Profile: RCI Hospitality Holdings Inc (RICK.OQ)
Rick's Cabaret International, Inc., incorporated on December 9, 1994, is a United States-based company, and through its subsidiaries operates around 44 units that offer live adult entertainment, restaurant, nightclubs and bar operations. The nightclubs are operated under the brand name of Rick's Cabaret, including Texas, Minnesota, New York and Indiana. The Company also operates under nightclub brands: Tootsie’s Cabaret in Florida; Club Onyx that cater especially to urban professionals, businessmen and professional athletes. The other brands of nightclubs that the Company owns are XTC Cabaret, Cabaret East, Cabaret North, Silver City, Downtown Cabaret, Vivid Cabaret, Temptations and Jaguars. In addition to adult nightclubs, the Company operates three bar/restaurants in the Dallas/Fort Worth Metroplex as Vee Lounge, Bombshells and Ricky Bobby Sport Saloon. The Company also owns Down in Texas Saloon gentlemen's club in Austin, Texas. It also has interests in media division, including trade magazine serving the adult nightclubs industry. The Company also owns industry trade show, one other industry trade publications and more than 15 industry Websites.
The nightclub revenues are derived from the sale of liquor, beer, wine, food, merchandise, cover charges, membership fees, independent contractors' fees, commissions from vending and ATM commissions, video games, valet parking, and other products and services, including vending and promotion fees. Media revenues include the sale of advertising content and revenues from annual expo convention. For the fiscal year ended September 30, 2013, the Company has consolidated total revenues of $112.2 million and the new clubs acquired contributed $3.5 million of the total revenue. The net income was $9.2 million for the fiscal year ended September 30, 2013.
RCI Hospitality Holdings Inc
10959 Cutten Rd
HOUSTON TX 77066-5003