Fees & Considerations
We appreciate the opportunity to provide our terms and fees for the management of Royal Oaks Country Club. Below outlines our proposed structure for consideration:
Management Agreement
Length
Five (5) Years
Financial Compensation
Base Management Fee
1.5% - 3% of Total Revenue .
Incentive Fee
A merit-based incentive of 10% of the year-over-year increase to Net Operating Income, based upon mutually agreed upon metrics
Termination
Early Termination
Termination available after Year 3 with a 120-day notice
Other Considerations
Corporate services are included in the Base Management Fee, provided that a Controller is on staff; If full accounting is desired, KSM an provide for $3,000/month. Operating expenses to be outlined and approved in operating budget. Reimbursable expense, which the owner will approve in advance of travel. Club to receive real-time discounts at time of purchase as well as all applicable rebates. To be included in the operating budget at $10.81 per employee/per month. Corporate services are included in the Base Management Fee; Direct club marketing expenses to be outlined in operating budget. Corporate Services are Included in the Base Management Fee; Ad Hoc Services will be handled by a TBD local 3 party at the Owner’s approval. rd
Accounting Finance
Corporate Travel
Procurement
Payroll
Sales & Marketing
I.T. Services
Included in the Base Management Fee.
H.R. Compliance
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KemperSports | Royal Oaks Country Club
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