Fractional Yacht Ownership
Fractional Yacht Ownership
of
“2019 Leopard 58”
We are offering a Fractional Yacht Ownership of a brand new Fully Crewed Five Cabin Leopard 58ft. catamaran that is currently in St. Thomas USVI. This luxury Catamaran is owned and managed. The yachts ownership will be limited to four 25% shares in the holding company. The current owner, will retain one 25% share. Each 25% share costs $440,000.00.
We have taken a different approach regarding the fractional ownership of a luxury yacht. We love sailing but wanted to find a way to pay for the yacht at the same time. We have 11 charters booked since last November. This yacht charters for $28,000 to $32,000 per week depending on the number of guests, more during Christmas and New Year. The profit from the paid charters pay for the entire annual cost to operate the yacht.
Features:
- The Main Salon opposite the galley has a 44” smart flat-screen TV with Blue-tooth surround sound, including Xbox and Playstation. The dining table in the Salon can seat ten.
- This yacht comes with a fully equipped Galley that includes, fridge, two freezer drawers, microwave, dishwasher and a five-burner propane stove. There is an additional freezer in the Port hallway.
- There are two VIP staterooms on this yacht! One of the VIP staterooms is located on the Salon level. It features a Queen Bed and an ensuite bathroom, 24” Smart TV, four drawers, nightstand and double USB ports. There is a door that goes outside to a patio on the forward deck.
- The other VIP stateroom is on the Starboard Aft side of the yacht. It features a Queen Bed and an ensuite bathroom with double sinks, 24” smart TV, closet, drawers, double USB ports and a lighted vanity.
- There are three additional staterooms. Each stateroom features a Queen Bed and an ensuite bathroom, 24” smart TV, drawers and double USB ports. The Port Aft Cabin has an additional bunk bed.
- The crew uses one of the five staterooms depending on the needs of guests.
- The Aft deck has a 10ft. long teak dining table that will accommodate ten guests. This deck has a Blue-tooth Soundbar and Icemaker. It also features a 12ft. electric swim platform for the 14’5” Whaly tender with a 50hp Yamaha.
- The “Super Yacht'' fly-bridge is what sets this apart from other catamarans this size. This fly-bridge features a 55” Smart TV, Blue-tooth Soundbar, Wet Bar with Fridge, Ice-maker and Electric Barbeque, Seating for 12 including a double teak Sun Lounger.
- This catamaran has two large Trampolines and two Bow Seats for taking in the sun and relaxing.
- The Forward Patio has seating and pop-up tables to enjoy a meal or a cocktail.
- This catamaran has a Navigation Station which features dual throttles, VHF Radio, Radar and Autopilot if the Captain wants to run the yacht during inclement weather. It also serves as an office.
- Wi-Fi is throughout the yacht.
Cost of Running
The profit from chartering pays for the cost of running the yacht, the Broker’s Fee (15%), Central Yacht Agent’s Fee (2%), Management Fee (4%), Crew, Insurance and Maintenance.
Typically, we get at least 15 paid yacht charters per year. We try to allocate two days on each end of a charter to turn the yacht (clean and restock). Sometimes this is not possible, this season we had six back to back charters with 24-hour turns.
Our Charter guests pay a premium to charter this yacht during the holidays: $39,000.00 per week for Christmas and $43,000.00 for New Year. Most of our charters are booked by the end of December. We prefer to let non-owners charter these two weeks as they bring in the most revenue which pays for the yacht. Any profits will be proportionally divided between the shareholders at the end of the year. We always keep a $30,000 reserve.
The annual overhead for this yacht is approximately $118,000.00 and the profit from the paid charters pay for that cost. The profits at the end of the year are divided between the shareholders at the end of each year.
In a typical year our plan is to allocate 24 weeks for paid charters and 4 weeks for annual maintenance. This leaves about 24 weeks total or 6 weeks to be used by each shareholder. All weeks are open to paid charters unless reserved by a shareholder.
The season for the USVI-BVI is from November to July and then we plan on moving the yacht to St. Vincent and the Grenadines until October when we return to St. Thomas. We have a fully paid crew from November 1st to September 1st. The yacht is in maintenance in October.
Shareholders’ Use of Yacht:
- You can direct the Captain to go where you wish or have the Captain prepare an itinerary for you.
- You can bring your family friends, associates, business partners onboard.
- You can allow family members to come on their own when you can't.
- Your linen and towels are looked after by our crew. We have three sets of everything to ensure we always have clean towels and linens.
- You will have a dedicated concierge service for your bookings and reservations. We will send an email showing the dates available to each owner every month or they can also check yacht’s website.
- This is a fully crewed yacht and it has a dedicated Captain and First Mate/Gourmet Chef. We have very good provisioning in St. Thomas and an amazing selection of adult beverages. We have a preference sheet that guests fill out prior to charter so we can purchase exactly what they want for their charter. Our Chef can tailor your meals to your requirements.
- All water toys are included: 24ft. iFloats, 14.5 tender with 50hp engine, water skis, wakeboard, three-person towable, snorkeling gear, fishing gear, two sea-scooters and two party islands.
- The cost for fuel, food and beverages, customs etc. are paid by the shareholder that is using the yacht. Please tip your crew.
Here is a typical case scenario: We send you an email showing the available dates open. Itineraries are available on the website. You send an email or call our concierge department and we schedule your charter. The crew makes sure the yacht is ready for you and your party. All maintenance, towels, linen, food, beverages and Crew are ready to greet you. Get ready for the vacation of a lifetime on your yacht!
Once your vacation is over you simply walk off the yacht and your crew commences with all the cleanup and any required maintenance. You see owning a yacht with fractional ownership is not about cleaning and maintaining or managing a crew, it's about truly enjoying life and the fruits of your labor.
For those who enjoy the periodical pleasure of luxury boating, fractional ownership with profit is more cost-effective than other fractional ownerships and has several other advantages.
Tax Benefits:
There is also various tax write off benefits for this business. By owning a fractional share, you may benefit from favorable tax treatment. Interest, management cost, and operating costs may be deductible for a yacht when the asset is primarily used for business purposes. In any event, depreciation remains deductible, and capital gains treatment is available at sale. Please consult your tax advisor. Our plan is a five-year plan, at the end of five years, the yacht is sold, and the proceeds are equally split between the shareholders. Our fractional owners hold equity in the yacht and have the option to sell their 25% share any time they like. We have up to three 25% shares are available.
This fractional ownership offers "All of the Luxury” and none of the hassle with owning a yacht. We handle all the maintenance, management of the yacht, the charter bookings, reservations, the insurance, provisioning, you name it!
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