Thank you for your response and pardon my late reply (been a bit under the weather). I appreciate the arrangement with WHG – that they incur all the expenses and SCA reimburses. Am I correct that Mr. Swenson and/or the “small work group” and/or the Board will be interested in how much we are reimbursing for things including, but not limited to, employee salaries? That was the main focus of my original question – are expenses monitored or would we just take them at their word since they “know their business far better than anyone at SCA” that they are paying appropriate market prices and salaries?
In your response, you also mention more than once about being “revenue neutral” within 5 years. I have heard that comment before and am curious if by revenue neutral you mean that in the year that would occur, the SCA homeowners would not have to supplement ANY expenses including but not limited to the $9,000.00 + monthly management fee? If that is not what you mean, can you please tell me your definition of “revenue neutral” as it applies to the restaurant”?
Thank you again for your time.