Palm Beach Tan, Inc.
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Palm Beach Tan, Inc. - overview
Established
1990
Location
Farmers Branch, TX, US
Primary Industry
Travel & Leisure
About
Palm Beach Tan, Inc. is a tanning salon chain offering premium tanning solutions, including sunbed and spray tanning services, along with skincare products and wellness supplements to enhance customers' tanning experiences and skin health. Palm Beach Tan, Inc. specializes in providing tanning services and was founded in 1990 in Farmers Branch, US.
The company has undergone changes over the years, including a significant purchase by Chatham Investment Management, which exited its stake in 2010. The current CEO is Diane Lucas. Palm Beach Tan has raised a total of USD 32. 00 mn, all from a BUYOUT funding round completed on June 1, 2010, with Chatham Capital Partners as the investor.
Palm Beach Tan specializes in providing premium tanning solutions through a variety of services, including sunbed tanning and spray tanning. Their core offerings cater to individuals seeking an enhanced skin appearance and an ideal tan, utilizing advanced technology such as their virtual spray tan tool. The company also features a range of products, including the Premier Collection of sunless bronzers, skincare items, and wellness supplements to promote skin health, serving a diverse customer base across multiple geographical markets in the United States. Palm Beach Tan generates revenue predominantly through membership subscriptions and direct service transactions at its tanning salons.
Customers can join membership programs offering various tanning services at competitive monthly rates, which often include perks such as discounted product rates and access to exclusive wellness services. Revenue is also supplemented by direct sales of retail products, including their trademarked Premier Collection bronzers and skincare solutions. The company plans to utilize its recent funding to develop new products, including enhancements to its sunless tanning products, expected to launch in the upcoming fiscal year. Palm Beach Tan is also targeting expansion into new markets, particularly within urban centers across the United States, by 2025.
The recent funding will support these initiatives by enhancing product development and facilitating market penetration efforts.
Primary Industry
Travel & Leisure
Sub Industries
Travel & Leisure
Website
www.palmbeachtan.com
Total Amount Raised
Subscriber access only
Palm Beach Tan, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unspecified Exit | Completed | Palm Beach Tan, Inc. | - | ||||||||
| Buyout | Completed | Palm Beach Tan, Inc. | - |
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