11:04 AM EDT, 04/08/2025 (MT Newswires) -- 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 ( RICK ).

Shares of the company were down 2.9% in recent trading.

Price: 37.91, Change: -1.13, Percent Change: -2.89