David Arquette Mo Money, Mo Girls Buys Legendary Strip Club

9/2/2014 12:40 AM PDT

David Arquette -- Mo Money, Mo Girls ... Buys Crazy Girls Strip Club


David Arquette
is stone cold pimping for real now ... adding Hollywood's famous Crazy Girls strip club to his portfolio with a $1.5 million purchase.

TMZ broke the story ... David's been in negotiations to buy the classic club for the last 3 weeks - with the former owners originally asking for $1.7 million.

However, David held firm to his number and eventually won out, taking over control of the building ... and everything in it -- couches, chairs, bars, and of course ... plenty of poles.

We're told David plans to completely remodel the club in order to create an upscale burlesque show with an old school Hollywood feel ... the kind of act that would attract big money spenders.

David's no stranger to the night life ... already owning a piece of two of Hollywood's hottest clubs, Hooray Henry's and Bootsy Bellows.