Brief: Rci Announces Definitive Agreements To Acquire Five Adult Nightclubs In Texas

RCI Hospitality Holdings

13/12/2022 15:10

Dec 13 (Reuters) - RCI Hospitality Holdings Inc
 RICK.O :
    * RCI ANNOUNCES DEFINITIVE AGREEMENTS TO ACQUIRE FIVE ADULT
NIGHTCLUBS IN TEXAS
    * RCI HOSPITALITY HOLDINGS INC - CONSIDERATION TO BE PAID
FOR ALL
TRANSACTIONS TOTALS $66.5 MILLION
    * RCI HOSPITALITY HOLDINGS INC - EBITDA CONTRIBUTION OF
APPROXIMATELY $11 MILLION IS EXPECTED IN FIRST YEAR
    * RCI HOSPITALITY HOLDINGS INC - ONCE REMODELING AND
EXPANSIONS
ARE COMPLETE, EBITDA IS EXPECTED TO GROW TO $14-16 MILLION
ANNUALLY

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