Raleigh >Planet Beach at North Hills beside Kerr Drugs -NOW OPEN!
Planet Beach IPO.
Did you know that Planet Beach was going public?
I'm not sure why the information that I'm about to share with you was not disclosed by the Franchisor to it's franchisees but I'm sure they have a good reason.
Listed below are some highlights that and investor would certainly find interesting. You may also review the entire IPO Filing documents at www.sec.gov/Archives/edgar/data/1081899/000095012310031818/h69192sv1.htm
Proposed offering is $28 million
As of December 31, 2009, Planet Beach had $53,810 in cash equivalents
As of Jan 15, 2010 there are 345 salons open
Operating revenues in fiscal 2009 was $13.3 million,
decrease of $11.7 million, or 47%, from 2008
PlanetBeach had net losses of $708,000 for 2009
PlanetBeach had net losses of $758,000 for 2008
PlanetBeach had net losses of $325,000 for 2007
Steve Smith annual income for 2009 = $242,813
Richard Juka V.P. annual income for 2009 = $185,625
Mr. Juka the V.P is entitled to receive a monthly bonus of 5%
of the net profit of the company's equipment department
Mr. Juka the V.P. does not pay the 6% royalty fee that everyone else pays under our current franchise agreement
Loan Schedule Shown Below - $3.2 Million Dollars in debt.
Lender Amount Date Interest Rate
Capital One Bank $840,000 Mar-27 6.54%
SBA $591,000 Jun-27 5.79%
Whitney National Bank $619,000 Jul-12 8.25%
Former Stockholder $46,000 Nov-11 0.00%
New Sunshine LLC (Parent Company of ETS, Inc) $516,000 Apr-12 7.00%
JTL Enterprises, Inc. (Hydration Station) $42,000 Mar-13 7.00%
MT Industries, Inc. $174,000 Mar-13 7.00%
OL Products, Inc. $234,000 Jan-13 7.00%
Leaf Funding, Inc. $94,000 Jul-12 3.47%
Irvine Company LLC $17,000 Aug-11 7.00%
Stephen P. Smith $50,000 Jun-10 5.00%
My Triple Spa Experience. I have been to alot of Spa's and Tanning place in my lifetime. I work in the North Hills area, and I was walking by one day and I noticed Planet Beach Contempo Spa. I have never heard of a contempo spa, so I went inside and from the first second I walked through that door, they treated me with the best care, and made me feel like family. I was interested in the teeth whitening, as well as thier hydration station. They have something call the triple spa experience, and can I say that I have never felt so pampered in my life. I have never really heard about the hydration station, or their whiter image teeth whitening. Those spa associates went out of their way to make me feel confortable about my experience. I even made an appointment to come in later that week, but I forgot, but they even called me, to make sure I was doing good, and to rebook me for an appointment. I like how they take the guess work out of everything, so all I have to do is go in, relax and take my mind off of everything else. I want everyone to go by and just take a break and relax, it will be the biggest treat you'll give yourself.
WORST tanning bed EVER. Worst Tanning bed ever! Horrible bussiness ethics, Does not care about clientale. Inconsiderate and would never work with them agian!
We care that you are upset with us. We encourage you to come into the Spa so we can make right whatever has upset you. We have 5 levels of tanning including one of the newest High Pressure beds in the city and an incredible 10 minute lay down bed. We also have state of the art Mystic Spray tan, a massage bed and we just added Teeth Whitening. Our equipment is always in excellent working order, spotless and we change bulbs all the time.
BEST SPA IN THE AREA. I'm a Regional Director over six apartment communities throughout the Raleigh/ Durham area. I have worked with the North Hills/ Raleigh, and South Square/ Durham Planet Beach locations on many events for a while now. Residents from all of my communities rave about this place, and say that they wouldn't go anywhere else. They love the clean atmosphere and the way their outstanding staff treats them, you know just like family. I'm so excited that I have communities all around these locations, it good for me when traveling from location to location because I'm able to tan and receive spa services at these location. It nice to see people that enjoy their jobs, and you can feel that when you first walk in. I think something as small as receiving a Thank You card in the mail from Planet Beach just shows, me and everyone else that they really do care about their customers. Ya'll Rock!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Outstanding Spa. I have been a member of Planet Beach Spa for about 3 years now. I have been a member at the South Square location in Durham, N.C. until recently when I moved to the North Raleigh area for work. Since moving to the North Raleigh area it is more convenient for me on my lunch break to go to the North Hills location. I have extremely enjoyed the outstanding customer service I have received while receiving services at these locations. The manager over their named Candace is a very caring and knowledgeable individual that provides the best customer service that anyone can ask for. When I first started out as a member at the South Square location, me and a couple of girlfriends went in just for a spray tan, and ended up becoming members. I have never been more satisfied with the service I've received by Candace and her employees at all three of her locations. I like being a member at a place that I feel important, and being a member at Planet Beach has been a worthwhile experience for me. Some people might assume that Spa's only have employees that try to get you in and out the door as quick as possible, but the entire caring staff walked me step by step through the process of getting the best out of my experience. I was giving an exciting tour of the spa, and was surprised to see how far spas have come since I was in college. If I have ever had a question about the spa services, spa products, and other random questions, they took the time to help me understand what was best for the outcome I was looking for. I suggest that if anyone is looking for a great place to relax and enjoy themselves, I would say that the Planet Beach in North Hills and Brier Creek, In Raleigh and South Square in Durham are a great place to go. I was nervous at first only because I have not gone to a place like this is 5 years; I have enjoyed their new modern technology, their outstanding staff, clean environment, and my outstanding results. I would not introduce this spa to my co-workers, family, and friends if I thought that their experience was not going to be good. Everyone that I have invited to go with me, or people that I sent over there, cannot stop talking about this place. This place makes you feel like you are a celebrity at spa in Florida or California.
BAD EXPERIENCE BIG MISTAKE. THE WORSE EVER!! six forks is new and is without a doubt the poorest run tanning salon i have EVER been in. Staff hates people in general. They make you feel like you ruined their day by just showing up especially the owner shes sketchy. I hated it. Its depressing. They do not appreciate your business. Go somewhere else! Im glad to be finished here. Live and Learn!
BEWARE OF NORTH HILLS LOCATION (CON ARTIST). I have been to several planet beaches throughout the US and I can tell you this one is a disgrace to the Planet Beach name. The lady that owns this place is snooty as all get out. Man, she is rude and she will say whatever she needs to say to get your business but let me tell you, you better get it in writing. if it sounds too good to be true, it is. I was taken and mislead too but never again. Other locations were great i still go to planet beach just not this one.
Ive Tanned at 3 of the Planet Beaches and....... Ive tanned at the location on Falls of Neuse, Edward Mills and North Hills and North Hills is obviously the best. The people at Falls are rude, Edward Mills never has any beds available and North Hills is amazing. The staff there is so friendly and informative and Ive never had a bad experience there and it's actually a bit cheaper than the location at Falls.
Love the Spray Tan. I really like the spray tan here. I can walk in usually without an appt. and have a very short wait. The facility is very clean and the people are friendly. I have learned to cover my feel with the cream before the session starts and that helps me get even results.
Ladies...I have found it!.
I am a Mom of 4 and am very very busy. I found this little store called Planet Beach the other day. I drop my kids off at school then go enjoy their relaxing steam massage bed, revitalize my face (yup, I was getting some wrinkles and this is helping a great deal) and then I get some color in their spray booth. Takes about 30 minutes.....I wish I could stay longer! I come out feeling and looking so much better. I am ready to take on the world. I find the staff knowledgeable and very friendly. It's also very affordable. LADIES YOU GOTTA CHECK THIS PLACE OUT!!
Thanks Planet Beach
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