Win a Resort FAQs - Resort
Frequently Asked Questions on the Win a Resort Opportunity
Seachange Lodge:
- How big is Seachange Lodge?
- Where is Seachange Lodge Located?
- What if I win but don't want to operate Seachange Lodge as a boutique resort?
- What if I have never operated a resort before?
- Is Seachange Lodge developed to its full potential?
- Will the staff stay with the resort at handover?
- What about forward bookings?
- What if running costs over what is budgeted in the prize?
- What tax rates does Vanuatu have?
- Can I give Seachange Lodge away?
FAQ questions on the Win a Resort
Seachange Lodge is on an acre of prime, absolute prime waterfront real estate, with 6 fully self-contained units, plus the luxurious owner's home. Occupancy averages 70% across the year. There is ample room to expand if you want a larger piece of the tourism pie. Another 7 units could be comfortably added to the property, without losing the wonderful ambience of the place. This is an excellent small boutique Resort, or it can be kept as private holidy home, run as a rental property or simply sold and the Super Draw winner walks away with all the cash.
2.Where is Seachange Lodge Located?
Seachange Lodge is located just five minutes from downtown Port Vila, in the dress circle of one of Vanuatu's tropical islands. Three hours flight North-East of Sydney, Australia. Vanuatu, an 83 island archipelago, is the 'Must See' travel adventure travel destination of the South Pacific. Ideal for those memorable All Inclusive Vacations.
3. What if I win, but don't want to operate Seachange Lodge as a Boutique Resort?
You can either put in a manager, or sell the managemenet rites? Work it in semi-retirement, as your own superannuation scheme. Use it as a private holiday home for you and your family and friends. You can sell it on ebay and walk away with instant cash. You can make it a rental property - always a high demand for long term, quality rental properties in Port Vila. Time to relax and ejoy your investment.The options are endless. No mortgage, no personal income tax to rip away half your income. What a great investment for just Au$49.
4. What if I have never operated a resort before?
Rick and Wendy built Seachange Lodge after retiring from teaching English in Hong Kong. Neither had been in the hospitality industry before. The key is simply being hospitable to your guests - just like a family, but with a business in the background. Rick and Wendy will be around for 6 months as consultants to the business. You also have cash to relocate.
The prize has been specially designed to make it a stress free entrance for the new owners. What a great Superannuation Scheme!
5. Is Seachange Lodge developed to its full potential?
The property could take another seven executive units without disturbing the wonderful ambience that has been created. You should see the magnificent view from the roof of the manager's residence. You would want to build a whole new home for yourself up top and turn the rest to units underneath.
6. Will the staff stay with the resort at hand over?
The staff will stay with the resort, if they want to. However, there are a lot more people than there are jobs, so jobs are coveted. Also there is a really great hospitality training college in Vanuatu. Their graduates are highly coveted.
The nice thing is that in Vanuatu you give jobs to the local people by having gardners and housemaids, whether you have a business or simply a private home.
7. What about forward bookings?
Most people book well in advance for their holiday in Vanuatu. Forward bookings go with the handover. All deposits paid will be credited in the Seachange Lodge bank account at the hand over, unless the new owner does not want to operate Seachange Lodge as a boutique resort - in which case all forward deposits would be returned to the prospective guests.
8. What if the running costs go over what is offered in the prize?
The books have been prepared to Australian standards and an average running costs have been estimated. It is your responsibility if you go over the budget. However, Seachange Lodge is a viable operating business. The running costs in the prize are only a comfort buffer for the new owners and to assist with relocation, or sale costs.
9. What tax rates does Vanuatu have?
Vanuatu is a tax free haven. (Hence the need to raise funds for high school education grants). The only tax you face is VAT (or GDP) tax of 12.5%. The VAT earned on income is offset against the VAT on expenditure.
10. Can I give Seachange Lodge away?
That is entirely up to you. It would make a fabulous present for someone, but full arrangements must be made at the point of hand over with Seachange Lodge owners and YouMe Support Foundation Board of Directors.
FAQs relating to Win a Resort draws and Discount Voucher
Win a Resort Property and General FAQs
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