Tower Paddle Boards Claims Spot 239 on Inc. 500 List
San Diego, CA August 1, 2015 – Inc. Magazine has recognized Tower Paddle Boards as the 239th fastest growing privately run company in the U.S. It was Tower's $5 million annual revenue in 2014, three year growth of 1,853 percent and the addition of five employees that caught the attention of Inc. Magazine. Tower Paddle Boards is a direct to consumer stand up paddle board company that specializes in high-quality beach lifestyle products.
"My goal when I graduated college was to work for an Inc. 500 company and now here I've founded one. Sometimes your imagination isn't good enough," exclaims Tower SUP founder Stephan Aarstol, "We expect to crack the top 1000 on the 2016 Inc. 5000 list with a three-year growth rate of about 420 percent."
The San Diego based company started gaining traction after their debut on ABC's Emmy nominated show, Shark Tank. Since then, Tower has made waves in the stand up paddle board industry with their unique business model and ability to offer high-quality products at an affordable price points by selling direct to consumer. They have disrupted the industry standards by innovating the distribution front, marketing front and product front, all at once.
Tower Paddle Boards officially crossed $10 million in lifetime sales in January of 2015 and plans to reach an annual sales revenue of $30 million by 2018. They have also been listed as San Diego Business Journal's #1 Fastest Growing Company in 2014 and as one of Inc. 500's "Top Ten Most Impressive Products." The Tower team has now grown to nine employees.
The Tower brand is well known within the US, and at an exponentially growing pace worldwide, as the purveyor of the beach lifestyle. Tower creates products and services that engage and inspire the human spirit. They disrupt markets with their value proposition of selling high-quality at low cost by leveraging their online marketing expertise and their direct consumer online business model.
About Inc. 500:
Inc. 500 was introduced in 1982 by Inc. magazine. Inc. 500 spotlights the fastest-growing privately run companies in the United States. Inc.com is a top resource for starting and growing a business. Inc. 500 also produces Inc. Magazine, Inc. 500 and Inc. 5000.