FRACTIONAL YACHT / SHARED CATAMARAN OWNERSHIP

Ownership Redefined For The Sharing Community: Sharing Is The New Owning!

Our current ideal of owning as much “stuff” as we can and of over consumption is being replaced with a new ideal of shared use and ownership. It gives people access to a lifestyle that they otherwise might not be able to afford, and it reduces waste. Imagine owning and sailing your own luxury catamaran for less than 20% of what conventional yacht ownership or bareboat charter would usually cost you! Not only does it save you money but it eliminates the waste of an asset sitting idle for months, collecting dust AND problems. 

That is exactly what this program is designed to do! Fractional or Shared Yacht Ownership gives you the opportunity to enjoy the benefits of yacht ownership for a fraction of the cost of conventional ownership or even charter! Shared yacht ownership is exactly what it sounds like—you buy a share or fraction of a yacht. It is not a timeshare where you only purchase the rights of usage for a certain amount of time and end up with nothing when the term expires. With shared ownership you legally own the fraction of the asset and hold the title to the yacht.

It holds the answer to hassle-free and financially smart boat ownership. It’s a simple concept— up to five co-owners can enjoy the benefits of owning a yacht while splitting the cost of the vessel and its management. It is the simplest way to realize your sailing dreams sooner than you otherwise could and with the least hassle. You can use the yacht as you like and your preferred holidays are always available for you.

Shared Catamaran Ownership is Appealing But…

People have been forming partnerships to co-own expensive assets for a long time, but until now they have had to figure out the logistics themselves. The benefits of shared ownership are very appealing, but it’s been too cumbersome for most to set up. Finding the right partners, setting up partnerships, and managing the logistics of owning a shared asset can be time consuming and difficult. We have created a program that makes the entire process easier and makes shared ownership available to everyone.

Fractional / Shared Yacht Ownership Structure

Number Of Owners

Up to five owners each buys a share in a luxury yacht at a fraction of the cost. Unlike timeshare programs where you do not own the yacht and end up with nothing at the end, this program ensures that you have an equity stake in the yacht and hold title of the vessel. We limit the shares to only five owners per boat or less. That way all owners are guaranteed to get equal time. Because owners of fractional shares involve direct ownership, each user has greater control over how the boat is used and maintained and where it is located.

Duration Of The Program

Duration of the program is 7 years. The boat will be sold at the end of the program. Upon the sale of the asset, the owners recover a percentage of their initial cost and will be proportionally refunded from the net proceeds. The owner is free to sell their ownership interest at any time. Since fractional yachts are well maintained and serviced, the value of each owner’s share may not devalue as rapidly as an average yacht’s value.

Owner Weeks & Cost Per Share

Partners own 20% of the boat in an LLC, boat is financed, and chartered through a charter company based in the British Virgin Islands or Bahamas. Partners get to use it two weeks a year plus anytime it’s not booked within 30 days out for a total of 10-15 weeks for the duration of the program.  Each week retails for $12K which is waived. Partners only pay cleaning and insurance and variable weekly costs.

Fractional Yacht Owner Use

Owner use is shared equally between the owners according to the number of members. Owner access is allocated fairly to ensure that all owners can optimize the use of the yacht and that all the owners get quality time on the yacht to meet their needs or desires.

• Owner Use Reservations: Owners will reserve time on a reservation system on first come basis (Member A, Member B etc.) with limitations. Dates are decided upon via an equal reservation system well in advance. The first co-owner who signs up becomes “A” in the rotation, the second person “B,” and so on during the first year. The next year, the co-owner who was “A” and had first choice becomes “E”
• Owner Use Limitations: It is envisaged that the maximum continuous owner use will be two weeks per year per owner
• Owner Competency: A competency check will be done with each owner after which owners will operate the vessel as their private yacht. No captain or further supervision will be required once competency is established (training is available should the owner wish to improve skills). If owners wish to hire captains for their use, they may do so at their own cost.
• Reciprocal Use: The plan is to develop co-ownership bases in other locations that will create a reciprocal owner use option. Potential locations currently being investigated –Bahamas (Marsh Harbor), Puerto Rico, Annapolis, USVI (St Thomas). To start, the only location will be Fort Lauderdale, which has easy access to the Bahamas and the Florida Keys cruising grounds.

Operating Costs Are Covered By Charter Revenue

The annual operating costs such as insurance, dockage, annual haul out and scheduled maintenance will be offset by income from chartering the yacht. With traditional yacht ownership, the owner spends around 10 percent of the total value of the yacht annually but with our model based on seven years, one can save up to 90 percent of the cost of traditional yacht ownership. That is a huge advantage for the owners of a fractional yacht.

Fractional Yacht Models

The latest catamaran models from the world’s top manufacturers like Lagoon, Fountaine Pajot, Nautitech and Bali are available for these programs, fully equipped with air-conditioning, generator, full electronics, dingy, outboard and sun awnings. 

Fractional Yacht Management & Maintenance

The vessel will be professionally managed and maintained by a management company to ensure that you enjoy your use of the boat with minimum hassle – boats are maintained in turn key condition and ready for you to step aboard.

Fractional Yacht Shares Figures: Cost Of Yacht Share Ownership

We have made up a sample of cost per share using a 46ft catamaran plus full financials. Please contact us for more details.

Catamaran Guru Making Fractional Yacht Ownership Work!

Some of the early fractional yacht business models were guilty of taking advantage of the shareholders, and plenty have failed along the way. They would take a boat with a market price of say $2 million and divide it into 10 shares of $400,000, thereby doubling their investment by selling it for a total of $4 million. The Management / brokerage companies were trying to make a killing on one boat. It did not sit well with many potential buyers. Savvy boat owners might be willing to pay a small premium, but they’re not willing to get taken to the cleaners. 

Catamaran Guru’s innovative fractional shared yacht ownership programs provide you with a financially savvy solution to yacht ownership that is ideal for your active lifestyle. You can experience all the benefits of yacht ownership without the hassles of staffing, maintaining, or servicing your yacht.

Contact us for full details today! OR Call: 804.815.5054