Hey there traders,
As we’re entering the tail end of the week, we thought it would be nice to deliver everyone a pre-holiday week surprise.
That surprise is GRNE.
GRNE – (Green Endeavors, Inc.)
GRNE has the three biggest key components for potential success, and these three tell me a lot... Growth... Expansion... and finally, an Opportunity!
Trading under 1 Penny with millions in revenues, GRNE needs your full attention!
GRNE currently operates two salons that sell Aveda products exclusively. GRNE's flagship salon is named Landis Lifestyle Salon which is an Aveda Lifestyle Salon.
GRNE’s flagship location has 20 chairs and gross annual revenues of approximately $2M. GRNE's long term plans will include national expansion.
Just last month, GRNE filed its third quarter report on Form 10-Q with the SEC.
Here’s an excerpt from that press release:
“Green Endeavors Reports Revenues of $2.4M and Net Income of $69,061 for the Nine Months Ended September 30, 2014”
Some highlights from the Form 10-Q include a continued trend in further improving our working capital and the health of our balance sheet. During the third quarter, we recognized an additional $33,535 in debt forgiveness. Our working capital improved by $403,111, as compared to December 31, 2013. We have settled over $945,085 in debt over the nine months ended September 30, 2014. Our revenues came in at $2,428,730, compared to $2,646,259 for the same period in 2013. Nonetheless, our net income for the nine months ended September 30, 2014 was $69,061, compared to a loss of $37,461 for the same period in 2013.
Richard Surber, President and CEO of Green Endeavors, Inc., commented, "We had a slight setback as far as revenues are concerned, but feel it was short lived. We have had to turn guests away at various times because we had insufficient stylists. We have learned our lesson from this minor setback and we have implemented an aggressive recruiting strategy to mitigate the effect of being understaffed. Over the last three months we have stepped up our recruiting and training efforts with great success. We plan on over staffing our current locations looking forward to opening our fourth location in Utah. In addition, we have scouted several locations that are out of state as well which are promising. I will announce more on new locations when our plans have firmed up. I believe it is essential to have a strong foundation before expanding. My team continues to dial our systems down in anticipation of substantial future growth."
For the full press release, click here: http://finance.yahoo.com/news/green-endeavors-reports-revenues-2-133000330.html
Business Summary
GRNE – Green Endeavors, Inc.
Green Endeavors, Inc., through its subsidiaries, owns and operates hair salons in Utah, the United States. The company operates two Aveda Lifestyle Salons in the Liberty Heights and Marmalade districts of Salt lake City, Utah. Its salons operations consist of three components, including hair salons that provides various hair care and other salon services, such as makeup, skin care, and nail care; an Aveda retail store that sells hair care, skincare, makeup, fragrance, and other lifestyle products; and a training academy, which educates and prepares staff about the culture, services, and products provided by the salon. The company was founded in 2002 and is based in Salt Lake City, Utah. Green Endeavors, Inc. is a subsidiary of Nexia Holdings, Inc.
Market Outlook
The global professional hair care market sales are expected to increase around 4.5% until 2018.
Revenue growth for the industry is expected to improve over the next five years, rising at an average annual rate of 3.3% to $49.3 billion by 2017…this will be driven by an expected increase in per capita disposable income and declining unemployment toward the end of the five-year period…higher disposable incomes could also lead hair salon customers to spend more on higher-value services like manicures, pedicures, facials, hair modification treatments, and massages.
Industry profit is also expected to see gains, which could encourage new businesses to enter the industry profits, are projected to increase from 5.5% in 2014 to 5.9% by 2017. Profit gains will be mainly due to increased sales of higher-value products which have larger profit margins…Improving market conditions will increase the number of industry operators at an average annual rate of 3.7%, reaching 1.3 million operators by 2017.
This growing number of industry operators will drive employment growth. The slowly improving job market will continue to contribute to higher enrollments at cosmetology schools. This continued trend, combined with the growth in new industry operators, is expected to drive beauty salon employment upwards at an average annual rate of 3.8%, reaching 1.8 million employees by 2017.
The Cosmetic Products Market is projected to grow with changing trends in using beauty products and increasing consciousness about appearance. The types of cosmetic products include fragrances, color cosmetics, bathing shower gels, along with skin care, hair care, personal hygiene oral care, and feminine hygiene products.
The increasing demand for advanced and sophisticated cosmetic products is an important driving factor in the market.
Furthermore, the size of the Hair and Nail Salons industry is continuing to expand. IBISWorld projects that from 2014 through 2019, the number of companies will expand at an annualized rate of 5.0% reaching 1.6 million businesses by 2019.
Investor Highlights
GRNE reported in their most recent 10-Q revenues of $2.4M and Net Income of $69,061 for the Nine Months Ended September 30, 2014.
GRNE is a stock in a self-growth industry that has a rising annual rate of 3.3% and is expected to generate over $49B by 2017.
The only hair salon franchise in the top 100 Global franchises is Supercuts, which trades under the symbol (RGS), is selling at or about $13.00 per share.
GRNE is sub-penny play with enormous upside potential.
We can’t be more pleased to share this information with our readers. The possibilities with this stock is exactly what experienced day traders look for; a potential fast paced momentum building sub-penny play!
