Rick’s Cabaret International recently identified the strip club it previously declined to name when it announced it entered into a letter of intent to purchase a club in Florida for $25 million this past October.
Rick’s acquired Tootsies Cabaret in Miami Gardens, FL. Tootsies is an all-nude club that features full bar service. The club boasts that it has 250 dancers and is open seven days a week, offering “full friction” lap dances. Tootsies is large, with 47,000 square feet of space on multiple levels. The gentlemen’s club also has a full restaurant that serves dinner and breakfast (open until 6 AM on weekends) and a five acre parking lot.
Rick’s made the acquisition by paying $15 million in cash and giving the prior owners a $10 million promisory note payable in three years.
Tootsies is the 15th adult nightclub in Rick’s portfolio of clubs across the United States. The deal closed on November, 30th and Rick’s officially took over management on December 1st.