In a time of economic uncertainty, many small businesses have had to close their doors for good. I have a handful of friends who have either had to close for good or take part-time jobs and work evenings and weekends to pay their personal and business-related bills.
That doesn’t seem to be the case for LED Source, a company specializing in LED lighting and based out of Wellington, Florida. LED Source recently joined an elite group. It is one of the 5000 companies that recently made Inc. Magazine’s list of Top 5000 private, employee-based firms in the US. LED Source ranked number 1533 overall in the Inc. 500|5000 – a list highlighting the top, growing, privately-held American companies.
LED Source has been able to outshine nearly 3500 other companies. That’s because it has seen an average growth of 40-50% every year since being founded in 2005. It also saw leaps and bounds in growth in October 2009, when it successfully launched a franchise program. LED Source now has successful franchise locations in Eastern Canada; Bloomington, Indiana; Dallas, Texas; Des Moines, Iowa; Lawrence and Wichita, Kansas and Los Angeles, California. On top of that, LED Source is planning franchises in Western Canada, Colorado, Hawaii, Illinois, New York and San Francisco. From that, LED Source expects about 30 new franchise agreements this year, along with a total of 20 locations in operation by the end of 2011. LED Source also became the first and only LED lighting company in North America to have a franchising program.
LED Source supplies LED lighting products to both American and international firms. It specializes in full-scale evaluations and retrofits through its Retrofit Division. The company also provides consultation services all the way up to supplying products through their Architectural and Entertainment Divisions. The company’s product is most often used in art galleries, churches, commercial office space, landscaping, nightclubs, residential, restaurants, schools, special events, theaters and so much more.