Bad Ass Coffee ranked among 2023 Inc 5000
Image: Bad Ass Coffee of Hawaii
Hawaiian coffee franchise, Bad Ass Coffee of Hawaii, has ranked no.1066 on the 2023 Inc 5000. The ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses.
Bad Ass Coffee has achieved growth and a strong performance in 2023 with 19 franchise signings year-to-date and a 23% year-over-year increase in systemwide sales (year-to-date June 2023). Multi-unit growth continues to play a significant role in Bad Ass Coffee’s franchise expansion strategy. More than 70% of the system is now comprised of multi-unit operators. In addition, new franchisees are seeing immense value in diversifying their portfolios with an emerging coffee shop.
“We are thrilled to be recognised as one of the fastest-growing private companies in America, securing a spot on the 2023 Inc. 5000 list,” said Scott Snyder, CEO of Bad Ass Coffee of Hawaii. “This accomplishment is a testament to the hard work and dedication of our entire team. As we continue to grow, we are honored to stand among renowned brands. This achievement inspires us to continue to pursue our vision and we look forward to scaling new heights.”
The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238%. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.
According to Bad Ass Coffee’s 2023 FDD, the top 50% of stores saw an average net sale of more than USD$1 million, with the average of the top 25% exceeding $1.2 million*. Driving Bad Ass Coffee’s strong performance has been a refined focus on its retail strategy unlocking immense revenue growth potential. Systemwide sales in merchandise is over 6% of total sales, with the top 1/3 of the system achieving over 11% in total sales*.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine.
*Source: 2023 FDD – Bad Ass Coffee of Hawaii
For more information on Bad Ass Coffee of Hawaii franchise opportunities, visit badasscoffeefranchise.com.