Baltimore, Maryland / ACCESSWIRE / July 31, 2014 / Goldman Small Cap Research, a stock market research firm focused on the small cap and micro cap sectors, announced today that it has released a new research report on Green Endeavors, Inc. (OTCPK – GRNE). The Salt Lake City-based holding company has operations in the health and beauty industry.
The health and beauty salon services and products market is a multi-billion dollar industry. Yet, the upstart Green Endeavors, Inc. recorded in $3.6 million in revenue last year and has proven success in generating higher than industry average gross profit margins. Unlike mass market chains such as GreatClips, the Hair Cuttery and those owned by sales leader Regis, the upscale Green Endeavors model generates a gross profit margin of over 40%. This profit margin is nearly one-third higher than that of the mass market firms.
The holding company’s salons offer high quality hair care and other salon services such as makeup, skin care and nail care. The salons incorporate the use of the Aveda line of products in all of the services performed and exclusively offer Aveda retail products for sale. The Aveda brand, owned by Estee Lauder Companies, Inc., manufactures “green”, professional plant-based hair care, skin care, makeup, Pure-Fume™, and other lifestyle products.
In the Goldman Opportunity Research report on the Company, analyst Rob Goldman outlines his investment thesis.
“Green Endeavors’ customer demographics and revenue per customer are typical for the upscale market. Approximately 70% of the clients are female who visit the salon 6-8 times per year and spend an average of $66 on services and purchase about $16 of Aveda products per visit. Management plans to leverage this success by engaging in a series of acquisitions in the next 2-3 years with the goal of enhancing sales and operating profitability. Therefore, this relative unknown could be considered a low-priced way to play the salon industry.”
This press release contains excerpts of our most recently published sponsored research report on Green Endeavors, Inc. Goldman Small Cap Research has been compensated by a third party in the amount of $4000 for a research subscription service. To view the sponsored research report, disclosures and disclaimers, or to download the report in its entirety, please visit http://www.goldmanresearch.com/.
About Goldman Small Cap Research: Led by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and micro cap stock research reports, articles, daily stock market blogs, and popular investment newsletters. Goldman Small Cap Research is not in any way affiliated with Goldman Sachs & Co.
A Goldman Small Cap Research report, update, newsletter, or article is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed. Please read all associated full disclosures, disclaimers, and analyst background on our website before investing. Neither Goldman Small Cap Research nor its parent is a registered investment adviser or broker-dealer with FINRA or any other agency. To download our research, view our disclosures, or for more information, visit http://www.goldmanresearch.com/.
About Green Endeavors, Inc.:
Headquartered in Salt Lake City, Utah, Green Endeavors, Inc. (OTCPK – GRNE) is a holding company with operations in health and beauty. The Company’s wholly-owned subsidiaries, Landis Salons, Inc. and Landis Salons II, Inc., operate hair salons built around the world-class AVEDA™ product line. Green Endeavors also operates a retail business, the wholly-owned subsidiary Landis Experience Center, LLC, which sells a full array of Aveda™ products.
For more information, visit Green Endeavors, Inc.: www.Green-Endeavors.com
Goldman Small Cap ResearchRob Goldman, Analyst410-609-7100[email protected]
Source: Goldman Small Cap Research