Inc. magazine today revealed that Cherry Blow Dry Bar is No. 1019 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“We are honored to be part of such a prestigious group of up-and-coming companies that are disrupting industries,” says Fred Vicario, CEO of Cherry Blow Dry Bar. “Armed with nearly 50 years of combined experience in franchising and expertise in membership models, my brother and I saw an opportunity to create a unique model within the blow dry bar industry; and that's exactly what we did. We have successfully transformed the original concept of blowout styling into a wildly popular membership model that is thriving.”
Not only have the companies on the 2019 Inc. 5000 (which are listed online at Inc.com, with the top 500 companies featured in the September issue of Inc., available on newsstands August 20) been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.
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 companies on this year’s Inc. 5000 have followed so many different paths to success,” says Inc. editor in chief James Ledbetter. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.”
Launched in 2013 and franchising since 2015, Cherry Blow Dry Bar is an expanding franchise that provides premium express services including hair blowouts, hair extensions, makeup services, lash extensions and treatments for a perfectly finished look, all at affordable prices through a unique membership model. Today, there are 20 Cherry Blow Dry Bar salons open and operating in eight states, with 80 more in various stages of development. For more information, please visit www.cherryblowdrybar.com.
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