Restoration 1® Named to Inc. Magazine’s Annual List of America’s Fastest-Growing Private Companies - the 2020 Inc. 5000
For the 2nd Time, Restoration 1 Appears on the Inc. 5000, Ranking Number 3823 with Three-Year Revenue Growth of 94%
August 14, 2020 // Franchising.com // WACO, Texas - Inc. magazine today revealed that Waco-based Restoration 1 is No. 3823 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. This is the second time Restoration 1 has been included on the list that represents a unique look at the most successful companies within the American economy’s most dynamic segment - its independent small businesses.
“Our team works endlessly to position Restoration 1 as a leader in our industry and a leader in franchising and it’s an honor to be named to the Inc. 5000 list again,” said Gary Findley, CEO of Restoration 1. “Despite the challenges our world is facing, our business continues to thrive and I credit that to our superior staff, hardworking franchisees and the entire network for continuing to take this organization to the next level.”
Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.
“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”
The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 12.
About Restoration 1
Founded in 2008, Restoration 1 is an award-winning franchise that specializes in a wide array of emergency mitigations, restoration and reconstructions services. An industry innovator, the Texas-based company uses advanced technologies and tools to perform restoration for both residential and commercial properties that have been damaged due to water, smoke, fire, mold, storms and more. There are over 300 locations sold throughout the U.S. with plans to expand to more than 500 locations nationwide in the next four years. Restoration 1 has earned numerous rankings from Entrepreneur, Inc., Global Franchise, Franchise Times and more.
More about Inc. and the Inc. 5000
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent - not subsidiaries or divisions of other companies - as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 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.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc.
SOURCE Restoration 1
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