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Green Endeavors, Inc. (GRNE) ~~~~~~~~~~~~~~~~~~~~~~~~~~
Green Endeavors, Inc. (GRNE) is a holding company with operations in the health & beauty industry. GRNE`s wholly owned subsidiaries, Landis Salons, Inc. and Landis Salons II, Inc., operate hair salons built around the world-class AVEDA(TM) product line.
Overview of operations GRNE owns and operates two Landis Aveda(TM) Lifestyle Salons and an Aveda(TM) retail store located in City Creek Center in Salt Lake City, Utah, the company`s Web site states.
Landis Lifestyle Salons opened its first location in November of 2005 in Salt Lake City, Utah. Within a year of opening, Landis Lifestyle Salons quickly became one of the premier salons in the state, GRNE`s Web site states. “Today, we are the number one Aveda(TM) lifestyle salon in Utah, and consistently rank in the top 200 in the nation,” according to GRNE`s Web site.
In 2009, Salon Today ranked Landis Lifestyle Salons as one of the top 200 salons in the country. Landis was also the winner of Salon Wars in 2009 (a competition pitting the top salons against each other) and also won Best of State in 2011.
In October of 2010, Landis Lifestyle Salon opened its second Aveda(TM) Lifestyle Salon location in the Marmalade district under the careful direction of its CEO and founder Richard Surber, GRNE`s Web site states. GRNE`s newest wholly owned subsidiary Landis Experience Center, LLC, sells a full array of Aveda(TM) products.
For more information on Landis Lifestyle Salons, visit: http://www.landissalon.com/
Highlights from the period included continued trend in further improving working capital and the health of the company`s balance sheet, according to a Nov. 19 press release.
During the third quarter, GRNE recognized an additional $33,535 in debt forgiveness, and working capital improved by $403,111, as compared to December 31, 2013. According to the Nov. 19 press release, GRNE has settled over $945,085 in debt over the nine months ended September 30, 2014.
Revenues came in at $2.4M for the nine months ended Sept. 30, compared to $2.6 for the same period in 2013. Nonetheless, GRNE`s 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, the Nov. 19 press release stated.
“We had a slight setback as far as revenues are concerned, but feel it was short lived,” said GRNE`s president and CEO Richard Surber in the Nov. 19 press release.
“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.” To learn more about GRNE, visit: http://www.green-endeavors.com/
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Compensation: We expect to receive five thousand dollars from a third party, Galaxy, LLC, for one-day e-mail campaign for Green Endeavors, Inc.
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