Actually I was referring to the highly "cash based" nature of the transactions occurring in these adult entertainment establishments. Which presents ample opportunity for the management to "skim" a little off the top.
You are correct, though in your estimation of just who does make the most money in that "industry". When the markups on booze ar 6-7 times the RETAIL price and with a cover charge for everything...$20 at the door, $50 to get in room X, etc. plus the club's take of the "ladies" earnings. There is an awful lot of cash flowing about. I hear some clubs have a $20 charge to use the ATM machine!
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.