Inc. Magazine Lists 101 Mobility as a Fastest-Growing Company in U.S.
In the 34th Annual Inc. 5000 list, 101 Mobility ranks No. 1789 with a 224% three-year growth.
Wilmington, North Carolina, August 14, 2015 (Newswire.com) - For the second time, 101 Mobility has made the Inc. 5000 list as one of the fastest-growing private companies in the United States. The Wilmington-based business was recognized at No. 1789 for having a three-year growth of 224%, $2.8 million in revenue for 2014, and adding 34 jobs.
The Inc. 5000 list is released annually to celebrate U.S. businesses experiencing exceptional growth. 101 Mobility, a leading provider of mobility of accessibility solutions, also made the list in 2012 at No. 521.
101 Mobility’s President Dave Pazgan was enthusiastic about being included in the 2015 list. “It’s exciting to still be a company that’s growing quickly. It’s always an honor to be part of that list and part of a group of companies that are expanding really fast,” he said.
Pazgan attributes 101 Mobility’s expansion to breaking new ground through a unique franchise system. “We’re in a very fragmented industry, but we’ve been able to figure out a model that we can scale. And all of this is in an industry where it hadn’t really been done before. So that’s a major factor for our growth.”
The demand for mobility products, such as stair lifts and ramps, has also been a factor due to an aging population. “Our clientele, being largely Baby Boomers, is increasing. There’s a lot more of these customers now than there were 10 years ago. And this growth will continue to occur over the upcoming decades.”
As far as the future is concerned, the business has big ambitions. 101 Mobility, which currently holds 58 locations throughout the nation, looks to expand into 175 locations by 2020.
“We’re expecting within the next five years to have coverage throughout most of North America. That’s the goal,” said Pazgan.
About 101 Mobility
101 Mobility is a full-service franchise business that specializes in mobility and accessibility equipment. Products include stair lifts, ramps, auto lifts, patient lifts, pool lifts, bath lifts, vertical platform lifts, and more. Visit 101Mobility.com to learn more.
101 Mobility franchisees are supplied with geo-specific online marketing campaigns, in-person training, on-going support, and a proprietary business management platform. Visit 101MobilityFranchise.com to find more information about our franchise process.