ARCpoint Franchise Group Ranks On 2016 Inc. 5000 Fastest-Growing Companies
GREENVILLE, S.C. (PRWEB) August 22, 2016 -- Inc. magazine ranked ARCpoint Franchise Group, franchisor of ARCpoint Labs, at No. 2886 on its 35th annual Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies. This is the 2nd time that the company has been ranked on the list. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small businesses. Companies such as Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees of the Inc. 5000.
“To rank on the Inc. 5000 for the 2nd time validates the incredible hard work of all team members across the ARCpoint Labs system,” said Felix Mirando, CEO of ARCpoint Franchise Group. “Our franchisees have spread the core values of the company and displayed our commitment to quality in their ARCpoint Labs locations serving communities across the entire U.S. We are proud to be recognized for the sales momentum and growth the company is enjoying as a result.”
The 2016 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. (available on newsstands August 23) 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 Inc. President and Editor-In-Chief Eric Schurenberg. “It honors real achievement by a founder or a team of them. 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. But without it, free enterprise fails.”
The annual Inc. 5000 event honoring all the companies on the list will be held from October 18 through 20, in San Antonio, TX. Speakers include some of the greatest entrepreneurs of this and past generations, such as best-selling author and strategist Tony Robbins, SoulCycle co-founders Elizabeth Cutler and Julie Rice, Cornerstone OnDemand founder, president and CEO Adam Miller, Marvell Technology Group director and co-founder Weili Dai, and New Belgium Brewing co-founder and executive chair Kim Jordan.
ARCpoint Franchise Group has created and refined a franchising blueprint for steady, intelligent growth over the last decade. The ARCpoint Labs model has attracted entrepreneurs from a variety of industries looking to move into business ownership who recognize that ARCpoint Labs may be one of franchising’s best kept secrets. In 2015, the brand’s 10th year, ARCpoint Franchise Group broke several records including 10 consecutive months with gross sales over $1 million. Additionally, several locations hit triple digit percentage increases for year-over-year sales. In 2016, the brand will surpass 100 locations across the country, and has executed plans to grow their marketing footprint and focus on their training program. In 2015, ARCpoint Franchise Group sold 36 new territories and anticipates ending 2016 by selling 45 territories and has a goal of growing to 325 units by 2020. The focus for growth includes Detroit, Pittsburgh, Milwaukee, Houston, Tampa/St. Petersburg, Salt Lake City, Miami, Buffalo, Hartford, and San Diego.
“Our success, as recognized by the Inc. 5000 ranking, is fueled by the individual sales success of all of our franchisees,” said Mirando. “As we look toward the future, we aim to continue to provide the support and encouragement to allow all of them to continue achieving their business goals, which will drive ARCpoint Labs for many years to come.”
For more information on the growing brand, check out ARCpoint Franchise Group on Facebook at http://www.facebook.com/ARCpointFranchiseGroup, follow ARCpoint on Twitter at twitter.com/arcpointfg, and connect on LinkedIn at http://www.linkedin.com/company/arcpoint-franchise-group. For franchising opportunities, please visit: http://arcpointlabsfranchise.com/.
About ARCpoint Labs
ARCpoint Labs is a Greenville, S.C.-based full-service national third-party provider/administrator providing Accurate, Reliable, and Confidential drug, alcohol, DNA and steroid testing, employment/background and wellness screening and corporate wellness programs. After the success he saw with his own drug screening facility in 1998, 17-year industry expert Felix Mirando saw the growth potential of the brand and founded ARCpoint Franchise Group LLC in 2005. ARCpoint Labs has become one of the fastest growing, and most flexible models in the franchise industry behind the leadership of Mirando, the brand’s chief executive officer, and the corporate team of experts he has assembled in order to stay ahead of trends in the space and constantly look for new revenue streams to benefit existing franchisees and attract new qualified operators to the system. There are nearly 100 ARCpoint Labs locations across the country with plans to grow to 325 franchise locations nationwide by 2020. ARCpoint Franchise Group is proud to have landed on Entrepreneur's "Franchise 500" in 2016. The brand was also recognized on the Inc. 5000 list of fastest growing companies in 2014 and is nationally recognized as a member of the Drug and Alcohol Testing Industry Association (DATIA) and Substance Abuse Program Administrators Association (SAPAA). For more information on ARCpoint Labs visit http://arcpointlabs.com/.
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.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation's most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
Methodology
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. 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.
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Lauren Boukas, No Limit Agency, http://www.nolimitagency.com, +1 (312) 526-3996, [email protected]
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