April 06, 2023 // Franchising.com // FORT WORTH, TEXAS
HTeaO ranked on Inc. magazine’s fourth annual Inc. 5000 Regionals Southwest list. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at companies within the Southwest economy’s most dynamic segment–its independent small businesses.
HTeaO was one of 166 companies recognized for its two-year revenue growth from 2019 to 2021.
“Growing regionally has always been our strategy to test, perfect, and enhance our business model,” said Andrew Hawes, Chief Development Officer of HTeaO. “We’re honored to be recognized by Inc. Magazine.”
Between 2019 and 2021, these 166 private companies had an average growth rate of 557 percent and, in 2021 alone, they added 16,116 jobs and nearly $5.5 billion.
“This year’s Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America’s growth companies,” says Scott Omelianuk, editor-in-chief of Inc. magazine.
The 2023 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2019 and 2021. To qualify, companies must have been founded and generating revenue by March 31, 2019. They had to be U.S.-based, privately held, for-profit, and independent – not subsidiaries or divisions of other companies – as of December 31, 2021. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2021 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
Source – www.franchising.com
