T.I.P. Sues Over His Scales 925 Restaurant
Well T.I. recently filed court docs against the previous owners of the establishment for allegedly owing him and his business partners $1.7 million after Tip remodeled the location only to find that the previous owners changed the locks.
Scales 925 Atlanta LLC. – the company behind the rapper’s restaurant – filed suit against The Social Life Restaurant Group, The Venue Restaurant Corp. and Tyler Williams. The suit describes the defendants as owners/operators of a poorly run, financial ruined ATL club named Vibe.
Around 2014, the owners approached members of Scales 925 seeking investors, asking for money to pay off their numerous debts and promising a huge return. They invested $1.7 million dollars+ to pay off numerous debts and remodel the entire restaurant and reopen it as Scales 925 in June 2015.
The deal stated Scales 925 would be paid 75% interest in the net profits generated in the future from Vibe’s (or other named restaurant) operations. The defendants maintained 25% control and were responsible for managing the lease, dealing with the landlord and maintenance of all necessary licensing requirements for food and business licenses.
Both parties agreed to close Vibe for several months to significantly makeover the club and plaintiffs spent over $1.6 million to remodel.
SMH…Tip and his partners are asking that the space previously known as Scales 925 be shut down and that the defendants pay $1.7 million along with legal fees.
Y I K E S, this is a mess.
What do YOU think about T.I. suing over Scales 925???
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