After opening one new location every month for the past 30 months, RNR Tire Express (RNR) announced today the opening of its 100th location in Sarasota, Florida. Responding to consumer’s demands for a flexible pay-as-you-go model, the announcement signifies a new company milestone for the fast-growing quality tires and custom wheels concept.
Founded in 2000, RNR has experienced significant organic growth with just 20 franchisees operating 100 locations. Capitalizing on the brand’s unique niche directed toward a growing and underserved market, RNR offers a business model that allows customers to pay off name brand tires and wheels on a weekly or monthly plan that fits each customer’s budget.
“This is a really exciting time in our brand’s history, as we are entering new markets and opening stores at a record pace,” said RNR Tire Express Founder and President Larry Sutton. “RNR continues to succeed and grow as people seek more affordable options when it comes to quality tires and wheels; due to the demand for our pay-as-you-go model we plan to add an additional 16 stores to our roster before the end of the year.”
To celebrate the 100th opening and to thank customers for their support throughout the Southeast, RNR will host a grand opening celebration in Sarasota slated for November 18th.
Fueled by passion, with over 45 years’ of rent-to-own experience and extensive knowledge of the tire and custom wheel industry, RNR looks to continue its expansion across the county. With a corporate culture that allows franchisees to have a high degree of entrepreneurial freedom and a proven record of same-store revenue growth of 20 percent for three consecutive years, the brand is seeking additional qualified multi-unit franchisees in New York, Pennsylvania, West Virginia, Utah, Oregon and Idaho, among other states.