About The Fractional Program
Do you dream of owning your own yacht? Now
is the perfect time to make the dream of boat ownership a reality.
Fractional, Timeshare and Membership Clubs have been in existence for many
years offering everything from private jets to Real Estate property and even
Yachts, with the opportunity to create a shared environment at a fraction of the
price of owning the entire asset that you would only be using on a temporary
basis anyway. There are a growing number of groups and individuals who see the
merits of managed assets given partial ownership and member rights especially
where an owner has limited time and funds to dedicate to any one particular
asset, whether for commercial or recreational purposes.
The private jet
programs have continued to meet with great success as commercial flight costs
continue to rise, routes continue to be cut and security at commercial airports
doubles the length of time to get from A to B. However the real success of these
programs is as much to do with the convenience without the full ownership costs,
as it is a function of the Jet Management Company having the ability to make use
of the aircraft for commercial use when not being used by her owners and thereby
defraying the costs of owning it. The Real Estate Time Share Market also
continues to flourish and for many of the same reasons, especially when part of
a rental pool.
The common thread running through all of the success
stories is the Management Company who actually operate and manage the asset for
the owners. If the Management Company is able to take care of all of the day-to
-day operations of the asset AND provide revenue from that asset when it is not
being used by its owners, then a successful program is almost inevitable.
Current yacht-share programs have flaws in their basic concept which has
impacted their success. The main flaw is that there are too many different
entities involved in the entire process. When you consider that there is the
company that sells the boat, the company that manages it, the company that books
usage on it for members, as well as and retail sales and the
company that resells it at the end of the program, then it is destined to
bring a lot of finger-pointing when something does not go quite as planned.
With all of that in mind, The Catamaran Company has decided to offer one
simple program with lots of choices up front, but with only One Company to
operate the entire program.
When you buy a Catamaran through our easy
Fractional Program, the costs for all marina fees, all insurance premiums, all
yacht maintenance, professionally management of your yacht and even your
monthly mortgage can become extremely affordable.
Sound too good to be true?
Read our FAQ’s and find out how this program can get you sailing sooner than you
think.
About the Catamaran Company
The Catamaran Company is the
world’s largest retailer of new and used catamarans. Being the best means that
we take care of the whole life-span of your boat, from buying it new, to
reselling it at the end of the program. The vessels being offered in this
program are new Lagoons from 38 to 62 feet. The Catamaran Company is Lagoon’s
largest dealer in the world and has been for the past five years. Our extensive
experience means that you are dealing with only one company - The Catamaran
Company. A company you can trust to know what they are doing.
Your vessel
will be based in the “Sailing Capital of the Caribbean” - Tortola, British
Virgin Islands and managed and operated by Catamaran Charters Ltd. This company
is a 100% owned division of The Catamaran Company. They currently manage and
operate a fleet of 35 Cats in Tortola, where they have been based for the past
19 years. Our Fractional Program is an extension of what they have offered to
their many satisfied clients for the past two decades.
Benefits and Features
| FRACTIONAL OWNERSHIP PROGRAM |
| Features and Benefits of the Program |
| |
Private |
Limited |
| |
Usage |
Charter |
| The Numbers |
|
|
| 2010 Model Lagoon 400, Complete Price Delivered Tortola, BVI |
$499,975 |
$499,975 |
| Each 1/5th Ownership Share |
$99,995 |
$99,995 |
| |
|
|
| What's Included |
|
|
| Equipped, to include Air, Gen, Electronics and Entertainment. |
YES |
YES |
| Fractional Ownership Set-up and Legal Costs. |
YES |
YES |
| Management Agreement and Fractional Administration Set-Up Costs |
YES |
YES |
| All New Yacht Warranties |
YES |
YES |
| |
|
|
| Annual Operating Expenses |
|
|
| A representative Annual Operating Cost based on 1/5th ownership |
$12,119 |
$0 |
| |
|
|
| What does it include: |
|
|
| Care and Custody, Service and Maintenance |
YES |
YES |
| Dockage in Tortola, British Virgin Islands |
YES |
YES |
| Insurance, Maintenance and Management |
YES |
YES |
| Full Hurricane Plan |
YES |
YES |
| Annual Operating Costs offset by Limited Charter and Full Charter |
NO |
100% |
| |
|
|
| What Else do I need to Know? |
|
|
| Can I Buy more than 1 share? |
YES |
YES |
| Number of Personal Usage Weeks |
7 |
4 |
| Number of Walk aboard optional weeks available |
1 |
1 |
| Initial 3 year Contracts |
YES |
YES |
| Roll-over opportunities available at end of contract |
YES |
YES |
| |
|
|
| |
| Questions and Answers |
| |
| Question: Is there financing available? |
| Answer: Conventional financing may not be available but in-house Corporate Financing may be available for select customers. |
| |
| Question: The 400 does not meet my personal interests. Are other models available in their program? |
| Answer: At this time we will consider any catamaran that fits the needs of a minimum of 5 shareholders |
| |
| Question: What is the first step in the process? |
| Answer: The first step is to place a $2,500 fully-refundable deposit. We will then send you all of the appropriate documents for you to review to determine if you would like to proceed. |
| |
| Question: And if I would like to proceed after this review? |
| Answer: You will then need to bring your deposit up to $10,000 and this deposit will then become non-refundable. |
|