RNR Tire Express was recognized as one of the top 500 franchises in Entrepreneur’s Franchise 500. 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 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 said it 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,” said Jason Feifer, Entrepreneur editor in chief. “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.
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, visit rnrfranchise.com.