BAD ASS COFFEE OF HAWAII RANKS ON THE PRESTIGIOUS 2023 INC. 5000
DENVER – Bad Ass Coffee of Hawaii, a leading coffee franchise renowned for its premium sourcing of Hawaiian coffees and memorable cafés, ranks No. 1066 on the 2023 Inc 5000. The prestigious 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 remarkable growth and 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 recognized 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 percent. 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 $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 www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23.
For more information on Bad Ass Coffee of Hawaii franchise opportunities, visit badasscoffeefranchise.com or call 833-205-2224.
*Source: 2023 FDD – Bad Ass Coffee of Hawaii
About Bad Ass Coffee of Hawaii®
Bad Ass Coffee of Hawaii was born on the Big Island of Hawai’i in 1989 and is dedicated to sharing premium Hawaiian coffees “with a kick” from the Hawaiian Islands through 30 U.S. franchise locations – with additional shops in various stages of development. Today, Bad Ass Coffee of Hawaii stores also serve popular blended drinks, teas, food, along with other international premium coffees and sell popular branded merchandise with exceptional service and the Aloha Spirit. Bad Ass Coffees are available in franchise stores, online and will soon be available through grocery, hospitality, and specialty retail channels. The Bad Ass Coffee of Hawaii brand and franchise is owned by Royal Aloha Franchise Company, LLC. For more information, visit badasscoffee.com and connect on Facebook and Instagram @badasscoffeeofhawaii. Franchise information is available at badasscoffeefranchise.com.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.