SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(D) OF
                       THE SECURITIES EXCHANGE ACT OF 1934

                        DATE OF REPORT: NOVEMBER 27, 2000

                       RICK'S CABARET INTERNATIONAL, INC.
         (EXACT  NAME  OF  REGISTRANT  AS  SPECIFIED  IN  ITS  CHARTER)

           TEXAS                         0-26958                 76-0037324
(STATE OR OTHER JURISDICTION     (COMMISSION FILE NUMBER)      (IRS EMPLOYER
OF INCORPORATION OR ORGANIZATION)                            IDENTIFICATION NO.)

                            505 NORTH BELT, SUITE 630
                              HOUSTON, TEXAS 77060
          (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, INCLUDING ZIP CODE)

                                 (281) 820-1181
            (REGISTRANT'S  TELEPHONE  NUMBER,  INCLUDING  AREA  CODE)



Item  2.     Acquisition  or  Disposition  of  Assets


     On  November  27, 2000, we  acquired the Chesapeake Bay Cabaret, an upscale
gentlemen's  club  located just minutes from the NASA Space Center and Houston's
Hobby  Airport.  The seller and landlord is WMF Investments Inc. The transaction
was  completed  once  all  licenses  and  permits had been granted and issued to
Rick's.  Rick's management had been operating the club under an agreement signed
in  May  which  granted  Rick's  the  right  to  manage  the  business until the
completion  of  the  acquisition.

     The  purchase  price for business of the Chesapeake Bay Cabaret was 160,000
restricted  shares of Rick's common stock.  We also entered into a 10-year lease
agreement  between  Rick's  and  WMF  Investments.  The  lease  grants Rick's an
additional 10-year option for the property and the building where the Chesapeake
Bay  Cabaret is located.     The initial lease payment is $12,000 per month plus
4%  of  gross  revenues  exceeding  $125,000  per  month.


     In  the  event  that on August 6, 2001, the average closing price of Rick's
common  stock for the sixty (60) days prior to August 6, 2001 is less than $5.00
per  share  then  we will be obligated to pay by making a promissory note to the
seller an amount equal to the lesser of (i) $250,000.00 or (ii) $800,000.00 less
the  market  value  of the 160,000 shares.  Such a promissory note would have an
interest  rate  of  10%  per  annum  and  108  monthly  payments.

     This  transaction  was  the  result  of  arm  length  negotiations  between
the  parties.  However,  no  appraisal  was  done.


Item 7.      Financial  Statements  and  Exhibits

     (a)     Financial  Statements

             None.


     (b)     Exhibits

     10.1    Lease
     10.2    Asset  Purchase  Agreement



                                   SIGNATURES

     Pursuant  to  the  requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report on Form 8-K to be signed on its behalf by
the  undersigned  hereunto  duly  authorized.

                                          RICK'S CABARET INTERNATIONAL, INC.


                                          By:  /s/  Eric Langan
                                          --------------------------------------
Date: November 29, 2000                   Eric Langan
                                          President and Chief Accounting Officer