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MINILUXE REPORTS FINANCIAL RESULTS FOR THE THIRD QUARTER AND YTD Q3 2025
Globenewswire· 2025-11-20 01:43
Core Insights - MiniLuxe Holding Corp. reported continued double-digit system-wide sales growth and 10 consecutive quarters of unit economic improvement [1][6] Financial Performance - For Q3 2025, total revenue reached $7.261 million, reflecting a 7% year-over-year increase, while year-to-date (YTD) revenue was $20.873 million, an 8% increase [5][6] - Gross profit for Q3 2025 was $3.105 million, a 6% increase from the previous year, maintaining a gross margin of 43% [5][6] - Adjusted EBITDA for Q3 2025 was ($912,000), showing a 2% improvement compared to the previous year [5][12] Sales Growth - System-wide sales growth was 11% year-over-year for Q3 2025, totaling $7.6 million, with net revenue growth of 7% to $7.3 million [6] - Year-to-date sales growth also stood at 11%, with system-wide revenue at $21.6 million and net revenue at $20.9 million [6] Unit Economics - The company has seen improvements in unit economics for 10 consecutive quarters, driven by a favorable service mix and labor efficiency [6] - Cash contribution on a 4-wall basis for the full company-owned fleet increased approximately 40% year-over-year [6] Team and Client Metrics - The company reported an 87% year-over-year retention rate of hourly team members, with over 50% of the team having more than 5 years of tenure [6] - MiniLuxe achieved a net promoter score (NPS) of over 85, indicating strong client loyalty, with around 80% of clients being repeat customers [6] Growth Strategy - MiniLuxe's strategy includes strengthening unit economics across its 24 studios and expanding growth through mergers and acquisitions (M&A) and franchise partnerships [4][6] - The company signed a new franchise operating partner for the Connecticut region, covering three new sites, and is actively evaluating M&A opportunities [6]
MiniLuxe Expands Franchise Network with Third Multi-Unit Partner in Fairfield County, Connecticut
Globenewswire· 2025-11-18 14:01
Core Insights - MiniLuxe Holding Corp. has signed a franchise development agreement with Vera Lexmond to open three locations in Fairfield County, Connecticut, with the first location expected to open before the end of next year [1][2]. Company Expansion - Vera Lexmond is the third multi-unit franchise developer to join MiniLuxe's network, following Quynh Pham and Peiru Kim, indicating strong interest in the franchise program since its launch [2]. - The partnership aligns with MiniLuxe's strategy to scale in a capital-efficient manner through various models, including franchises and joint ventures [3]. Leadership and Expertise - Vera Lexmond has a successful background in multi-unit retail in the Netherlands and was part of the founding team of Enstall, showcasing her strategic and operational expertise [4]. - Tony Tjan, Co-Founder and CEO of MiniLuxe, expressed confidence in Lexmond's capabilities as an operator and her alignment with the company's values [5]. Company Mission and Services - MiniLuxe operates 24 company-owned nail studios across North America and aims to empower its workforce through clean and ethical self-care practices [5]. - The company focuses on high-quality nail care services and proprietary products, striving to transform the self-care and nail care industry through better standards and technology [6].
MiniLuxe Announces New Tampa Franchise Agreement
Globenewswire· 2025-09-29 11:30
Core Insights - MiniLuxe expands its franchise model with Peiru Kim as the second franchise partner, opening a location in Tampa, Florida, following a successful joint venture in Atlanta [1][4][5] - The partnership aims to enhance MiniLuxe's presence in the Southeast US, leveraging favorable demographics and strong demand for nail care services [3][5] Group 1: Partnership and Expansion - MiniLuxe has entered into a franchise agreement with Peiru Kim, who previously collaborated with the company in a joint venture to establish its brand in Atlanta [1][2] - The Tampa location represents MiniLuxe's first franchise in Florida, indicating a strategic move to capitalize on the region's business dynamics [1][3] Group 2: Strategic Focus - The partnership aligns with MiniLuxe's strategy to scale efficiently through various models, including joint ventures and franchises, while working with experienced owner-operators [2][5] - The company emphasizes its commitment to clean beauty and high-quality self-care services, aiming to redefine industry standards and enhance client experiences [5][6] Group 3: Leadership and Vision - Tony Tjan, CEO of MiniLuxe, expresses confidence in Peiru Kim's leadership, highlighting her proven track record in the nail care industry [3][5] - The collaboration is seen as a significant step towards achieving shared goals and values, fostering growth opportunities for both MiniLuxe and the Tampa community [5][6]
MINILUXE COMPLETES SHARES FOR DEBT SETTLEMENT
Globenewswire· 2025-09-26 21:01
Core Points - MiniLuxe Holding Corp. has completed a shares-for-debt settlement with The Cue Ball Group, issuing 118,750 Class A subordinate voting shares at a deemed price of CAD$0.40 per share to settle approximately USD$34,237 (C$47,500) in outstanding liabilities [1][2] Group 1: Shares-for-Debt Transaction - The shares-for-debt transaction is viewed as beneficial for the company and its shareholders, as it reduces a longstanding liability and conserves capital for higher-return opportunities [2] - Cue Ball provided a material discount for the services performed or expenses owed, making the transaction more favorable [2] Group 2: Related Party Transaction - The transaction is classified as a "related party transaction" due to the involvement of an insider, necessitating reliance on exemptions from formal valuation and minority approval requirements under Multilateral Instrument 61-101 [3] - The company is exempt from the formal valuation requirement as it is not listed on a specified market, and the shares issued do not exceed 25% of the company's market capitalization, thus exempting it from minority approval [3] Group 3: Securities Regulation - All securities issued in the shares-for-debt transaction are subject to a hold period of four months and one day from the issuance date, in compliance with applicable securities legislation [4] Group 4: Company Overview - MiniLuxe is a lifestyle brand and talent empowerment platform in the beauty and self-care industry, focusing on high-quality nail care and esthetic services [6] - The company aims to transform the self-care and nail care industry through better standards, technology, and a commitment to healthier practices [6] - MiniLuxe has performed over 4 million services since its inception, emphasizing professional development and economic mobility for its workforce [6]
MINILUXE ANNOUNCES PROPOSED SHARES FOR DEBT SETTLEMENT
Globenewswire· 2025-09-06 00:06
Core Viewpoint - MiniLuxe Holding Corp. plans to issue 345,000 Class A subordinate voting shares at CAD$0.40 per share to settle approximately USD$100,000 in debts owed to Cue Ball Capital, LLC for advisory and consulting services [1][2]. Group 1: Shares for Debt Transaction - The transaction is subject to customary closing conditions, including approval from the TSX Venture Exchange [2]. - All securities issued will have a hold period of four months and one day from the issuance date [2]. Group 2: Related Party Transaction - The transaction is classified as a "related party transaction" due to the involvement of an insider [3]. - The company will rely on exemptions from formal valuation and minority approval requirements under Multilateral Instrument 61-101 [3]. - The shares issued to related parties do not exceed 25% of the company's market capitalization, allowing for exemption from minority approval [3]. Group 3: Company Overview - MiniLuxe is a lifestyle brand and talent empowerment platform in the beauty and self-care industry, focusing on high-quality nail care and esthetic services [5]. - The company aims to transform the self-care and nail care industry through better standards, technology, and a focus on healthier products [5]. - MiniLuxe has performed over 4 million services since its inception, emphasizing professional development and economic mobility for its workforce [5].
MINILUXE REPORTS ON RECORD FINANCIAL RESULTS FOR THE SECOND QUARTER AND 1H OF 2025
Globenewswire· 2025-08-22 11:15
Core Insights - MiniLuxe Holding Corp. reported strong financial results for Q2 2025, with system-wide sales growth of over 12% year-over-year and adjusted EBITDA growth of 100% [2][5][6] Financial Performance - Q2 2025 system-wide sales reached $7.7 million, up from $6.9 million in Q2 2024, marking a 12% increase [6][12] - Total revenue for H1 2025 was $13.6 million, an 8% increase from $12.6 million in H1 2024 [6][12] - Gross profit for Q2 2025 was $3.2 million, a 5% increase from $3.0 million in Q2 2024, with a gross profit margin of 43% [7][12] - Fleet adjusted EBITDA improved by 100% year-over-year, reaching $1.4 million in Q2 2025 [9][12] Strategic Focus - The company is focusing on three strategic pillars: driving growth through operating and franchise partners, accelerating studio-level profitability, and increasing SG&A efficiency [5][6] - Talent retention remained strong at 87% year-over-year, indicating effective employee engagement strategies [10][12] Operational Highlights - MiniLuxe's first franchise partner in Brookline, Massachusetts, exceeded expectations, achieving profitability within the first six months [5][12] - The median average unit volume for the top quartile of studios exceeded $1.8 million per unit store [6][12] Cash Flow and Financial Health - Cash and cash equivalents at the end of the period were $6.0 million, up from $3.99 million a year earlier [14][12] - The company reported an operating loss of $1.2 million for Q2 2025, an improvement from a loss of $1.5 million in Q2 2024 [8][12]
MiniLuxe Announces Completion of Planned Share Issuance for the Purposes of Acquiring a New Studio Location in Dallas, Texas
Globenewswire· 2025-08-14 11:30
Core Viewpoint - MiniLuxe Holding Corp. is expanding its presence in the Dallas-Fort Worth market through the acquisition of a new studio location, supported by a strategic partnership and the issuance of shares to fund this expansion [1][3][4]. Group 1: Acquisition Details - The company has issued 437,500 Class A subordinate voting shares at a price of USD $0.40 per share to facilitate the acquisition of a new studio location in the Dallas-Fort Worth area [1]. - MiniLuxe's wholly owned subsidiary now holds approximately 66.15% of the issued and outstanding LLC membership interests of the newly formed entity [2]. - The securities issued are subject to a hold period of four months and one day from the date of issuance [2]. Group 2: Strategic Importance - This acquisition enhances MiniLuxe's footprint in a key growth region, indicating a successful strategy of expansion through mergers and acquisitions [3]. - The company aims to accelerate growth through various means, including acquisitions, new company-owned stores, joint ventures, and franchising [3]. Group 3: Partnership and Team - The new location benefits from a strong joint venture partnership with Leslie Concors, who has a successful track record in growing consumer brands [4]. - Kayleigh Se, MiniLuxe's Regional Operating Partner, will also contribute her expertise to the new venture, ensuring continuity and quality in operations [4]. Group 4: Leadership Insights - The CEO of MiniLuxe expressed optimism about the acquisition, highlighting the identification of tier-one conversion opportunities in desirable neighborhoods [5]. - Leslie Concors, a new shareholder and partner, expressed confidence in the potential of the Lakewood location to enhance the MiniLuxe experience [6]. Group 5: Company Overview - MiniLuxe is a lifestyle brand focused on the beauty and self-care industry, providing high-quality nail care and esthetic services [8]. - The company aims to transform the self-care and nail care industry through better standards and technology, while also empowering a diverse workforce [9][10].
MiniLuxe Announces Completion of Planned Share Issuance for the Purposes of Acquiring a New Studio Location in Dallas, Texas
GlobeNewswire News Room· 2025-08-14 11:30
Core Viewpoint - MiniLuxe Holding Corp. is expanding its presence in the Dallas-Fort Worth market through the acquisition of a new studio location, supported by a strategic partnership and a focus on talent empowerment [3][4][5]. Company Expansion - The company has completed the issuance of 437,500 Class A subordinate voting shares at a price of USD $0.40 per share to facilitate the acquisition of a new studio in the Dallas-Fort Worth area [1][2]. - MiniLuxe's subsidiary now holds approximately 66.15% of the LLC membership interests in the newly formed entity [2]. Strategic Partnerships - The acquisition includes a joint venture with Leslie Concors, an experienced entrepreneur with a successful track record in growing consumer brands [4]. - Kayleigh Se, MiniLuxe's Regional Operating Partner, will also contribute her expertise to the new location [4]. Growth Strategy - MiniLuxe aims to accelerate growth through mergers and acquisitions, new company-owned stores, joint ventures, and franchising [3][10]. - The company prioritizes the talent behind its studios to maintain quality and consistency in service delivery [3]. Market Position - The Dallas-Fort Worth area is identified as a key growth region for MiniLuxe, with the new location expected to enhance its market presence [3][5]. - The company has performed over 4 million services since its inception, indicating a strong operational foundation [10].
MiniLuxe Announces Planned Share Issuance for a New Studio Location Acquisition in the DFW (Dallas Fort Worth) Region
Globenewswire· 2025-08-11 11:15
Core Viewpoint - MiniLuxe Holding Corp. is pursuing a strategy of mergers and acquisitions, focusing on regions where it already has a presence, with a planned issuance of 437,500 subordinate voting shares to facilitate the acquisition of a new studio in the Dallas–Fort Worth market [1][2]. Company Overview - MiniLuxe is a Delaware corporation based in Boston, Massachusetts, operating in the beauty and self-care industry, specializing in high-quality nail care and esthetic services [3]. - The company aims to transform the fragmented and under-regulated self-care and nail care industry through its brand, standards, and technology platform, enhancing talent and client experiences [3]. Acquisition Strategy - The planned acquisition involves converting an existing salon business to the MiniLuxe brand, which is not considered a material transaction in terms of cash value or size, representing well under 1% of the company's fully diluted share ownership [2]. - This transaction is with a non-related party and requires approval from the TSX Venture Exchange [2]. Business Model and Growth - MiniLuxe is expanding its reach through franchising and acquiring existing nail salons, providing entrepreneurs with opportunities to partner with a recognized brand [4]. - The company has performed over 4 million services since its inception, focusing on professional development and economic mobility for a diverse workforce [4].
MINILUXE ANNOUNCES APPOINTMENT OF LANCHI VENATOR AS CHIEF FINANCIAL OFFICER AND RELATED ISSUANCE OF EQUITY BASED COMPENSATION
Globenewswire· 2025-08-08 15:35
Company Overview - MiniLuxe Holding Corp. is a lifestyle brand and talent empowerment platform in the beauty and self-care industry, focusing on high-quality nail care and esthetic services [7] - The company aims to transform the fragmented and under-regulated self-care and nail care industry through its brand, standards, and technology platform [7] - MiniLuxe has performed over 4 million services since its inception, emphasizing healthier, ultra-hygienic services and socially responsible labor practices [7] Executive Appointment - Lanchi Venator has been appointed as the new Chief Financial Officer, effective immediately, taking over key financing, reporting, and control functions [2] - Venator previously served as Global CFO & Head of Strategy for KFC, overseeing 14 international Business Unit CFOs and driving growth and profitability [3] - Prior to KFC, she held a senior finance role at The Estee Lauder Companies, gaining extensive experience in the beauty industry [3] Compensation Structure - The company announced the issuance of 750,000 options and 650,000 Restricted Stock Units (RSUs) for Ms. Venator, with a strike price of 0.41 cents CDN, representing a premium to the prior day's closing price [6] - Additionally, 545,000 Deferred Stock Units (DSUs) were approved for Board Members collectively, all coming from the existing equity incentive plan [6] - The total options, RSUs, and DSUs represent just over 1 percent of the fully diluted ownership of the company [6] Strategic Vision - The CEO, Tony Tjan, expressed confidence in Venator's ability to contribute to MiniLuxe's vision of transforming the nail care industry [4] - Venator highlighted the potential for value creation within MiniLuxe and her alignment with the company's strategic and financial goals [5]