On another board, there is a strip club owner. She has all the issues you might expect in any business: recruiting, staff loyalty, infighting, no shows, fraternizing, pregnancies, turnover. Then the very good bartender hooked up with one of the dancers. That was the issue she wanted input on.
$120k should be mostly fitup. Anything more than $30k goodwill is excessive.
For the fun of it...Keith