Home > News > VCG Acquires 1st Gentlemen’s Club on West Coast • Bookmark   • Newsletters   • Register Search Options

NEWS STORY

VCG Acquires 1st Gentlemen’s Club on West Coast

VCG Acquires 1st Gentlemen’s Club on West Coast
Get XBIZ News
XBIZ Research
Will virtual reality boost the paysite market?
Yes, it will soon
  39.66%
Yes, but in a few years
  36.87%
No
  23.46%
Out of 179 votes. Results based on votes submitted by members of XBIZ.net social network.
Jul 29, 2008 12:00 PM PDT    Text size: 
ANAHEIM, Calif. — Gentlemen’s club operator VCG Holding has purchased Imperial Showgirls in Anaheim, Calif., for $7.3 million.

The acquisition, announced Monday, would be the first for VCG on the West Coast. The public company has 10 clubs in Indianapolis; St. Louis; Denver; Colorado Springs, Colo.; Fort Worth; Dallas; Raleigh, S.C.; Minneapolis; Louisville, Ky.; Miami; and Portland, Maine.

Imperial Showgirls offers nude entertainment but does not serve alcohol. The club also sells adult DVDs at its in-house boutique.

VCG said it purchased the club with cash and seller financing of $3.3 million at 8 percent interest for 36 months.

“We are pleased that we can make acquisitions using seller financing and not diluting shareholders by issuing additional stock,” said Troy Lowrie, chairman and CEO of VCG Holding. “We are very excited to close this acquisition and to have a presence in the West Coast region.”

Lowrie hinted that VCG is planning an additional purchase before the end of the year with a similar financing model.

More ways to get XBIZ News:  RSS Feeds  |  E-Newsletters  |  Desktop Widget  |  Mobile
Looking for porn star news and behind-the-scene videos? Check out XFANZ.com !

OPINIONS & VIEWS

‘Fifty Shades’: A Marketing Phenomenon

The statistics suggest that at its peak, the “Fifty Shades of Grey” book was selling every second on average. Even years after its 2011 debut, the books have entered the all-time bestseller... More »

Avoiding a Crash Landing While Making Changes

Recently I had lunch with Peter, one of the most successful business coaches in Europe. We sat outside at a cafe a few kilometers from the Mediterranean Sea. It was the middle of winter but the clouds... More »

Finding the Right Road to Success

Last month, I wrote about collaboration, surrounding yourself with good people and top-tier service providers and having an alliance group. In past articles, I have written about the “7 Ps”:... More »
XBIZ NEWSLETTERS
Stay informed of the latest industry developments. Get XBIZ newsletters delivered to your inbox. Subscribe today!
Enter email address:

* To manage existing subscriptions click here.






POPULAR PRODUCTS & SERVICES
Submit your press release to
multiple news outlets with 1 click.
Subscribe to RSS news feeds or
add free content to your website.
Access XBIZ news and articles
with your mobile device.
Subscribe to XBIZ Premiere magazine, the industry's leading adult retail trade publications, delivering the most timely and comprehensive business news and information to producers and retailers of adult products.

UPCOMING EVENTS

The European Summit

Mar 04 - Mar 07
Barcelona-Sitges, Spain

The TEA Show

Mar 05 - Mar 06
Hollywood, CA

Phoenix Forum 2017

Mar 23 - Mar 26
Tempe, Arizona

EXXXOTICA Denver

Mar 31 - Apr 02
Denver, CO.
Everyday thousands of business professionals browse XBIZ's industry directory for quality products and services. Not listed yet? Your company could be losing potential new business. Submit your company today!
Use XBIZ RSS feeds to stay informed of the latest industry developments or as a content syndication tool for your website!