Rick's Cabaret International, Inc. signs Houston lease for 5th Bombshells Sports Bar and Restaurant
HOUSTON – January 22, 2014 – Rick’s Cabaret International, Inc. (NasdaqGM: RICK) announced today it has signed a 10-year lease in Houston for its fifth Bombshells sports bar/restaurant.
The new location is an 8,860 square foot building at 12810 Gulf Freeway in south Houston, and is targeted to open this summer. It is about 15 miles north of the Bombshells in Webster, which is expected to open next week, in time to celebrate this year’s pro football championship.
The first Bombshells opened in Dallas in March 2013. Two others are being developed in Austin and Beaumont. The Company’s objective is to have a total of 10 sports bar/restaurants open or in development by year end calendar 2014.
The military-themed Bombshells feature a first class bar and restaurant, live entertainment on an outdoor patio, attractive wait staff, and popular music, from 11 AM to 2 AM seven days a week. The concept is designed to attract lunch business during the day, family dining late day/early evening, and singles and couples at night.
“Our initial Bombshells in Dallas has proven to be a terrific success,” said Eric Langan, President and CEO of Rick’s Cabaret International. “It is attracting a wide customer base, in line with our concept. They like the ambiance, energy and hospitality, and sports fans can watch their favorite teams on more than 70 large, flat screen TVs.”
About Rick’s Cabaret
With 42 units, Rick’s Cabaret International, Inc. (NasdaqGM: RICK) is the leading hospitality company operating adult gentlemen’s clubs and sports bar/restaurants in the US. Adult clubs in New York City, Los Angeles, Miami, Philadelphia, Charlotte, Dallas/Ft. Worth, Houston, Minneapolis, Indianapolis and other cities operate under brand names such as “Rick's Cabaret,” “XTC,” “Club Onyx,” “Vivid Cabaret,” “Jaguars” and “Tootsie’s Cabaret.” Sports bar/restaurants, which also feature live entertainment, operate under the brand names “Bombshells” and “Ricky Bobby Sports Saloon.”
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Forward-looking Statements
This press release may contain forward-looking statements that involve a number of risks and uncertainties that could cause the company’s actual results to differ materially from those indicated in this press release, including the risks and uncertainties associated with operating and managing an adult business, the business climates in cities where it operates, the success or lack thereof in launching and building the company’s businesses, risks and uncertainties related to the operational and financial results of our Web sites, conditions relevant to real estate transactions, and numerous other factors such as laws governing the operation of adult entertainment businesses, competition and dependence on key personnel. Rick's has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances.
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Gary Fishman and Steven Anreder at 212-532-3232 or gary.fishman@anreder.com and steven.anreder@anreder.com