New Fractional Ownership Opportunity

Description

*** This is an opportunity for Fractional Ownership. Please read this carefully and contact me directly with any questions. ***

I am not a broker or dealer. I am looking to enter into a fractional ownership agreement on a new yacht with 3 (three) other responsible individuals who are looking to save money on the ownership of a 40ft or larger sized yacht. Each individual will be responsible for 1/4th of the purchase price and a monthly maintenance fee (example below). With the fractional ownership agreement, each fractional owner will have approximately 12 weeks to enjoy that will be divided up throughout the year (these weeks will rotate annually). Each allocated week can be utilized by the fractional owner for their own personal use or sold as a charter (with captain). The fractional ownership agreement will last for 5 (five) years at which time the yacht will be sold and all proceeds will be distributed equally to all fractional owners (less any brokerage fees or expenses to sell).

While this has not been decided, I anticipate the yacht to be docked in the Inner Harbor of Baltimore, MD from May 10 to Oct 31 and Marigot, St. Martin from Nov 10 to May 1.

• Example:
• Purchase of a 2016 Carver C40 Flybridge - $400,000 (each owner would pay $100,000 upfront)
• Yearly marina / docking / insurance / transportation / fuel and maintenance costs - $24,000 (each owner would pay approx. $500 monthly)
• After 5 Years - Sell 2016 Carver C40 Flybridge - $220,000 net (each owner would receive $55,000)
• In this example the total 5 (five) year costs for the 1/4th fractional ownership would be $75,000 or equivalent to $15,000 in annual costs. Which would only be $1,250 for each allocated week based on twelve (12) weeks of use throughout the year.

*** Photos of Carver C40 Flybridge is shown to support the example provided in this listing and is not for sale (by me). ***