RNR Tire Express has earned itself a spot in two of the latest franchise industry award rankings, including Entrepreneur magazine’s inaugural Top Brands for Multi-Unit Owners list and the 2023 Franchise Times Top 400.
The Entrepreneur magazine ranking, showcases the top franchise brands for prospective franchisees who are interested in multi-unit ownership, as well as existing franchisees looking to add to their portfolio. Whereas the Franchise Times annual list ranks the largest names in franchising in accordance with their total systemwide sales.
Entrepreneur asked franchisors questions such as: Do they offer discounts to franchisees purchasing multiple units? What percentage of their franchisees own multiple units? What percentage of their brand’s total units are owned by multi-unit franchisees? What is the average number of units owned by each franchisee? And finally, do they only sell multiple units or master licenses? All of which factored into RNR’s ranking of No. 57 on the list.
RNR Tire Express said franchisees have been driven to join the franchise for operational and brand-specific reasons, including RNR’s higher-than-average annual revenue and net profits it affords owners and its business model servicing a vast consumer niche, the company said.