Rick’s Cabaret International, Inc., announced that it has added another gentleman’s club to its portfolio.
The company acquired Centerfolds Gentleman’s Club in San Antonio, Texas, for a total of $2.9 million. Centerfold’s is a topless club that serves alcohol.
Rick’s already owns two adult nightclubs in the San Antonio market, XTC Cabaret and Club Onyx.
Rick’s, based in Houston, Texas, is a publically traded company (NASDAQ symbol: RICK) with 13 gentlemen’s clubs across the United States. As of this writing Rick’s has a market capitalization of aproximately $33 million dollars. In fiscal year 2005 Rick’s lost $215 thousand on gross revenue of $14.8 million.