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Backyard Business

Do you ever feel like you’ve been living with your head in the sand? That’s kinda how I feel this morning. I just skimmed a press release for a furniture company, and these guys are practically in my backyard.

Press Release:

North Carolina Furniture Store Joins List of Nations Fastest Growing Private Companies

Internet furniture store Great Priced ranked in top 1,000 on Inc. Magazine list.
These companies are the elite. A mere sliver of the seven million or so companies in the U.S. that have employees.

Wilmington, NC (PRWEB) September 26, 2007 — Wilmington, NC based Great Priced Furniture has been recognized by business journal Inc. Magazine as one of the nation’s fastest growing companies. Ranked 990 overall, the online furniture retailer also ranked 48 nationally in the retail sector.

For almost a year, Inc. Magazine deployed more than 70 researchers, reporters, editors and interns on the ranking project to identify and profile the 5,000 fastest growing companies in America. To qualify, companies must have been U.S. based, privately held and be independent. Revenue in 2003 must have been at least $200,000, and revenue in 2006 must have been at least $2 million. “These companies are the elite. A mere sliver of the seven million or so companies in the U.S. that have employees.” said Jim Melloan, Project Manager at Inc. Magazine.

Great Priced Furniture was founded in 1999 and during the study period achieved sales revenue growth of 355.9%. Sales revenue in 2006 was $7.5 million.

President, Fred Rose attributes the company’s more recent growth rate to overseas sales. “We launched an international marketing campaign in the summer of 2006 and together with the weak dollar exchange rate, it helped spur our overall sales.” said Rose.

Great Priced Furniture specializes in selling high-quality, branded furniture from manufacturers such as American Drew, AICO and Stanley and schedule shipping to try and ensure customers receive their furniture in about one quarter the time of a transaction with a traditional furniture showroom.

“It’s a great honor that Inc. Magazine has recognized our sales growth.” added Rose. “But offering great products at the right price is only part of the equation. Efficient warehousing, shipping and delivery is also an important aspect of our customer’s buying experience. It enhances their overall satisfaction. Our new ‘state of the art’ warehouse facility in Wilmington is now an essential part of our strategy to handle our growth.”

About Great Priced
Great Priced Furniture employs 28 staff with corporate offices and showrooms near the Wilmington, NC Ports Authority. The company’s total freehold ownership is 20 acres including 35,000 sq. ft. of administration and warehouse space.

The online furniture store has built a solid reputation by offering a wide selection of premium brand name bedroom furniture, office furniture, living room furniture and dining room furniture. They have established strong working partnerships with leading furniture manufacturers including Broyhill Furniture, American Drew, AICO, Lexington Home Brands, Pulaski, Stanley Furniture, Kathy Ireland Home by Standard, and Hooker Furniture. All furniture sold via the online furniture store is backed by a 30 day, full satisfaction, money back guarantee — a first in Internet furniture retailing.

So why do I feel ostrich-like? I’ve never heard of them! One of the fastest growing companies in the US, right in my back yard, and I don’t know about them. Now I have to go do some research. There used to be a big outfit here called Rose Brothers Furniture, and I think maybe Fred Rose, who is quoted in that press release, may be one of the brothers. If it’s the same store, they will have awesome bedroom furniture. I’ll bet my mom would know, and if she doesn’t, well, the WPA is only a few minutes from us! Quit laughing! Any shopping would be for research purposes only!!

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