Million Dollar Saloon Inc

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International Guild of Hospitality & Restaurant Managers

Million Dollar Saloon, Inc., incorporated on September 28, 1987 , provides management support and conducts its business operations through its wholly owned operating subsidiaries, Furrh, Inc. (Furrh), Tempo Tamers, Inc. (Tempo), Don, Inc. (Don) and Corporation Lex (Lex). The Company conducts business in two distinct areas: owning and operating an adult cabaret and owning and managing income-producing commercial real estate. Furrh provides management services to Tempo, its wholly owned subsidiary. Tempo operates an adult entertainment lounge and restaurant facility, located in Dallas , Texas , under the trade name Million Dollar Saloon. Don owns and manages commercial rental property located in Tarrant County , Texas . Lex owns and manages commercial rental property located in Dallas County , Texas .

Adult Cabaret

The Company, through Tempo, owns and operates an adult cabaret under the name The Million Dollar Saloon, which is its primary business operation. The Million Dollar Saloon opened in 1982 with the intent of establishing a sophisticated entertainment environment focused on attracting a professional clientele. To enhance the club's appeal to its target market, The Million Dollar Saloon offers restaurant and first-class bar service conducive to attracting businessmen and out-of-town convention clientele.

The Company's restaurant operation is a full-service operation that provides business lunch buffets and a full-scale lunch and dinner menu service, offering hot and cold appetizers, salads, seafood, steak and other entrees. A variety of premier wines are offered to compliment a customer's lunch or dinner selection.

The Million Dollar Saloon maintains a European atmosphere through its Italian decor and other customer-related amenities. The furniture and furnishings in The Million Dollar Saloon are meant to create the feeling of an upscale restaurant. The club offers a gourmet menu, two cigar humidors and an extensive champagne and wine list. The sound system design provides sound at levels that allow conversation to take place. The Million Dollar Saloon also provides a light show.

To emphasize service for the upper-end of the business market, the Company maintains a VIP mezzanine encompassing the upstairs area of The Million Dollar Saloon facility. The VIP area is opened to individuals who pay an increased daily admission charge or purchase annual or lifetime memberships. The VIP area provides a higher level of luxury in its decor and more personalized services. The VIP area consists of approximately 1,800 square feet for food and entertainment purposes and has an occupancy of 100 persons. Catering to the upscale VIP customer, this area includes The Champagne Room, which is accessible for an additional fee. The downstairs club and dining area consists of approximately 4,500 square feet for entertainment purposes and can accommodate 250 persons. The lower level also offers The Blue Room, an area for bachelor and other private parties.

Income-Producing Commercial Real Estate

The Company owns three income-producing commercial properties, which house adult entertainment nightclubs in the Dallas-Fort Worth geographic region. One facility is Company-operated, The Million Dollar Saloon, and the other two are subject to long-term lease agreements, 100% occupied with a single tenant and physically located in geographic areas suitable for their use. The Company-operated Million Dollar Saloon is located in North Dallas , and consists of a 9,750-square-foot building located on an approximately 25,500-square-foot tract of land.

The remaining two properties are leased to affiliates of the Company that also operate adult entertainment nightclubs in the facilities. All of the properties are stand-alone structures and are not subject to any plans for renovation, remodeling or other significant improvement.

Disclaimer:
The data included within the Financial section is solely for information and does not construe a recommendation and/or endorsement by IGHRM or its members to invest funds with any of the companies listed. You are strongly urged to obtain professional advice with qualified individuals or corporations for any investments of funds.