Yachts offered in program:
We will offer 120ft sailing monohulls, 60ft and an 81ft Catamarans, and 105 ft Custom monohull power yacht. Each will have three staterooms and will be fully loaded with every conceivable option and accessory.
Additional services provided:
We have an interactive calendar, in-house travel agency, a full time concierge division, full time crew working for Phoenix Yacht Management only, a charter division, and a brokerage presence to help the client sell a yacht.
Details of deposit amount:
Generally, the shares are fixed at minimums of 1/8 ownership on yachts under $4 million USD and 1/10 shares on yachts over that amount. Phoenix requires an initial $10,000 fully refundable deposit with the binder agreement and then a 25% deposit held in escrow until the yacht is ordered. Once the owner pool is 3/4 full Phoenix will order the yacht and the 25% initial deposit becomes non-refundable.
Can the boats be chartered? ...
Description
Yachts offered in program:
We will offer 120ft sailing monohulls, 60ft and an 81ft Catamarans, and 105 ft Custom monohull power yacht. Each will have three staterooms and will be fully loaded with every conceivable option and accessory.
Additional services provided:
We have an interactive calendar, in-house travel agency, a full time concierge division, full time crew working for Phoenix Yacht Management only, a charter division, and a brokerage presence to help the client sell a yacht.
Details of deposit amount:
Generally, the shares are fixed at minimums of 1/8 ownership on yachts under $4 million USD and 1/10 shares on yachts over that amount. Phoenix requires an initial $10,000 fully refundable deposit with the binder agreement and then a 25% deposit held in escrow until the yacht is ordered. Once the owner pool is 3/4 full Phoenix will order the yacht and the 25% initial deposit becomes non-refundable.
Can the boats be chartered? If so, is that revenue shared?
Owners can charter out their boat and income derived from the charted is pooled; the pool is distributed equally among all owners in accordance with their weeks they have committed to charter. This is not guaranteed.
Can memberships be sold or transferred?
Because these are shares in a corporation and they are fully owned and undivided shares, the owner can do with them as he wishes as long as he meets the terms and conditions of the management agreement he has signed.
Can a member assign the time to a friend or family member? Yes they most certainly can! There are no terms. It is his boat to do with as he wishes.
Unique attributes of your program:
Phoenix Yacht Management is the ONLY true fractional yacht program wholly based on the very successful fractional aircraft program. Phoenix management was instrumental in the set up of fractional aircraft sales in 1986 and remains committed to excellence in fractional ownership. The success of a program is based on the knowledge of its principals. Our program also offers a secure environment in that the owners are protected from one another in the event of any default by another owner. We do not determine where, when or how the yacht is sailed. As long as the yacht is operated in a safe and reasonable manner and the captain is recognized as the ultimate authority, the owners have no limits to do with the yachts as they please.
