DOLLARS & SENSE

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IT’S ALL A MATTER OF DOLLARS AND SENSE

Boat ownership is always MORE costly than you originally expected and the time you have to spend out on your boat is quite often LESS than you had hoped. Our shared-use program provides the best of all worlds providing a flexible form of ownership with a much simpler entry and exist process


Here is an example of how it all adds up: A share is priced at $15,000 based on a boat with a value of $250,000. And each share has 1/6th responsibility of all operating costs.
Value of Vessel (example) $250,000
Share Price each member $15, 000Returned at resale
Share Price X Six Members$90, 000Owners Keeps
Owner Weeks 16
Six Shares, Six Weeks 36
Total Weeks 52
Operating Expenses:Monthly Annually
Share holders cost $550 $6,600
Share holders X Six Members $3,300 $39, 600
Owners costs $0 $0
Operating Expenses:
Marina (a) $1, 100 $13,200
Scheduled maintenance $300 $3,600
Towing insurance $15 $180
Supplies $25 $300
minor equipment (b) $25 $300
Maintenance (c) $200 $2,400
Insurance $300 $3,600
Property tax $200 $2,400
Banking fees $20 $240
Licensing (d) $0 $0
Financing $0 $0
Capital account $100 $1,200
Management fee (e) $1, 000 $12,000
Total Expenses $3, 285 $39,420

(a) Marina, locker, kayak storage.

(b) flash lights, tools, epirbs, safety equipment.

(c) bottom cleaning, boat yard fees, engine overhaul fees, heat exchanger fees, large engine item – water pump, etc.

(d) charter licensing requirements.

(e) agreements, amendments, assignments, vessel documentation, professional captains coordination,yendor coordination, accounting.

Value of Vessel (example) $250,000
Share Price each member $15, 000Returned at resale
Share Price X Six Members$90, 000Owners Keeps
Owner Weeks 16
Six Shares, Six Weeks 36
Total Weeks 52
Operating Expenses:MonthlyAnnually
Share holders cost $550 $6,600
Share holders X Six Members $3,300 $39, 600
Owners costs $0 $0
Operating Expenses:
Marina (a) $1, 100 $13,200
Scheduled maintenance $300 $3,600
Towing insurance $15 $180
Supplies $25 $300
minor equipment (b) $25 $300
Maintenance (c) $200 $2,400
Insurance $300 $3,600
Property tax $200 $2,400
Banking fees $20 $240
Licensing (d) $0 $0
Financing $0 $0
Capital account $100 $1,200
Management fee (e) $1, 000 $12,000
Total Expenses $3, 285 $39,420

(a) Marina, locker, kayak storage.

(b) flash lights, tools, epirbs, safety equipment.

(c) bottom cleaning, boat yard fees, engine overhaul fees, heat exchanger fees, large engine item – water pump, etc.

(d) charter licensing requirements.

(e) agreements, amendments, assignments, vessel documentation, professional captains coordination,yendor coordination, accounting.