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Fractional Ownership: Finances
Boat Purchase
Selling price Per owner
Boat and Nautica Dinghy $350,000 $70,000
Legal title and llc setup costs $5,000 $1,000
subtotal $355,000 $71,000
 
(currently determining weight limitations using a 13.5" nautica wide body dinghy-might use smaller version)


Fixed boat expenses
Item Weekly Monthly Annual
Dockage (assumed at village cay, nanny cay, or Hodges Creek) $1,000 $12,000
Insurance (carib insur billed annually) $417 $5,004
Haul out and bottom clean (twice per year-power wash) $167 $2,004
Annual haul out and bottom repaint and inspect $500 $6,000
Inspection/Survey $125 $1,500
Boat watching/Security (3 times weekly) $75 $300 $3,600
Satelite comm service (television, phone, sat wx,gps tracking) $150 $1,800
Management fee $900 $10,800
subtotal $3559 $41,208
Per Fractional Owner $712 $8,241.60


Escrow Accounts
Estimated short term and long term, non fixed expenses Monthly Annual 4 yrs
 
Minor and major repairs illustrated below are speculative forecasts, actual amounts may vary
 
Minor repairs and paint (escrow account) $833 $9,996 $39,984
Major repairs (escrow account) $833 $9,996 $39,984
 
Escrowed funds itemized below this line can be reassigned to purchase of new boat in 4 yrs, as agreed to owners group
 
Electronics escrow account (4 yrs, nav systems, electronics,com, etc) $208 $2,496 $10,000
Sails escrow account (new sails every 4 years) $208 $2,496 $9,984
Repaint escrow account (new paint every 4 years @25k) $521 $6,252 $25,008
Engines escrow account (new engines every 10 years at $15000) $125 $1,500 $6,000
Upholstery escrow account (new upholstery every 4 yrs at 4000) $83 $996 $3,984
subtotal $2,811 $33,732 $134,928
 
4 years of accumulated escrow funds $134,928
 
Grand totals fixed and non fixed estimates $6,370 $74,940
Divided by five owners $1,274 $14,988


Usage Based expenses
Inside cleaning (bi weekly) Expected bi weekly $150 per use
Fuel (mgm co will have it fueled and ready for you) as used $35 dollars service plus fuel
Provisioning service (groc and prov shopping and put on boat) As used $150 plus cost of goods
Laundry service (laundering of towels and linens) as used $10 per load plus $25 dollar pick up fee
Consiere service (as used for misc services) as used $35 dollars per hour