When you think about it, the Real Estate and the Jet guys have been taking advantage of Fractional ownership opportunities for years. The Yachting Industry has worked the potential, as well, but with a bit less success most often due to the attempts to modify their offerings to timeshare, charter ownership, and memberships that have some validity but are not often pure fractional opportunities. Further to complicate the issue they have a tendancy to provide too many choices in makes/models and location of operation. Management and contracts maybe illusive with no strong back end conclusion.
Southeast Sailing and Yachts if offering "Big Blue" A Hunter 49AC 2009 up for Fractional where we are suggesting four partners which will keep the intial purchase price per share well below $150,000 and annual maintenance well below $15,000 per year. Contracts are recommended to end after a three commitment, where the vessel would normally be liquidated or "rolled over" into a new model. Management would be Saint Augustine Florida based with winter potentials from the Bahamas to the Florida Keys. Lot's of owner usage time with minimal expense.
If you have ever considered the possiblity of Fractional Ownership, I would be very interested in discussing your parameters and see what can be done. Given our economic times, I think that having the opportunity to still maintain high quality recreational opportunities are a "must" in keeping a strong and healthy spirit, sharing those costs or reducing un-essential asset idle time is going to become paramount for all of us in the coming years ahead.
You can find me just about anytime at 954-821-6450 0r email janderson.sesy@yahoo.com
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