Gili Villas - Management




	The Directors have been running businesses on Gili Trawangan for the past seven years. They have built and managed a dive school, a bar, two bungalow complexes and 3 private residences, giving valuable experience for this new enterprise. The knowledge gained during this time is immensely valuable with regards to pricing, labour, quality control, design, project management, sales, marketing and customer service. As previously mentioned, you are not just buying a villa but are also buying into a business. The company ‘Gili Villas’ will be responsible for all aspects of running the villas.
	The four villas will be treated as one business. There will be no fixed annual maintenance fees typically associated with such properties. The income and costs from all will be shared and the profit then divided once a sinking fund of 2% has been set aside in an interest bearing account for future repairs. A management fee of 30% will be charged on the net profit and the remaining 70% will be divided between the four villa owners. It is therefore in the best interest of both the management and the owners to maximize occupancy levels and business efficiency.




	Each villa owner will be entitled to a maximum of four weeks free use of their villa a year. While they are in residence they will not receive rental income from the company.


	Each owner will receive management accounts, as well as the rental income earned, one month after the end of each quarter.