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October 25, 2021

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Too Orangey For Business

‘Country’s Leading’ Bar Enterprise Buys Well known Newburgh Business

A organization that promises to be the “country’s top corporation in gentlemen’s golf equipment and athletics bars/dining places” acquired a well-liked Hudson Valley business.

On Wednesday, RCI Hospitality Holdings, Inc. announced the signing of definitive agreements to purchase The Mansion Gentlemen’s Club and Steakhouse of Newburgh and its true estate.

The Mansion which was fully renovated in 2018 has been in organization for 9 many years and is the only gentlemen’s club with a liquor license in Orange County, officers say. RCI Hospitality Holdings says Orange County is a single of the fastest-escalating counties in the state.

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“Thought is $500,000 in dollars and $1. million in 4.00%, 7-year seller funding for the club and $2. million for the actual estate. Closing is subject to customary circumstances for transactions of this sort, together with the transfer of all vital permits, licenses, and other authorizations, and is now predicted to come about inside close to 90 times,” RCI Hospitality Holdings wrote in a press launch.

The organization did not announce its strategies for the preferred Newburgh business enterprise as soon as the sale is formal.

According to the organization, RCI Hospitality Holdings is the “country’s top business in gentlemen’s clubs and sports bars/places to eat.” RCI Hospitality Holdings operates in excess of 40 firms throughout the state beneath brand name names these types of as Rick’s Cabaret, XTC, Club Onyx, Vivid Cabaret, Jaguars Club, Tootsie’s Cabaret, and Scarlett’s Cabaret. Sports bars and eating places function beneath the brand name Bombshells Cafe & Bar.

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