|
Below is an in-depth analysis and side-by-side comparison of Rent-n-Roll vs Alloy Wheel Repair including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
Investment | $279,295 - $514,075 | $63,700 - $133,500 |
Franchise Fee | $35,000 | $35,000 |
Royalty Fee | 4% | 5% |
Advertising Fee | - | - |
Year Founded | 1999 | 1985 |
Year Franchised | 2003 | 2000 |
Term Of Agreement | - | 10 years |
Term Of Agreement | - | 10 years |
Renewal Fee | - | $2000 |
Business Experience Requirements |
||
Experience | - | Net worth requirement: $50K-250K
Cash liquidity requirement: $10K
Business Experience:
* General business experience
* Marketing skills |
Financing Options |
||
In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | No/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
||
Training | - | * Available at headquarters: 2 weeks * At franchisee's location: 3-5 days |
Support | - | * Newsletter * Meetings * Toll-free phone line * Grand opening * Internet * Security/safety procedures * Field operations/evaluations * Purchasing cooperatives |
Marketing | - | * Co-op advertising * Ad slicks * National media * Regional advertising |
Operations | - | * Franchise can be run from home
* 25% of all franchisees own more than one unit * Number of employees needed to run franchised unit: 3 * Absentee ownership of franchise is NOT allowed. (85% of current franchisees are owner/operators) |
Expansion Plans |
||
US Expansion | - | - |
Canada Expansion | No | - |
International Expansion | No | - |
Americans annually spend $250 billion on tires and auto services, and the value of replacement tire sales alone is approximately $38 billion. RNR Tire Express & Custom Wheels is ranked the #1 category leader for Tires & Wheels in Entrepreneur® magazine’s 2016 Franchise 500®.
We opened the doors to our first location in Tampa, FL, in October 2000. With nearly 100 locations nationwide, RNR has become the go-to place for quality tires and custom wheels with unique payment options including our Pay-As-You-Go! program to a growing, underserved and recession-resistant market.
Join the world's largest mobile wheel repair company. Alloy Wheel Repair Specialists (AWRS) is the largest company of its kind in the world (over 300 operating units). We are looking for Leaders who want to take advantage of this ground floor opportunity. As a franchisee you will build equity and make a tremendous income participating in this blossoming industry. You must have the desire to build a team and lead them to the domination of your local market.