Inc. magazine has ranked RNR Tire Express (RNR) No. 4553 on its 36th annual Inc. 5000, its annual ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American independent small- and mid-sized businesses. This is RNR’s third time making the list, a feat that a mere one in five companies achieve, according to Inc.
Distinguished companies are ranked according to the growth percentage of their annual revenue over a three-year period. To be featured on the list, applicants must have proven their strategies to be successful, demonstrating increased growth, revenue and reputation. Only the very best private, employee-based firms are awarded the distinction of being recognized, which is known as the gold standard of entrepreneurial success. The 2017 Inc. 5000 is the most competitive crop in the list’s history.
“It is quite an honor to not only be recognized for a third time but to also be ranked among some of the largest, most successful companies in America,” said Larry Sutton, founder and president of RNR Tire Express. “Our continuous growth is directly related to two things – the hard work and determination of our franchisees and our offering of quality products and services at an affordable price.”
RNR Tire Express & Custom Wheels says it has carved out a unique niche in the tire and wheel industry. Offering “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. The unique pay-as-you-go or lease purchase business model has proven attractive to consumers and franchisees as well, says RNR. The company says it has witnessed the demand of the service and is reinvesting in the brand to open more locations throughout the nation.
Founded in 2000 by rent-to-own veteran Larry Sutton, RNR has since grown to 100 locations in 22 states. The brand has experienced significant organic growth with just 19 franchisees operating 100 locations.