For the first time ever, Coffeebar has been included on Inc. magazine’s Inc. 5,000 list, the most prestigious ranking of the nation’s fastest-growing private companies. Past honorees have included some of America’s most dynamic independent businesses such as Patagonia, Microsoft and Yelp.
Since establishing their first cafe in the small mountain town of Truckee, California in October 2010, the coffee company has expanded to six cafes spanning from Reno, Nevada to Silicon Valley, an in-house roasting program and an award-winning coffee bag rebrand. Coffeebar continues to grow, launching a coffee subscription program and stores in Redwood City, East Menlo Park and Palo Alto, all within the next year.
“We are excited and honored to have taken the #73 spot as the fastest-growing company in the food and beverage industry,” said Coffeebar Founder & CEO Greg Buchheister.
“After seasonal swings and constant challenges, this really is a testament to our team who embodies hospitality every day, never settling for less and constantly striving for improvement.”
The 2019 Inc. 5000 features the most competitive crop of companies in the list’s history, showing an astounding three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.
“The companies on this year’s Inc. 5000 embody a range of industries and backgrounds,” says Buchheister.
“There is not one road to success, but the common through line with all of these small businesses’ incredible growth is persistence, hard work and sacrifice.”
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
MORE ABOUT INC. AND THE INC. 5000 METHODOLOGY
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 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.