Inc. Magazine Names Kneaders Bakery & Café To The 2016 Inc. 5000 Fastest-Growing Private Companies List
Hits Three-Year Sales Growth of 96 percent
SALT LAKE CITY - Aug. 23, 2016 // PRNewswire // - Inc. magazine recently ranked Kneaders Bakery & Café as one of its Inc. 5000, an annual and exclusive list of the nation's fastest-growing private companies. The list honors those who Inc. describes as the "superheroes of the U.S. economy." Previous Inc. 5000 members include everyday brands such as Yelp, Pandora, Domino's Pizza and LinkedIn.
"The Inc. 5000 celebrates entrepreneurism in America. Kneaders is a family-owned business; multi-generational work has gone into shaping our company since our 1997 founding. We're proud to be named among the nation's top achievers in the private sector. Every day we strive to push the boundaries of delivering a quality product that keeps consumers coming back for more," said Kneaders' CEO James Worthington.
With revenue reaching $77.5 million in 2015 and a 96 percent three-year growth in sales, the Utah based company joins the prestigious rank of approximately 150 other food and beverage companies. Chain-wide, Kneaders has over 2000 employees. With 51 stores in six states currently, Kneaders has plans to have 55 stores open around the country by the close of 2016.
"The Inc. 5000 honors real work and real results. The consumer has never had more choices and competition has never been so fierce. This award recognizes those who have figured out what the consumer wants and is delivering that service or product in a superior way," said Worthington. "We are equally excited for our key franchise partner, Four Foods Group, who also made the list."
The annual Inc. 5000 event honoring all the companies on the list will be held October 18 - 20, in San Antonio, TX.
About Kneaders Bakery & Café
Founded by Gary and Colleen Worthington in 1997, Kneaders Bakery & Café is headquartered in Orem, Utah. The award-winning, fast-casual restaurant uses only the highest quality ingredients to create fresh European hearth breads, delicious sandwiches, mouthwatering pastries, hearty soups and refreshing salads, all made in-house each day. All restaurants have a retail section and also offer a variety of custom-made and themed gift baskets in addition to providing catering services. Kneaders Bakery & Café currently operates corporate-owned and franchised locations in six western states.
For more information, visit kneaders.com.
More about Inc. and the Inc. 500|5000
The 2016 Inc. 5000 is ranked according to percentage revenue growth when comparing 2012 to 2015. To qualify, companies must have been founded and generating revenue by March 31, 2012. They had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2015. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2012 is $100,000; the minimum for 2015 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 15,000,000 today. For more information, visit www.inc.com.
The Inc. 500|5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation's most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
SOURCE Kneaders Bakery & Cafe