August 30, 2010 // Franchising.com // HUNTINGTON BEACH, Calif. – Inc. magazine has ranked Fiesta Auto Insurance in the top 6 percent of the publication's 500/5000 list of the fastest-growing private companies in the United States.
Ranked at No. 343 on the list, the nation's only insurance and tax preparation franchise achieved the high rating based on its 853 percent three-year revenue growth rate. In the survey's insurance category, the chain ranked ninth out of 69 companies.
"We are proud to be recognized by such a prestigious magazine for our outstanding growth," said John Rost, founder and CEO of Fiesta Auto Insurance. "In the first quarter of 2010 alone, the 20 new franchise locations that we opened increased our footprint to more than 75 units operating throughout the nation. We look forward to continuing our aggressive expansion and moving up the Inc. list for many years to come."
The companies on the 2010 Inc. 500|5000 are ranked according to percentage revenue growth from 2006 to 2009. To qualify, companies must have been founded by June 30, 2006, and generating revenue since then. In addition, they must be privately held, for-profit independent firms based in the United States, not subsidiaries or divisions of other companies, as of December 31, 2009.
"The leaders of the companies on this year's Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression," said Inc. president Bob LaPointe. "The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs."
The Inc. 500I5000 award marks the second honor Fiesta Auto Insurance has received during the past 60 days. World Franchising Network (WFN) named the company one of its Top 26 Franchises for Hispanics for 2010. PODER Magazine, the successor to Hispanic Enterprise, published the results in its July 2010 issue.
Fiesta Auto Insurance is the nation's only franchise system to combine insurance and tax preparation under one roof, providing a one-stop shop for the budget-minded consumer. Beyond auto insurance, Fiesta offers insurance services for watercrafts, motorcycles, homeowners, rentals, condos, apartments, tenant occupied property, commercial auto, commercial property, commercial general liability, Mexico insurance and special event coverage. On the tax side they offer federal and state personal income tax filings, business tax returns, electronic filing and bank products. Fiesta also provides motor vehicle registration services, travel services, wireless services and instant wire money transfers as well as accounting and bookkeeping services.
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.