August 18, 2010 // Franchising.com // (MARIETTA, Ga.) — While Marietta, Ga.-based ShelfGenie may be in the business of designing, building and installing its exclusive Glide-Out™ shelving systems for clients across the country, it's also building one profitable reputation in the process. This year the company raised its ranking in Inc. magazine's annual Inc. 500 list of the fastest growing privately held companies in the U.S.
First introduced in 1982, the Inc. 500 list has since become the hallmark of entrepreneurial success and the place future household names first make their mark. In 2010, ShelfGenie nabbed the 411th spot, up from its 2009 ranking of 525 on the magazine's expanded Inc. 5,000 list.
"We are pleased to be recognized as one of the elite privately held companies in the U.S.," says Allan Young, chief executive officer. "Moving up more than 100 positions on this prestigious list since last year shows that ShelfGenie's unique solution continues to be profitable, regardless of the economic climate. Whether people are looking to decrease clutter or simplify access within their homes, ShelfGenie caters to consumer needs across the board. Our franchise is poised for continued growth in the years ahead."
In fact, ShelfGenie currently has more than 100 locations and plans to reach 150 to 175 franchises by the end of 2011 by targeting major markets throughout the Northeast, Florida, Washington and California.
The Inc. 500 list is a distinguished editorial award, a celebration of innovation, a network of entrepreneurial leaders, and an effective public relations showcase. Both the Inc. 500 and Inc. 5000 rank companies by overall revenue growth over a three-year period. All 5,000 honoree companies are individually profiled on Inc.com. The top 500 are featured in the September issue of Inc. magazine, the leading entrepreneurial advocate for 30 years running. Inc. also ranks the fastest-growing companies by industry, metro area, revenue, and number of employees.
Marietta, Georgia-based ShelfGenie is a franchise concept that designs, builds and installs Glide-OutTM shelving systems that are custom-built to fit into existing cabinets throughout the home, resulting in durable, affordable and customized shelves that glide in and out with the touch of a finger. ShelfGenie is the nation's only franchised provider of custom-built shelving solutions and is well positioned for growth and to become the predominant brand in its industry, which is highly fragmented and comprised of many "mom and pop" competitors and online retailers. The company has over 100 locations and expects to grow to 150 to 175 franchises by the end of 2011 by targeting major markets throughout the Northeast, Florida, Washington and California.