“We are honored to be recognized by Inc. Magazine for the years of steady growth we’ve seen at SailTime,” company CEO Todd Hess said
Annapolis, MD (PRWEB) August 18, 2016
SailTime, the world’s leading boat membership program with bases around the United States and Australia, today announced its inclusion on the 2016 Inc. 500|5000 list of the top fastest-growing private companies in America. The list is considered the most comprehensive look at America’s independent entrepreneurs.
“We are honored to be recognized by Inc. Magazine for the years of steady growth we’ve seen at SailTime,” company CEO Todd Hess said, “Positioned perfectly within the popular sharing economy, I am confident in SailTime’s continued growth throughout the United States and the world.”
SailTime has enjoyed growth of 161 percent since 2012, expanding to 28 bases in the United States and six bases in Australia. Through their partnership with the American Sailing Association, they built the largest network of sailing education schools in America. They recently announced a partnership with Beneteau, one of the biggest and most respected boat manufacturers in the world, making Beneteau boats available for both the membership program and the boat ownership program at all SailTime locations.
The 2016 Inc. 5000 is the most competitive crop in the list’s history. The average company on the list achieved a mind-boggling three-year growth of 433%. The Inc. 5000’s aggregate revenue is $200 billion, and the companies on the list collectively generated 640,000 jobs over the past three years, or about 8% of all jobs created in the entire economy during that period. 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 http://www.inc.com/inc5000.
"The Inc. 5000 list stands out where it really counts," says Eric Schurenberg, president and editor-in-chief at Inc. "No one makes the Inc. 5000 without building something great – usually from scratch. That's one of the hardest things to do in business, as every company founder knows."
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.
SailTime will be honored at the Inc. 5000 Conference & Awards Ceremony, Oct. 18–20, 2016 in San Antonio, Texas.
Now celebrating its 15th anniversary, SailTime has more than 28 bases in North America and seven bases in Australia. SailTime members share the use of a professionally managed boat through the use of a unique and proprietary online scheduling system. A monthly membership fee covers the slip fees, maintenance, insurance and operating costs. These memberships offer an attractive alternative to boat ownership. SailTime also offers a generous Owner Member Program where the owner receives a monthly income, as well as the benefits of membership and complete professional management of their boat.
SailTime also has a significant network of sailing schools, via bases that are certified American Sailing Association (ASA) and Royal Yachting Association (RYA) affiliates. The instruction provided at these locations has been a key component in providing a pathway for members to achieve their goals and dreams for the sport of sailing.
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 http://www.inc.com.