I’ve just released another great boat share case study about boat sharing which has some interesting differences from the standard “three men buy a boat” together form of boat sharing. In this latest case study:
- The owner, who only uses the boat for three weeks a year, has sold a 25% share. This keeps the boat used throughout the year and creates an income. Shares are more commonly equal, but they can be unequal.
- The other sharers sail the boat together, instead of taking turns to have sole use of the boat
Thunderbolt is a Jeanneau Sun Odyssey 37 moored in San Pedro del Pinatar, in Murcia, Spain. To avoid Thunderbolt being moored up unused nearly all year, a 25% share was sold to four friends, co-ordinated by accountant Roger Bailey. The four couldn’t use all the time available so they decided to find four further new shareholders and Roger placed a free ad with yours2share.
Susan Roberts and her husband have a villa near San Pedro. They had some sailing experience and were considering buying a boat to moor near their villa and, after seeing the ad on yours2share, bought one of the 1/32 shares. The fact that they are sailing with others also gives Susan and her husband the chance to sail far more extensively than they would on their own.
Susan: “We paid £2,200 for our 1/32 share which entitles us to four weeks sailing a year: chartering a similar boat is about £1500 and £2000 per week, so this is a tremendously good deal”.
This is a great site. The concept of buying a share or simply allowing others to share in something that you have limited use for is an excellent idea. I have previously seen it with personal resources, but in this current business climate can see this idea really catching on. It certainly makes good economical sense.