FranchiseVerdict
MiniLuxe logo
FV-01641·MODERATEExcellent91

MiniLuxe

Health & Wellness - OtherFranchising since 2024Website
Investment
$548K – $925K
84th pct Other
Avg revenue
$1.2M
43rd pct Other
Royalty
6.0%
16th pct Other
Units
21
53rd pct Other
SBA default

Bottom line

  • Total investment $548K – $925K including a $50K franchise fee, 6.0% ongoing royalty.
  • Average unit revenue of $1.2M/year (median $1.1M). Estimated payback in 4.8 years.
  • Rated MODERATE with a risk score of 62/100.
  • Emerging franchise — only 2 years of franchising with 21 units. Early-stage systems carry higher risk but may offer better territory availability.

Item 1 · who you're contracting with

The Franchisor

Legal entity
MiniLuxe Franchise, LLC
Parent company
MiniLuxe, Inc.
Incorporated in
Delaware
HQ
One Faneuil Hall Square, 7th Floor, Boston, MA 02109
Auditor
Kezos & Dunlavy, LLC
Audited financials
Franchisor revenue
$0
Most recent fiscal year

Yale framework · single-unit ROIC

Returns Analysis

Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.

The model · Yale framework

What would one MiniLuxe unit return on the cash you put in?

Revenue · per unit, per year
$
FDD Item 19 reports $1,173,657
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: personal services
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $548K–$925K
Working capital
$
FDD reports $50K–$75K

Unlevered ROIC · per unit

34%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$270K
EBITDA margin
23.0%
Total invested
$799K
Payback
36 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Levered LBO scenario · Yale Crease Capital framing

What would 25 MiniLuxe units return on equity?

Edit assumptions

Equity IRR · 5-yr

30.3%

3.76× MOIC

Year-1 DSCR

2.66×

EBITDA ÷ debt service

Equity required

$8.1M

on $18.8M purchase

Total debt

$10.6M

SBA $5.0M + senior + seller note

SBA 7(a) request ($9.4M) exceeds the $5M program cap. Excess capped automatically; backfill via conventional or equity.

Overview

About

MiniLuxe franchisees operate upscale nail and beauty studios, delivering premium manicure, pedicure, and related spa services in protected territories. Daily operations involve managing staff, maintaining high-end aesthetics, scheduling appointments, and ensuring consistent luxury customer experiences across a 15-25 location salon model.

CEO
Anthony Tjan
Founded
2024
FDD year
2024
States available
0

Item 7 · what it costs

The Vitals

Total investment
$548K – $925K
All-in to open one unit
Liquid capital
$50K – $75K
Cash you must have on hand
Franchise fee
$50K
Royalty
6.0%
Fixed Percentage · typical 6–8%
Ad fund
1.0%
typical 3–5%
Total fee load
7.0%
vs 9–13% typical
Payback period
4.8 yrs
From v3 / Item 19

Item 19

Financial Performance

Avg gross sales
$1.2M
Per unit, per year
Median gross sales
$1.1M
Item 19 type
Net Sales, Expenses, and Studio Profit
Sample size
19 units
vs category median 12
Range (low → high)
$387K$2.0M
Cohort dispersion
Transparency
10 / 5
vs category median 4 / 5 · above
Revenue rank43th
vs Health & Wellness - Other peers
Investment cost rank84th
Lower investment ranks lower (better)
Royalty rate rank16th
Lower royalty = lower percentile (better)
Unit count rank53th
vs Health & Wellness - Other peers
Risk score rank51th
Lower risk = lower percentile (better)

Item 20 · unit dynamics

The Growth Chart

Total units
21
Opened
2
Last reporting year
Closed
0
Turnover rate
0.0%
Company-owned
21
Corporate units in the system
% franchised
0%
vs corporate-owned
2022
0+2
Franchised units
2023
0
Franchised units
2024
0
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 17 states with active franchisees

The Territory Map

Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 17 states
Not registered

States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.

Government records

SBA Loan Data

Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.

No SBA loan data available for this brand.

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

62
Risk · 0-100
MODERATE62 / 100

MiniLuxe presents elevated risk due to going concern status, minimal unit growth, undisclosed financial performance claims, and questionable unit economics relative to investment size.

Score breakdown · what drove the 62 / 100 rating

  1. 01HIGHGoing Concern status indicates franchisor financial distress or viability questions
  2. 02MINOROnly 21 units with unknown growth trajectory suggests stagnation or contraction risk
  3. 03MEDNo Item 19 (Financial Performance Representations) disclosed limits transparency on revenue claims
  4. 04MINORNet income of $154k on $1.17M revenue (13.1% margin) is modest and may not sustain high investment costs
  5. 05MINORHigh initial investment ($547k-$924k) requires 3.5+ years to recoup at average net income with 6% royalties

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Travel Time
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Restricted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
0
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
Yes
Jury trial waiver
Yes
Non-compete
2 yrs
Post-termination restriction
Owner-operator
Required
Governing law
Massachusetts

Item 11

Training & Operations

Classroom training
38 hrs
On-the-job training
42 hrs
POS system
Zenoti Spa Software
Operating tech stack

Item 20

Franchisee Contacts

Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.

Franchisee contacts

21 numbers

Locked
(410) 576-••••
MD
(651) 539-••••
MN
(617) 542-••••
MA

One-time purchase · CSV download · Validation questions included

FDD download

MiniLuxe · FDD (2024) PDF

Single-page checkout · instant download · CSV export of contacts available separately above