Fractional Lease a Center Console
08-21-2016, 03:41 PM
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Fractional Lease a Center Console
After taking our first trip on the Statement I am amazed at the utility of center consoles..
Any reasonable boater (I assume most people in the forum) could handle it.
We are considering a seasonal fractional lease program for qualified boaters.
You would be briefed and checked out by a captain and added to our insurance to use the boat on your own.
Pinnacle Yachts has a similar model for cruisers.
I would think 5-6 members could easily get as much time as they wanted and we could keep the expenses low.
We would have a captain inspect the vessel before and after each trip to make sure each member is held accountable for taking care of the boat.
I'm interested in hearing your thoughts!!!!
Any reasonable boater (I assume most people in the forum) could handle it.
We are considering a seasonal fractional lease program for qualified boaters.
You would be briefed and checked out by a captain and added to our insurance to use the boat on your own.
Pinnacle Yachts has a similar model for cruisers.
I would think 5-6 members could easily get as much time as they wanted and we could keep the expenses low.
We would have a captain inspect the vessel before and after each trip to make sure each member is held accountable for taking care of the boat.
I'm interested in hearing your thoughts!!!!
08-21-2016, 08:30 PM
#3
After taking our first trip on the Statement I am amazed at the utility of center consoles..
Any reasonable boater (I assume most people in the forum) could handle it.
We are considering a seasonal fractional lease program for qualified boaters.
You would be briefed and checked out by a captain and added to our insurance to use the boat on your own.
Pinnacle Yachts has a similar model for cruisers.
I would think 5-6 members could easily get as much time as they wanted and we could keep the expenses low.
We would have a captain inspect the vessel before and after each trip to make sure each member is held accountable for taking care of the boat.
I'm interested in hearing your thoughts!!!!
Any reasonable boater (I assume most people in the forum) could handle it.
We are considering a seasonal fractional lease program for qualified boaters.
You would be briefed and checked out by a captain and added to our insurance to use the boat on your own.
Pinnacle Yachts has a similar model for cruisers.
I would think 5-6 members could easily get as much time as they wanted and we could keep the expenses low.
We would have a captain inspect the vessel before and after each trip to make sure each member is held accountable for taking care of the boat.
I'm interested in hearing your thoughts!!!!
B. The hours aren't like other boats. You can rent a boat and hang out/cove out without cranking up the hours. On the CC the actual running the boat would be far more exciting than hanging out. You can also reach further destinations in shorter times.....something you can't do in a SeaRay or pontoon.
C. I think the boat is too fancy, too expensive for this business model. Trim it to a 30-34 with twins on a joystick control and not a premium brand like Statement and you would probably make more money.
08-21-2016, 08:38 PM
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Pricier?
$250k for the boat
$20,000 dockage
$10,000 insurance
All the Pinnacle "yachts" aka cruisers are 2008 Sea Rays under 40'
That's about a $160,000 boat and they are at much less expensive marinas
http://www.pinnacleyachts.com
$7500/lease includes everything except fuel.
5 lessors gives everyone 10 weekends and tons of weekdays.
Who gets out 10 weekends a year? Not many. It's an ideal concept for people like me who want a 2nd boat in Florida but don't want to pay all the expenses.
I'd pay the lease and maybe get to use it 4 times a year. Members could "sell" their unused weekends to other members at a price they negotiate amongst themselves.
$250k for the boat
$20,000 dockage
$10,000 insurance
All the Pinnacle "yachts" aka cruisers are 2008 Sea Rays under 40'
That's about a $160,000 boat and they are at much less expensive marinas
http://www.pinnacleyachts.com
$7500/lease includes everything except fuel.
5 lessors gives everyone 10 weekends and tons of weekdays.
Who gets out 10 weekends a year? Not many. It's an ideal concept for people like me who want a 2nd boat in Florida but don't want to pay all the expenses.
I'd pay the lease and maybe get to use it 4 times a year. Members could "sell" their unused weekends to other members at a price they negotiate amongst themselves.
08-21-2016, 08:47 PM
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A. S. Florida would ruin your business model. The boat would have damage, theft, " would elicit offshore missions like smuggling"
B. The hours aren't like other boats. You can rent a boat and hang out/cove out without cranking up the hours. On the CC the actual running the boat would be far more exciting than hanging out. You can also reach further destinations in shorter times.....something you can't do in a SeaRay or pontoon.
C. I think the boat is too fancy, too expensive for this business model. Trim it to a 30-34 with twins on a joystick control and not a premium brand like Statement and you would probably make more money.
B. The hours aren't like other boats. You can rent a boat and hang out/cove out without cranking up the hours. On the CC the actual running the boat would be far more exciting than hanging out. You can also reach further destinations in shorter times.....something you can't do in a SeaRay or pontoon.
C. I think the boat is too fancy, too expensive for this business model. Trim it to a 30-34 with twins on a joystick control and not a premium brand like Statement and you would probably make more money.
Deposit would be required.
In terms of being too fancy......It's a very nice boat. I was impressed with how docile it is and the fact that the rub rail protects the boat. The real concern would be damage to the lower units.
This would have to be a real select group of boaters not just boat renter types. They would have to have a performance boating background. OSO members make the most sense.
Minimum requirements would include prior ownership of a twin powered boat with at least 496s and at least 30 feet.
My captain would have the final call on their selection.......making sure they are competent and capable.
08-21-2016, 09:05 PM
#7
Pricier?
$250k for the boat
$20,000 dockage
$10,000 insurance
All the Pinnacle "yachts" aka cruisers are 2008 Sea Rays under 40'
That's about a $160,000 boat and they are at much less expensive marinas
http://www.pinnacleyachts.com
$7500/lease includes everything except fuel.
5 lessors gives everyone 10 weekends and tons of weekdays.
Who gets out 10 weekends a year? Not many. It's an ideal concept for people like me who want a 2nd boat in Florida but don't want to pay all the expenses.
I'd pay the lease and maybe get to use it 4 times a year. Members could "sell" their unused weekends to other members at a price they negotiate amongst themselves.
$250k for the boat
$20,000 dockage
$10,000 insurance
All the Pinnacle "yachts" aka cruisers are 2008 Sea Rays under 40'
That's about a $160,000 boat and they are at much less expensive marinas
http://www.pinnacleyachts.com
$7500/lease includes everything except fuel.
5 lessors gives everyone 10 weekends and tons of weekdays.
Who gets out 10 weekends a year? Not many. It's an ideal concept for people like me who want a 2nd boat in Florida but don't want to pay all the expenses.
I'd pay the lease and maybe get to use it 4 times a year. Members could "sell" their unused weekends to other members at a price they negotiate amongst themselves.
5 people leasing at $7500 is $37,500 but the marina/insurance is 30K of that! 7500 left could go towards maintenance but not a single dollar towards the Capt who supervises the operation, the cost of the boat or the thought of a profit! Get a bad year and buy motors/lower units and you are in the red for the next 5 years!
08-21-2016, 09:07 PM
#8
How was your Bimini trip? Thought we would see a thread or some cool pics by now!
On this charter/fractional idea, are you looking to make money or just get a boat paid for so you can use it for free when you are in town?
08-21-2016, 09:12 PM
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Where is the profit?
5 people leasing at $7500 is $37,500 but the marina/insurance is 30K of that! 7500 left could go towards maintenance but not a single dollar towards the Capt who supervises the operation, the cost of the boat or the thought of a profit! Get a bad year and buy motors/lower units and you are in the red for the next 5 years!
5 people leasing at $7500 is $37,500 but the marina/insurance is 30K of that! 7500 left could go towards maintenance but not a single dollar towards the Capt who supervises the operation, the cost of the boat or the thought of a profit! Get a bad year and buy motors/lower units and you are in the red for the next 5 years!
I get my share for free and the captain only make a few thousand - at most.
How was your Bimini trip? Thought we would see a thread or some cool pics by now!
It was amazing. I've just been lazy and busy.
On this charter/fractional idea, are you looking to make money or just get a boat paid for so you can use it for free when you are in town?
It was amazing. I've just been lazy and busy.
On this charter/fractional idea, are you looking to make money or just get a boat paid for so you can use it for free when you are in town?
There is probably enough money in just doing FPC poker runs to be profitable. I'll dump the $20,000 dockage at Miami Beach Marina next year if it doesn't produce and insurance should be 1/2 next year.
The nice thing is....I bought the boat right. It's not going to depreciate much over the next 2 years. I'm having a blast doing it.
