RCI Announces Acquisition of Metro Detroit's Flight Club

avatar for Meshuggah
Meshuggah
HOUSTON, Jan. 22, 2025 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today announced closing on the acquisition of Flight Club, the premier gentlemen's club in the Detroit market, 5 miles from Detroit Metro Airport and 20 miles from downtown, casinos and major sports venues.

The purchase price totaled $11.0 million, consisting of $3.0 million cash and $5.0 million seller financing at 8.0% for the club, and $3.0 million cash for associated real estate. The company expects the acquisition to contribute an estimated $2.0 million in annualized adjusted EBITDA.

https://www.prnewswire.com/new…

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avatar for sinclair
sinclair
🦕 🦕 🦕 🦕
a month ago
Well, the IRS was giving Flight Club trouble about a month or two ago. Alan is 70 years old, and it is an industry in decline. Too bad it is a large corporation taking it over.
avatar for Muddy
Muddy
USA
a month ago
I guess the fun is about to end.
avatar for motorhead
motorhead
Fat, drunk and stupid is no way to go through life
a month ago
Without any knowledge of the financials, my first impression is that $11 million seems really low.

A few of us TUSCL PL’s could have put together and bought the club.
avatar for shailynn
shailynn
They never tell you what you need to know.
a month ago
Will I still be able to listen to Billy Joel songs in the VIP?
avatar for shailynn
shailynn
They never tell you what you need to know.
a month ago
^ You moron. Do you realize this is potentially like Applebee's taking over your favorite local upscale restaurant? This move can potentially ruin one of the best strip clubs in the US.
avatar for stripperlover777
stripperlover777
Baby, Rockin', Sinn & Lust $Strippers
a month ago
👽 RCI Portfolio Is Soooo Massive, There Only Few Other Really Big SC Ownerships Out There Like Penthouse, DejaVu, Larry Flynt Hustler Clubs, Scores, Centerfolds, Spearmint Rhino.
Would Be Interesting Which Of Da' Strip Clubs Makes Da' Most Profits & See Comparison On Locations, Reputation, & Ratings.

avatar for cakecoma
cakecoma
Fuck her right in the pussy.
a month ago
Death to flight club extras. Sad. Silver linings, all those dancers will be found right down the street at BTs and Landing strip
avatar for Sgrayeff
Sgrayeff
In NJ. Goes to Pa for BJ.
a month ago
Might not be the end of all the fun. Read my article Uncovered, Unexpected on this site. That beauty went all the way in one of these corporate clubs. Corporate doesn't mean the girls won't cop your joint. It might be more expensive though.
avatar for skibum609
skibum609
Massachusetts
a month ago
Will they be selling timeshares at the club?
avatar for 3131
3131
a month ago
Hopefully the corporate people let the local manager run things up to local standards. I've never been to a Rick's that I cared for. Hope that changes.
avatar for Dolfan
Dolfan
What did 50 Cent do when he got hungry? 58.
a month ago
The RCI owned clubs here didn't change much upon their acquisition. I mean, they've evolved over the years like other clubs but it's not like RCI came in to Tootsies, Scarlett's, Cheetah or Playmates and totally changed the place. Cheetah was the only one that I recall seeing a significant change in around the transition time, and they actually added a more private room that facilitated more extras.
avatar for twentyfive
twentyfive
Living well and enjoying my retirement
a month ago
^ Vixens in Davie, has actually improved a bit, since RCI squired Scarlets, I wouldn’t say it’s become extras friendly but they have loosened up some.
avatar for Danton
Danton
a month ago
Makes you wonder what will happen to the clubs on 8 mile especially the coliseum . My understanding is that business is very slow and the old penthouse club is not being used. Flight club in the old days was rated in the top 5 consistently. For whatever reason clubs seems to be in decline at least in Detroit .maybe nationally.
avatar for ilbbaicnl
ilbbaicnl
a month ago
ricktheevilcorporation
avatar for nicespice
nicespice
a month ago
Rick’s bought the entire PT chain a few years ago in like 2021 or 2022—in Denver that’s the 2 downtown clubs, Showclub (is it open again?) + Centerfold, and that one location in Glendale next to Shotgun’s. There is also a few other Pt locations in East St. Louis, Portland Maine, and I think Louisville and Indianapolis?
avatar for 8TM
8TM
North America
a month ago
I was there a few months ago and it was fine, they definitely still had some lookers. I didn't see the "downfall" people were talking about.

From my experience, clubs owned by Rick's corporate are just as likely to have extras as not, I don't expect things to change on that front.
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