Chatham, NJ (PRWEB) June 20, 2013
Two extended-time buddies and New Jersey natives, Lucas Kovalcik and Timothy Walsh know what it is like to climb to the leading. They took their passion for fitness and rock climbing and turned it into a productive business.

These days, the owners of The Gravity Vault LLC, a premier indoor rock climbing facility with areas in Chatham and Upper Saddle River, had been named the U.S. Modest Company Administrations 2013 New Jersey Tiny Company Persons of the Year.

In making the announcement at the companys Chatham facility, SBAs New Jersey District Director Al Titone stated Kovalcik and Walsh were chosen for the award based on criteria that consist of: Staying Power (a substantial history of an established enterprise) Development in Quantity of Workers Boost in Sales Financial Strength of the Company Innovativeness of Solution or Service Offered Response to Adversity and Contributions to Aid Neighborhood Oriented Projects.

Soon after productive careers in the private sector, exactly where they held key management positions, each Kovalcik and Walsh felt strongly sufficient to leave that all behind them and commence The Gravity Vault in 2005 in Upper Saddle River. Given that that time, they havent looked back. The Gravity Vault is 1 of the prime indoor rock climbing facilities in the state of New Jersey offering a secure and wholesome environment for climbers from ages five and up. In 2009, they opened their second place in Chatham. This year, they plan to open a third company owned facility as nicely as their 1st franchised place.

According to Titone, Kovalcik and Walsh enlisted the help of the SBA and TD Bank. Every time, they opened a location they utilized the SBAs 7(a) Assure Loan Program to develop their enterprise. When the third Gravity Vault facility opens later this year, they will have over 60 staff and sales in the mid seven figures.

As we celebrate the 50th Anniversary of National Modest Business Week, this is a fantastic time to highlight the successes and achievements of New Jersey businesses like The Gravity Vault, stated Titone. Lucas and Tim have taken their passion for rock climbing and have turned it into a thriving company. These guys are living the American dream, going to work and loving what they do. It just doesnt get any far better than that.

Its a wonderful honor to be named the New Jersey Small Enterprise individuals of the year, stated Lucas Kovalcik, co-founder of The Gravity Vault. To be in a position to able to share our passion for climbing and spread it all through this neighborhood is something unique.

Our purpose is to take The Gravity Vault notion and bring awareness to the sport of climbing, stated Timothy Walsh, co-founder of The Gravity Vault. With developing demand for new and option fitness alternatives, climbing is positioned to be a exciting and fascinating selection for men and women of all ages. With the introduction of our franchise model nicely be in a position to change as many peoples lives as attainable.

From initial time climbers to seasoned pros, The Gravity Vault offers a small anything for everybody. They supply their buyers monthly and annual memberships, birthday parties, youth classes, group developing events, scout groups, and the property to three youth climbing teams.

In addition to becoming astute tiny organization owners, Kovalcik and Walsh make certain that The Gravity Vault is connected to the community via their philanthropic contributions. The organization donates to dozens of organizations which includes the NY/NJ Trail Conference to establish and preserve trails in their region The Access Fund to assist hold U.S. climbing places open and conserve the climbing atmosphere and Mohonk Preserve to help their mission to safeguard the Shawangunk Mountains by inspiring folks to care for, enjoy, and explore the all-natural planet.

Moreover, Kovalcik and Walsh donate over $ ten,000 a year in cost-free climbing to nearby Parent Teacher Organizations, churches, temples, youth organizations and schools. In the course of Hurricane Sandy, The Gravity Vault supplied free of charge meals, warmth and electricity to these in need by opening the doors to their Chatham facility that was fortunate to maintain power following the storm.

These are effectively-rounded entrepreneurs who have the correct balance and formula for success, stated Titone. It all begins with a great concept, but its the drive, the passion and perseverance that brings it all together. This is an thrilling time for Lucas and Tim as they embark on the subsequent phase of development for The Gravity Vault.

Franchising will sooner or later enable them to bring their indoor rock climbing facilities to other regions across the United States, added Titone. Of course, we are grateful for our partnership with TD Bank which provided the required injection of capital that has led to this exceptional achievement.

As component of SBAs National Small Enterprise Week festivities (June 17- 21), Kovalcik and Walsh will be honored in Washington, D.C. by SBAs Administrator Karen Mills, exactly where they will compete for the title of SBAs National Little Company Person(s) of the Year with representatives of 49 other states, the District of Columbia, Puerto Rico, and Guam.





More Administrator Press Releases
