TAMPA, FL. (JANUARY 23, 2023) – RNR Tire Express, the nation’s leading tire and wheel retail franchise, was recognized as one of the top 500 franchises in Entrepreneur’s Franchise 500®, the world’s first, best, and most comprehensive franchise ranking. The 44th annual Entrepreneur Franchise 500® is a highly sought-after honor in the franchise industry. Recognized as an invaluable resource for potential franchisees, the 2023 Franchise 500® ranks RNR at 170 for its outstanding performance in areas including unit growth, financial strength and stability, and brand power.
Entrepreneur also announced 2023 as their inaugural Franchise 500 Hall of Fame feature, recognizing those that have ranked in the Franchise 500 a minimum of 25 consecutive years. The RNR team is honored to be earning mention in that feature this year. Not necessarily as a hall of famer, but as a member of the Consecutive Club, celebrating the 10+ consecutive years that their franchise has found itself on the most coveted list in franchising.
“The past year underscores the extraordinary opportunities that the franchise industry presents for entrepreneurs of all levels,” says Entrepreneur Editor in Chief Jason Feifer. “The companies named to our 44th annual Franchise 500 list represent some of the most innovative, creative, and trusted brands across many industries and highlight what it takes to build the kind of momentum that drives long-lasting success.”
In Entrepreneur’s continuing effort to best understand and evaluate the ever-changing franchise marketplace, the company’s 44-year-old ranking formula continues to evolve as well. The editorial team researches and assesses several factors that go into the evaluation, including costs and fees, size and growth, support, brand strength, and financial strength and stability. Each franchise is given a cumulative score based on an analysis of more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500® in ranking order.
Over its 44 years in existence, the Franchise 500® has become both a dominant competitive measure for franchisors and a primary research tool for potential franchisees. RNR’s position on the ranking is a testament to its strength as a franchise opportunity, its growing clout in the automotive retail space, and the continued popularity of the unique value and affordability it alone offers to consumers at each of the brand’s 180 nationwide locations.
To view RNR Tire Express in the full ranking, visit www.entrepreneur.com/franchise500. Results can also be seen in the January/February 2023 issue of Entrepreneur, available on newsstands January 17th.
For more information on the RNR Tire Express franchise brand, please visit https://rnrfranchise.com/.
About RNR Tire Express:
RNR Tire Express is a national franchise retailer of quality tires and custom wheels known for their customer-centric, flexible lease-to-own payment options. Established in 2000 by rent-to-own veteran, Larry Sutton, RNR has grown to 180 locations in 28 states. The brand ranked No. 237 in Franchise Times’ Top 500 list for 2022, and was also recognized by Inc. magazine as one of America’s fastest-growing private companies. Most recently, RNR was ranked No. 170 in Entrepreneur Magazine’s 2023 Franchise 500 ranking and #1 in the Tires and Wheels category. RNR Tire Express is seeking qualified multi-unit franchisees to expand even further nationally with prime markets available throughout the country.
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