Mr. Stern,
I have recently obtained two documents outlining the plans for the restaurants’s future. The first document is two pages titled, “General Restaurant Start-Up Consulting Agreement” signed by Paul Perlstein on May 10, 2022. It appears that this agreement becomes effect 90 days before the restaurant opens. The one sentence that caught my attention was “WHG (Western Hospitality Group) shall provide services at an hourly rate of $200.”
The second document is 40 pages titled “Food And Beverage Management Services Agreement” signed by Paul Perlstein on May 10, 2022. It should be noted that a representative from WHG signed these two documents on May 23, 2022. It appears that this agreement begins when the restaurant opens. The one sentence in this document that caught my attention is on Page 11, “SCACAI will pay WHO $9,000.00 (“Basic Monthly Fee”) per month as compensation for WHO’s performance of its obligations pursuant to this Agreement”. This fee will increase by 3% each year beginning on January 1, 2024.
I recommend that everyone who is interested in the future of this restaurant obtain a copy of these two documents. They can be obtained by filing the proper paper work from the front office, or I will be happy to let you copy my documents.