store openings and continued record-growth, we are humbled and honored for our brand to be recognized for strong performance in our 20^th anniversary year."

These rankings come after a year of record-growth and sales. The brand has opened 12 new stores in markets across the country. To add to this RNR has also signed development agreements with experienced entrepreneur groups to open more than 47 new stores across the nation – in markets like Ohio, Indiana, Kentucky, Colorado, Arkansas, Arizona and New York – bringing the brand to a total of 421 stores under contract.

RNR Tire Express is actively seeking both single-unit and multi-unit franchise owners with room for growth in markets across the United States, including Hawaii and Puerto Rico. With a corporate culture that allows franchise partners to have a high degree of entrepreneurial freedom and a consistent record of year-over-year same-store revenue growth for eight consecutive years, RNR's proven model is a rewarding franchise investment. The initial franchise fee for RNR is $35,000 with the total single-unit investment ranging from $500,000 - $1,000,000.

For more information on RNR Tire Express or its franchise opportunity, please visit www.RNRfranchise.com.

About RNR Tire Express:
RNR Tire Express is a national franchise retailer of quality tires and custom wheels offered with convenient, no credit hassle payment plans designed to fit each customer's unique budgets. Established in 2000 by rent-to-own veteran, Larry Sutton, RNR has grown to 144 locations in 26 states. Earlier this year, the brand was ranked in Franchise Times' Top 200+ list, and was also recognized by Inc. magazine as one of America's fastest-growing private companies. Most recently, RNR was ranked No. 175 in Entrepreneur Magazine's 2021 Franchise 500 ranking. RNR Tire Express is seeking qualified multi-unit franchisees to expand even further nationally with prime markets available throughout the country. For more information regarding the RNR franchise opportunity, please visit www.RNRfranchise.com.

Media Contact: Marissa Pasillas, Fishman Public Relations, [email protected]

SOURCE RNR Tire Express