By Franchising.com // DANVILLE, Calif. – Inc. magazine announced today that Vitality Bowls has been named among the top half on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. This is the third consecutive year the brand has ranked on the list.
“To be included in the Inc. 5000 list for three years in a row is a true honor,” said Roy Gilad, CEO of Vitality Bowls. “The recognition speaks volumes about our team, and all of their hard work and dedication. We look toward a future full of hope and momentum for Vitality Bowls and its continued growth.”
The companies that have placed on the 2020 Inc. 5000 list have seen monumental growth numbers throughout the year. The list shows the groundbreaking expansion for the companies and the strides they’ve made to improve upon previous year’s development. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.
“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”
The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020. As always, speakers will include some of the greatest innovators and business leaders of our generation.
About Vitality Bowls
Roy and Tara Gilad, a pair of successful business owners, founded Vitality Bowls in 2011 in San Ramon, California. The duo started the superfood café concept as a result of discovering their daughter’s severe food allergies and wanting to find safe, healthy food alternatives. Since franchising began in 2014, the brand has seen significant growth with more than 100 cafes open or in development. In 2019, Vitality Bowls was named to Franchise Times’ Top 200+ List recognizing the 500 largest franchises in the industry, as well as Inc. Magazine’s 500|5000 list for the nation’s fastest growing private companies. Also named to Restaurant Business’s Future 50 List of the fastest growing innovative brands, Vitality Bowls aims to redefine the fast casual healthy food restaurant field at its locations across the country.
More about Inc. and the Inc. 5000
Methodology
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent – not subsidiaries or divisions of other companies – as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 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.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc.
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