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If, on the other hand, this Mustang will operate out of and be based in "reality"
If you ask most people on FI the general consensus would be $184,500 /year. If, on the other hand, this Mustang will operate out of and be based in "reality" I would think NBAA Jet II Captain numbers would be the upper end of what's to be expected ($79,688 avg). NBAA hasn't had a big enough sample of Jet I operators respond so there are no numbers published, I would assume the eventual average will be lower than Jet II which I why I say that average may be a little high.
It's been my observation that even though you're doing Manager/Chief Pilot duties you're still paid like a regular ol' Captain if there's not an actual flight department with a few employees and/or more than one airplane.