Forming Sailboat Share Partnership - $76,000 (Baltimore Washington Philadelphia)
engine hours (total): 0 length overall (LOA): 40 make / manufacturer: Beneteau or Catalina propulsion type: sail
QR Code Link to This Post
Looking for 2-3 other sailors to form a new boat share partnership. I have been in a very successful boat share partnership for 15 years and this is simply the best way to own a boat. I am looking to upgrade from my existing boat and start a new, equal partnership. Initial thought is to purchase a new(er) (1-4 years old) 40' to 45’ sloop (Beneteau Oceanis/Catalina or similar) that would be well maintained and equipped with Genset/AC, full electronics, bowthruster, full canvas etc. The goal would be to provide total cruising comfort and enjoyment. Ideally it will have a shoal draft keel for the Chesapeake and be kept in the central Middle River, Maryland or Baltimore area.
Either 1/3rd or ¼ shares meaning 3 or 4 total partners that will all share equal amount of time and expenses. This is not for profit. I would be one of the 3 or 4 equal partners. The partnership will have a legal operating agreement that outlines all time and expenses would be shared equally and the boat is to be maintained “like new” to protect our investment and enjoyment for years to come.
Assuming purchase price of $200 to $300K and 3-4 partners initial investment would be between $50K and $75K. Would consider obtaining a 15 year boat loan (20% down) so great credit is a must.
Serious inquires only. I can share full details on how my existing partnership has successfully worked for over 15 years. Partnership shares can be sold/transferred at any time. Please email me and outline your interest and a little background on your sailing experience and I can fill you in on the details.
Goal would be to have the partnership set up and sailing by late Spring 2021.
do NOT contact me with unsolicited services or offers