“We are on track to have between 95 and 100 stores opened at the end of 2016,” RNR Vice President Vince Ficarrotta said. “We have had enormous interest from investors who want to get into the business, and I would suspect that we continue to grow at significant rate over the next five years.”
Mr. Strunk, who owns a dozen stores throughout the Southeast, has agreed to add 58 locations, RNR said. Mr. David plans to add five locations in Indiana to the two already open there.
The Rose Family plans to open a dozen stores in Virginia to the seven operating there now, according to RNR.
Messrs. Sutton and Ficarrotta did not mention another growth area, Kansas, where a business partnership involving rent-to-own industry veteran Tim Daniel and existing RNR franchise partner Geron Vail reportedly is planning to open 13 stores in the Jayhawk state. A store in Wichita, Kan., opened earlier this year.
RNR Tire Express & Custom Wheels offers retail, lease-to-own and other payment options to tire and/or wheel buyers who need to keep their cash or desire to customize their vehicle.
“In today's economy, purchasing a new set of tires has become prohibitive for many consumers,” Mr. Sutton said, “and RNR provides options that make the transaction affordable.”
There are RNR Tire Express locations in 22 states.
According to RNR, the average revenue generated by the top 20 grossing RNR stores last year was $1.8 million, with an operating income of $448,651. More information is available at myrnrfranchise.com