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Paul Fields is a principal of Restaurant
Development Services, Inc and Restaurant Financial Services, LLC. He has more
than 25 years of experience in finance, real estate and restaurant
transactions. Mr. Fields received a Bachelor of Science degree
in Business Administration from Ithaca College, Ithaca, New York, in 1979.
After spending one year in the aviation industry, he was accepted to the
graduate program in Real Estate and Urban Development at The American
University. He received a Master of Science degree in June of 1982. In 1984, he joined the mortgage banking firm of
Walker & Dunlop. There he was responsible for making real estate loans on
behalf of institutional lenders such as insurance companies and pension
funds. Mortgage banking gave Mr. Fields the skills necessary to effectively
represent the interests of institutional investors in the finance process. In 1988, Mr. Fields formed Windgate Properties,
Inc., which specializes in commercial mortgage brokerage and sales. The
general real estate and mortgage practice quickly turned into a restaurant
leasing boutique. Windgate placed several highly visible restaurant deals in
Washington, DC, among which were I Matti, Pines of Florence and Star Of Siam.
In the process of preparing restaurant tenants for presentation to landlords,
business plan preparation and financing developed into distinct services
provided by Windgate. In 1989, Mr. Fields became a founding partner
with master chef and restaurateur Roberto Donna in I Matti Restaurant. He was
involved in all phases of the development process including finance, design,
and liquor license application. Mr. Fields was also an equity owner in
Roberto's extremely successful Il Radicchio, a chain of low price-point pasta
restaurants. He placed the financing of most of the units and was the
contract CFO for several years. To fill the obvious need for consulting and
financing services, Mr. Fields formed Restaurant Development Services, Inc.
in April 1994. The consulting division worked with restaurateurs on strategic
planning and preparing business plans in the start-up, expansion or emerging
growth phases of the restaurant development process. Financial services
include debt as well as private placements. In January 1998, Mr. Fields joined Sam &
Harry's as Chief Financial Officer. The fine-dining steak house development
and management company grew from two units to five within four years. As CFO,
he directed an institutional debt placement of $4,500,000. Mr. Fields was
responsible for all day-to-day financial functions including accounting,
budgeting, administration and cash management, as well as all administrative
and human resources tasks. Returning to Restaurant Development Services in
February 2002, Mr. Fields adds his experience as Chief Financial Officer to
the services previously provided. Current contract CFO assignments include
Austin Grills, Inc., Zaytinya, Jaleo, Oyamel and Cafe Atlantico. Restaurant Financial Services, LLC was formed by
Mr. Fields in 2006 to provide specialized bookkeeping services to restaurant
companies. He developed procedures to allow restaurant owners to concentrate on running
their restaurants. The full-charge bookkeeping services include data entry,
accounts payable processing, payroll oversight, general ledger entry,
fixed-asset maintenance and periodic reporting to municipal agencies. Mr. Fields' other activities include education
and charitable work. He was an adjunct professor of business administration
at L'Academie de Cuisine in Bethesda, Maryland for 11 semesters and continues
to speak on such topics as restaurant financing and financial statements. Mr.
Fields is involved in the task of combating hunger. He is on the board of
directors of both DC Central Kitchen and Campus Kitchen Project Mr. Fields
lives with his wife, Karen, and twins, Noah and Remy, in Bethesda, Maryland. Anna Harris Ghen brings wide international
experience to Restaurant Development Services, Inc. Having resided in Europe
for many years, she received a Bachelor of Science (Hons.) degree from the
University of Bristol (UK) in Pharmacology with Study in Industry. She has
considerable retail and restaurant experience and she currently lives with
her husband and two cats in Springfield, VA. |