HOUSTON, Dec. 23, 2020 /PRNewswire/ -- RCI Hospitality
Holdings, Inc. (Nasdaq: RICK) today announced the signing of the
first Franchise Development Agreement for Bombshells Restaurant
& Bar. Terms call for the opening of three locations over five
years in San Antonio, TX, and the
right of first refusal for three more locations in Corpus Christi, New
Braunfels, and San Marcos,
also in Texas.
The agreement was signed with a newly formed entity established
by six Houston-based private
investors who have extensive experience in retail and hospitality,
as well as multiple other industries. This experience includes
franchise management and restaurant ownership.
With the San Antonio agreement,
Bombshells will be in the four largest cities in Texas. The brand currently has 10
company-owned locations: eight in the Houston area and one each in Dallas and Austin. Bombshells recently announced plans
for 10 more company-owned locations, initially targeting additional
units in Houston and Dallas and sites in South Florida.
Nick Mehdi, the member of the
investor group who will manage the San
Antonio franchise, said: "We believe Bombshells
is a significant entry into the market for modern sports bar
restaurants. It appeals to singles, couples, and families,
including millennials; does a strong lunch, dinner and late-night
business; and with its large, distinctive design and outdoor patio,
has demonstrated its ability to do well and operate safely through
the pandemic."
Eric Langan, Chairman,
President & CEO of RCI Hospitality, said: "We always wanted
our first franchise agreement to be with a multi-unit operator that
has deep industry knowledge and experience. We are extremely
impressed with the skills, resources, and overall resume of our
first franchise group. We believe in their ability to help build
Bombshells into a sizeable chain."
David Simmons, RCI
Management's Director of Restaurant Operations, said: "We have
spent more than seven years carefully developing a successful and
repeatable concept. Today's agreement is a monumental step for our
brand, company, and each person involved in the development of
Bombshells. It is also the first step in our quest for more
multi-unit operators to expand Bombshells into new markets." Visit
http://www.bombshellsfranchise.com to inquire about business
opportunities.
About Bombshells
Bombshells Restaurant & Bar is a fast-growing,
military-themed casual dining chain with a focus on sports and fun.
The restaurants come alive with their large, hangar-like interiors,
outside patios, Bombshells Girls with military inspired uniforms,
big flat screen TVs, DJs, and energetic atmosphere. Attracting
singles, couples, and families, the concept does a strong lunch,
dinner, and late night business, featuring a scratch kitchen and an
extensive food and drink menu. Visit http://4bombshells.com
or http://www.rcihospitality.com.
Forward-Looking Statements
This press release may contain forward-looking statements that
involve a number of risks and uncertainties that could cause the
company's actual results to differ materially from those indicated
in this press release, including, but not limited to, the risks and
uncertainties associated with (i) operating and managing a
restaurant business, (ii) the business climates in cities where it
operates, (iii) the success or lack thereof in launching and
building the company's businesses, (iv) cyber security, (v)
conditions relevant to real estate transactions, (vi) the impact of
the COVID-19 pandemic, and (vii) numerous other factors such as
laws governing the operation of restaurant businesses, competition
and dependence on key personnel. For more detailed discussion of
such factors and certain risks and uncertainties, see RCI's annual
report on Form 10-K for the year ended September 30, 2020 as well as its other filings
with the U.S. Securities and Exchange Commission. The company has
no obligation to update or revise the forward-looking statements to
reflect the occurrence of future events or circumstances.
Media & Investor Contacts: Gary Fishman and Steven
Anreder at 212-532-3232 or gary.fishman@anreder.com and
steven.anreder@anreder.com
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SOURCE RCI Hospitality Holdings, Inc.; Bombshells Restaurant
& Bar