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Nexia Holdings, Inc. (OTCBB: NXHD) is a diversified holdings company headquartered in Salt Lake City, Utah.
Our operations include real estate, health and beauty and fashion retail; we currently own two salons, one online retail store and two commercial properties. Our subsidiaries employ nearly 50 people in the State of Utah, and we have plans to expand our scope nationally.
Nexia Real Estate: Acquiring Undervalued Properties in the area of Salt Lake City since the early 1990's.
Nexia Holdings' existing portfolio of properties includes a 7,000 sq. ft. one-story retail building on State Street in Salt Lake City, and 100,000 sq. ft. building on Sam's Boulevard in Kearns. The company also owns seven small parcels of undeveloped raw land in Utah and Kansas and three residential properties in Northern Utah, brought in through our Real Estate Acquisition Strategy.
We've put our money into the purchase of underperforming properties, and through the repair and upgrade of those properties we hope to increase their value and cash flow potential. Our objective is to acquire properties that will need only limited improvements in order to increase their occupancy, improve cash flow, and enhance potential resale value.
From time to time we will sell our commercial properties when market conditions are favorable. The goal is to maximize profits and not necessarily to be landlords.
Landis Salons: Aveda™ Concept and Aveda™ Lifestyle Salon Experiences
Landis Salons, Inc. operates two salons in Utah. Landis Lifestyle Salon, located in Salt Lake City, is an Aveda™ Lifestyle Salon; while Landis Salon, located in Bountiful, is an Aveda™ Concept Salon. Landis Salons operate under the guidelines set forth by Aveda™, which is an earth friendly cosmetics company owned by Esteé Lauder. Aveda™ utilizes organic ingredients in their products, and Landis Salons' foundation is based upon Aveda™ principles.
Nexia Holdings, Inc. has plans to grow Landis nationally. The first Landis Salons Lifestyle location generated $1.9M in gross revenues in its second year of operation. Landis Salons has plans for up to 5 locations in the greater Salt Lake region before embarking on a national expansion plan that could include franchise opportunities.
Black Chandelier: Creative Clothing Retailer by Style Perfect, Inc.
Style Perfect, Inc. is a newly founded clothing retailer that operates under the trade name Black Chandelier. Style Perfect, Inc.'s co-founder is Jared Gold, it's designer is Daniel Nappi, and the company philosophy is that fashion should be accessible, interesting, and reasonably priced.
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