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RICK - RCI Hospitality acquires Heartbreakers Gentlemen's Club
RCI Hospitality Holdings Inc.
RCI Hospitality ( NASDAQ: RICK ) has acquired the Heartbreakers Gentlemen's Club, and its associated real estate.
Established in 1986, Heartbreakers is an adult entertainment venue in Galveston, Texas area.
RCI subsidiaries ( RICK ) acquired the 5-stage, 23,000 sq ft Heartbreakers club and property at 3200 Gulf Freeway, Dickinson, Texas for $4M in cash and $5M in a 15-year, 6% real estate seller financing note.