Miami Beach, Fl — April 20, 2017 — InvestorHub Newswire — SNM Global Holdings (SNMN) an entertainment/media company is excited to announce they have an executed term sheet to acquire a 50% stake in two Paul Mitchell Schools for agreed terms of $2.3 million to be finalized in a definitive agreement.
The schools consist of two east coast facilities (modern 16,000 sq. ft and 11,500 sq. ft. respectively) that did annual revenues of over $3.6 million. “This is a gem of an acquisition for SNM Global, an asset that already is revenue producing and looking to expand further,” states SNM Global CEO Troy Lowman. “We are keeping current upper management in place and all have the common goal of increasing revenues with new products immediately.