MiniLuxe announces new franchise agreement with Sugarcoat

* MiniLuxe Holding (MNLX:CA [https://seekingalpha.com/symbol/MNLX:CA]) announced [https://seekingalpha.com/pr/20246881-miniluxe-announces-new-tampa-franchise-agreement] on Monday a new franchise agreement with the nail care brand, Sugarcoat.
* The company's new agreement is for Tampa's Water Street district in Florida.
* The company said this strategic partnership has aligned with MiniLuxe's focus on scaling efficiently and in an incentive-aligned manner with top owner-operators through joint ventures, franchises, and M&A.
* The company added that its focus in the southeast region of the US is mainly driven by factors such as Florida’s high concentration of nail designers, strong demand for habitual nail care, and centralized ease of access for both consumers and nail designers.

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* Financial information for MiniLuxe Holding [https://seekingalpha.com/symbol/MNLX:CA/income-statement]