of September 30, 2021, we own 51 real estate properties.
−Removed: On 37 of these properties, we operate clubs or restaurants.
−Removed: lease multiple other properties to third-party tenants.
−Removed: Three of our owned properties are in locations where we previously operated
−Removed: clubs, but now lease the buildings to third parties.
−Removed: Six are non-income-producing properties for corporate use, including
−Removed: our corporate office, or may be offered for sale in the future.
+Added: On 37 of these properties, we operate clubs or restaurants, including
+Added: those temporarily closed.
+Added: We lease multiple other properties to third-party tenants.
+Added: Four of our owned properties are in locations
+Added: where we previously operated clubs, but now lease the buildings to third parties.
+Added: Ten are non-income-producing properties for
+Added: corporate use (including our corporate office) or future club or restaurant locations, or
+Added: may be offered for sale in the future.
Eleven of our clubs and restaurants are in leased locations.
−Removed: principal corporate office is located at 10737 Cutten Road, Houston, Texas 77066, consisting of a 21,000-square foot corporate
−Removed: office and an 18,000-square foot warehouse facility.
+Added: Our principal corporate office is located at 10737
+Added: Cutten Road, Houston, Texas 77066, consisting of a 21,000-square foot corporate office and an 18,000-square foot warehouse facility.
+Added: In March 2021, we acquired approximately 57,000-square foot of land across the street from our corporate office.
+Added: We plan to build
+Added: a warehouse on that land in the coming months.
+Added: See Note 15 to our consolidated financial statements.
is a list of locations we operated as of September 30, 2021:
34 unchanged sentences
Bombshells, Spring, TX
−Removed: Bombshells, Houston, TX
+Added: Bombshells Fuqua, Houston, TX
Foxy’s Cabaret, Austin TX
12 unchanged sentences
Bombshells 59, Houston, TX
+Added: Currently closed.
property leases are typically for a fixed rental rate without revenue percentage rentals.
−Removed: The lease terms generally have initial
−Removed: terms of 10 to 20 years with renewal terms of 5 to 20 years.
−Removed: At September 30, 2020, certain of our owned properties were collateral
−Removed: for mortgage debt amounting to approximately $86.7 million.
−Removed: See related information in Notes 7, 10 and 22 to our
−Removed: consolidated financial statements.
+Added: The lease terms generally have initial terms
+Added: of 10 to 20 years with renewal terms of 5 to 20 years.
+Added: At September 30, 2021, certain of our owned properties were collateral for mortgage
+Added: debt amounting to approximately $102.3 million.
+Added: See related information in Notes 6, 9 and 19 to our consolidated financial statements.
Legal Proceedings.
−Removed: the “ Legal Matters ” section within Note 12 to our consolidated financial statements within
−Removed: this Annual Report on Form 10-K for the requirements of this Item, which section is incorporated herein by reference.
+Added: the “ Legal Matters ” section within Note 11 to our consolidated financial statements within this Annual Report on Form
+Added: 10-K for the requirements of this Item, which section is incorporated herein by reference.
Mine Safety Disclosures.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.