RCI Hospitality (RICK) said Tuesday it acquired Platinum West Gentlemen's Club in West Columbia, South Carolina, for $8 million.
The purchase price includes $3.8 million in cash, $2.5 million in seller financing at 7% for the club and $1.8 million cash for associated real estate, according to RCI Hospitality.
Shares of the company were down 2.9% in recent trading.
Price: 37.91, Change: -1.13, Percent Change: -2.89
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