Tuesday, May 13, 2008 , Updated
Houston-based Rick’s Cabaret buys Dallas adult nightclub Platinum Club II
Houston-based Rick's Cabaret International Inc. will buy Dallas adult nightclub, Platinum Club II, for a total cost of $7.5 million. It will pay $1.5 million for the Platinum Club II and also acquire the accompanying real estate for $6 million. According to the Houston Business Journal, the club will be "rebranded" as a Club Onyx and cater to African-American men.
The club currently generates about $4 million to $5 million in annual revenue.
It's the second Dallas club recently acquired by Rick's, which company purchased The Executive Club on April 16 for $9.5 million.
Posted by T.G.
|
Email
|
Print
|
Comment
|
Tell us your story
|
- »Lanes on Harry Hines closed Monday night for Orange Line construction
- »Dallas frozen yogurt meltdown: Yolatte on Royal Lane in Dallas
- »Southwest Airlines delivers comfort kits to Americans displaced by disasters
- »A male Yorkie mix is missing in the Irving area
- »Loop 12 at SH 114 in northwest Dallas to be closed all weekend for repairs
-
»Dallas-based Broadlane acquires Healthcare Performance Partners
-
»Dell to acquire Plano-based Perot Systems for $3.9 billion
-
»Dallas-based Southwest Airlines develops bid proposal to buy bankrupt Frontier Airlines
-
»Denton and Coppell community banks to merge
-
»Dallas-based Aerus Holdings acquires EcoQuest International
|
an event
|
a restaurant
|
|
a garage sale
|
a drink special
|
|
a movie showtime
|
local music
|
a job
|
a house
|
|
a deal
|
a pet
|
