39' Tiara Yacht Joins Signature Yacht Shares Fractional Fleet
Signature Yacht Shares is proud to announce the addition of “Mr. Casey”, a fully outfitted 39' Tiara Convertible to its fleet of fractional yachts managed by the company. The Tiara is based in Ft. Myers Beach at the popular Salty Sam’s Marina and operated by Capt. Dennis Pellicci. Members of the Signature Yacht Shares network have reciprocal access to all boats in the fleet which include a 29’ Regulator, 32’ Regulator, and 58 Viking.
The 39 Tiara Convertible is the perfect "all purpose" yacht. Fish, cruise, or just enjoy time at the dock with your friends - the 39' does them all well. Her cabin layout features an island bed forward for the master with a cozy bunk room for the kids or visiting friends. Plus, the open salon is perfect for relaxing or entertaining. The oversized and air conditioned flybridge features dual Release Marine helm chairs and a large forward facing bench seat.
The crisp and rugged exterior is contrasted by a soft and luxurious interior appointed with sumptuous leather and teak. This beauty screams to be taken out for a private get-away from the world or a romantic weekend sail. It is truly a boat to suit every need.
This $750,000 vessel can be yours for the share price of $79,950. Finance terms are available to qualified purchasers. Maintenance is additional but rest assured that you never pay more than an 1/8th of the cost, saving you 87% as compared to traditional solo boaters. Everything is taken care of for you. No worrying about maintenance or repairs.
Fractional yachting offers an exceptional value proposition. Or, as Warren Buffett says - "Fractional just makes sense." You only pay 1/8th of the usual cost of boating and enjoy a higher-level of satisfaction. Best of all, you’re not just limited to a week or a month… it’s yours, whenever you need it as long as it’s not in use.
The company believes this is a unique opportunity to own a premier yacht that meets everyone’s needs - from a career-oriented professional looking to get-away from the daily grind or a couple or family looking for a weekend on the water. For more information on this vessel, please visit www.tiarayachtshares.net or contact Capt. Dennis Pellicci at (239) 470-3549
For more information about Signature Yacht Shares, contact Matt Condon, (850) 279-6888 or visit www.signatureshares.com
Wednesday, March 24, 2010
Tuesday, March 23, 2010
No Surprises! Fractional yachting budgets all the costs so there are no surpises!
Part 1 in a Series of Articles on the Advantages of Fractional Yachting
Any time you start something new, you are bound to learn things along the way. When we started Signature Yacht Shares, we anticipated some challenges specific to the fractional world, such as scheduling the use of the yacht or creating equitable payments from each shareholder. We knew that we would have to be creative and open-minded with this new form of yacht ownership. We figured that one of the easiest things to do would be to put a budget together and give customers an “easy monthly payment” that would cover all the costs. Boy, were we wrong!
The problem has not been our ability to determine the fixed operating cost of boating - after 25 years in the industry we know what things cost. What we discovered is that customers don’t like knowing these costs! As a fractional operator it is important that we know our costs so we can properly budget for them.
As an example, we have a 39’ Tiara Convertible based in Ft. Myers. The fixed operating costs run about $1,200 per month per 1/8th share. When most people see that, they think “that’s expensive”, but is it really? It not only includes the slip fee, on-going cleaning, and general maintenance but other items including the insurance premiums, bi-annual trips to the boat yard, monthly weather subscriptions, diesel engine oil changes, engine repair reserves, soft goods reserves, and miscellaneous items.
Most solo boaters only consider the recurring monthly costs in the monthly budget. “One-off transactions” such as an engine breakdowns, yard bills, or oil changes are not typically considered part of the monthly budget. At Signature Yacht Shares, we plan for these one-off transactions and spread them out evening throughout the year and shared equally by the shareholders. For example, a $5,000 yard bill only costs $52 per month per shareholder. A $9,000 insurance premium only costs $94 per month per shareholder. When budgeted and shared, the cost of yachting is manageable.
No boater likes bad surprises, such as an unplanned engine bill. Fractional yachting budgets for all the costs of boating to give you peace of mind financially. And, remember, you never pay more than a fraction of the cost!
Contact Matt Condon (850) 259-9900 www.signatureshares.com
Any time you start something new, you are bound to learn things along the way. When we started Signature Yacht Shares, we anticipated some challenges specific to the fractional world, such as scheduling the use of the yacht or creating equitable payments from each shareholder. We knew that we would have to be creative and open-minded with this new form of yacht ownership. We figured that one of the easiest things to do would be to put a budget together and give customers an “easy monthly payment” that would cover all the costs. Boy, were we wrong!
The problem has not been our ability to determine the fixed operating cost of boating - after 25 years in the industry we know what things cost. What we discovered is that customers don’t like knowing these costs! As a fractional operator it is important that we know our costs so we can properly budget for them.
As an example, we have a 39’ Tiara Convertible based in Ft. Myers. The fixed operating costs run about $1,200 per month per 1/8th share. When most people see that, they think “that’s expensive”, but is it really? It not only includes the slip fee, on-going cleaning, and general maintenance but other items including the insurance premiums, bi-annual trips to the boat yard, monthly weather subscriptions, diesel engine oil changes, engine repair reserves, soft goods reserves, and miscellaneous items.
Most solo boaters only consider the recurring monthly costs in the monthly budget. “One-off transactions” such as an engine breakdowns, yard bills, or oil changes are not typically considered part of the monthly budget. At Signature Yacht Shares, we plan for these one-off transactions and spread them out evening throughout the year and shared equally by the shareholders. For example, a $5,000 yard bill only costs $52 per month per shareholder. A $9,000 insurance premium only costs $94 per month per shareholder. When budgeted and shared, the cost of yachting is manageable.
No boater likes bad surprises, such as an unplanned engine bill. Fractional yachting budgets for all the costs of boating to give you peace of mind financially. And, remember, you never pay more than a fraction of the cost!
Contact Matt Condon (850) 259-9900 www.signatureshares.com
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