Inc. Magazine Unveils 35th Annual List of America's Fastest-Growing Private Companies
Hissho Sushi has again been recognized by Inc.5000 as one of the fastest growing privately owned companies in America. 2016 marks the 6th time in 7 years that Hissho has received this honor. This year the Company reached its highest ranking yet, landing at #3077. Additionally, Hissho was ranked #22 for North Carolina companies.
Started in 1982, this prestigious list of the nation’s most successful private companies has become the hallmark of entrepreneurial success. 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.
CEO Philip Maung says, “As the market evolves, so does Hissho. Consumers constantly demand something new and we strive to give them what they want. We’re always looking for ways in which to innovate whether it’s through new products, different channels of distribution or the use of social media.”
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 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 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.
Hissho Sushi, headquartered in Charlotte NC, is a thriving sushi franchise which now has over 900 locations in 39 states. Philip Maung, the CEO, came to the United States from Myanmar in 1989 with only $13 in his pocket, and started his sushi business in 1998.
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