Formal:
* Bonne nuit et dormez bien. (This is the most common and polite way to say it.)
Informal:
* Bonne nuit, fais de beaux rêves! (Good night, have sweet dreams!)
* Dors bien! (Sleep well!)
* Passe une bonne nuit! (Have a good night!)
You can also combine some of these phrases for a more personalized greeting, like:
* Bonne nuit, fais de beaux rêves et dors bien. (Good night, have sweet dreams and sleep well.)
* Passe une bonne nuit et dors bien! (Have a good night and sleep well!)