New York, NY (PRWEB) September 19, 2011
Inc. magazine has ranked Monster Scooter Parts no. 1,179 on its fifth annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. Monster Scooter Parts also received the distinction of being ranked no. 47 in the retail industry with three-year sales growth of 252%.
This marks the second consecutive year that Monster Scooter Parts has been recognized as an Inc. 500|5000 company. In 2010, Monster Scooter Parts ranked no. 190 on the Inc. 500 and no. 9 in the retail industry.
“We’re thrilled to be included in the Inc. 500|5000 list for the second year in a row. Being named to the Inc. 500 list last year was a huge achievement, but to follow that up with a repeat appearance on the list this year is definitely something to celebrate, especially in this sluggish economy,” says co-founder of Monster Scooter Parts, Kevin Alvey.
The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Monster Scooter Parts joins Spirit Airlines, Vizio and Dunkin Donuts among other prominent brands featured on this year’s list.
In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
"Now, more than ever, we depend on Inc. 500|5000 companies to spur innovation, provide jobs, and drive the economy forward,” says Inc. magazine Editor Jane Berentson. “Growth companies, not large corporations, are where the action is.”
Please visit http://www.inc.com/inc5000/profile/monster-scooter-parts to view Monster Scooter Parts' Inc. 500|5000 ranking.
About Monster Scooter Parts
Monster Scooter Parts is the nation's premier online scooter parts retailer, selling replacement parts for mobility scooters and power wheelchairs, recreational scooters, and street motor scooters.
The company was founded in 2005 based on consumer demand for replacement parts for recreational scooters. In 2006, Monster Scooter Parts expanded into the mobility and street scooter parts markets as well, prompting much of its recent growth. Today, Monster Scooter Parts offers the most comprehensive selection of scooter parts on the Internet, providing parts for virtually all makes and models of scooters and power chairs.
For more information about Monster Scooter Parts, please visit http://www.monsterscooterparts.com.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (http://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 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at http://www.inc.com.
Inc. 5000 Methodology
The 2011 Inc. 5000 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2010. The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million.