HOUSTON, May 5, 2022
/PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) today
announced the signing of the second franchise development agreement
for Bombshells Restaurant & Bar. Terms call for the opening of
three locations over five years in Alabama, the first being in Huntsville.
The agreement was signed with a newly formed entity established
by hospitality entrepreneur Jerry
Westlund of Nashville, who
owns 30 nightclubs, bars and restaurants in 12 states, many of them
in the South.
Mr. Westlund, Managing Partner of BMB Huntsville LLC,
said, "We're proud to be the first to bring the Bombshells
military-themed, restaurant-sports bar concept to Alabama, home to Redstone Arsenal, Fort Rucker, Maxwell Air Force Base, and more
than 400,000 men and women who have served our country. Bombshells
attracts singles, couples, and families, including millennials.
With its large, distinctive design, you can't miss it."
Eric Langan, Chairman,
President & CEO of RCI Hospitality, said, "We always wanted
our first franchise agreement outside of Texas to be with an operator that has deep
industry knowledge and experience and a location that would have
deep appreciation for the Bombshells concept. We believe Jerry and
Alabama are perfect for
Bombshells."
David Simmons, RCI
Management's Director of Restaurant Operations, said, "We have
spent nine years carefully developing a successful and repeatable
concept. Today's agreement is another major step forward for our
brand, company, and every person involved in our march to bring
Bombshells to new markets across America."
RCI subsidiaries own 11 Bombshells in Texas with more under development. Sales for
the 12-months ended in March 2022
totaled more than $60 million. The
first franchised location is expected to open soon in San Antonio.
Media Note: High resolution photos are available.
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,
http://www.bombshellsfranchise.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,
including, but not limited to, the risks and uncertainties
associated with (i) operating and managing restaurant businesses,
(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, 2021, 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