Tuesday, April 24, 2007
Rick’s Cabaret buys Fort Worth gentleman’s club for $7.4 million
Photo not provided by Rick's Cabaret
The club hopes to recoup the cost by introducing $900 lap dances
FORT WORTH — According to this story in the Dallas Business Journal, it appears Houston-based Rick's Cabaret has purchased the 12,000-square foot New Orleans Nights for $7.4 million.
Rick's is paying $4.9 million in cash for the club, and an additional $2.5 million for the building and land. The new erotic entertainment center will be re-named Rick's Cabaret, and expects to bring in $4 million annually in revenues.
Posted by Todd M.
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