RCI Announces Acquisition of Platinum West Gentlemen's Club in West Columbia, SC [Yahoo! Finance]
RCI Hospitality Holdings, Inc. (RICK)
Last rci hospitality holdings, inc. earnings: 2/27 04:10 pm
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US:NASDAQ Investor Relations:
rcihospitality.com/investor/default.aspx
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Source: Yahoo! Finance
Gentlemen's Club in West Columbia, South Carolina, the only upscale adult nightclub in the central part of the state. The purchase price totaled $8.0 million, consisting of $3.75 million cash and $2.5 million seller financing at 7% for the club, and $1.75 million cash for associated real estate. The purchase price is in line with RCI's acquisition valuation target of 3-5x annualized adjusted EBITDA for a club and fair market value for its real estate. Eric Langan, President and CEO of RCI Hospitality Holdings, Inc., commented: "This is another exciting acquisition. It fits in well with our other high-end clubs and is the second club purchase since the recent launch of our 5-Year ‘Back to Basics' Capital Allocation Plan." "Platinum West is a well-established business with a seasoned management team. It adds to our six other clubs in Southeast states and should benefit from our marketing, purchasing, and systems know-how." The 10,000 square-foot establishment located at 1995 Old
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RICK
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RICK
Earnings
- 2/10/25 - Beat
RICK
Sec Filings
- 12/15/25 - Form 8-K
- 12/15/25 - Form NT
- 12/10/25 - Form 3
- RICK's page on the SEC website