Boat share for a non-sailor in the Ionian

[Max K]

A very dear friend has enjoyed a most harmonious boat share in the Ionian for over eleven years.

The original 2004 deal was that the two partners(& wives) would buy and own a new boat (then) 50/50. However, one couple had no sailing, boat handling nor boat maintaining skills or experience, whatsoever but they found the idea of being able to call on their investment for four to six weeks a year with the other couple as very experienced crew, very appealing and an acceptable deal. Now, sadly, the "Rookies" want out but the proper, time served ex-RN partner feels that he cannot afford to take on the whole project himself. This boat MUST BE the best maintained Bavaria 36 ANYWHERE!

Can anyone make any suggestions as how to take this problem forward? The remaining couple are the most fantastic people you could ever wish to meet and the boat is immaculate.

Max.

 

[Poecheng]

You could link them up with the peeps in this thread - they sound well matched and could sell one of the boats and make a tidy profit
http://www.ybw.com/forums/showthrea...ne-help-by-suggesting-a-possible-new-co-owner

 

[Tranona]

There is a market for boat shares and they are very common in the Ionian. All sorts of ways of finding potential partners such as small ads in the mags, club notice boards or one of the brokers who specialise in putting together syndicates such as Yacht Fractions.

As the owners probably already know, the mechanics of a boat share are fairly straightforward, particularly a 50/50 and there is useful information on the RYA website on how to structure a partnership, but the main stumbling block is finding compatible partners. In some ways this is actually easier with a syndicate of 4 or more buying a new boat strictly for holiday use where it is much more business like and you can have the boat professionally managed. Selling a share of an established boat with a long standing remaining partner is much more difficult, although it might have attractions for certain kinds of people.

Sometimes it is better for both the existing partners to either agree to sell to the remaining party or to sell the boat, split the proceeds and go their separate ways. Ideally there would be a partnership agreement in advance which lays out how to deal with dissolution, but it is often forgotten in the euphoria of buying a new boat.

 

[tcm]

I think it's a very positive aspect of the potential deal that the existing owner is manic about the maintenance. Yes, seriously.

 

[Tranona]

I think it's a very positive aspect of the potential deal that the existing owner is manic about the maintenance. Yes, seriously.

However, it could also mean that he is precious about what is effectively his boat and has been for 10 years, which might make it difficult for a new partner, particularly if that person also has strong views about how a boat should be run. As ever the key to success in close partnerships such as this is compatibility of the partners.

 

[Max K]

However, it could also mean that he is precious about what is effectively his boat and has been for 10 years, which might make it difficult for a new partner, particularly if that person also has strong views about how a boat should be run. As ever the key to success in close partnerships such as this is compatibility of the partners.

I was delighted to receive a PM from a seemingly very suitable candidate(s) and details are being exchanged. Even with my limited experience of the new guy (couple actually) I think that we may have stumbled on the sort of success Mr Cameron is hoping for tomorrow!

Y i F F*

Max.


* (Yours in Forum Friendship) - new idea of mine - a bit cheesy I know but it just might work - in The Lounge, especially!

 

[tcm]

However, it could also mean that he is precious about what is effectively his boat and has been for 10 years, which might make it difficult for a new partner, particularly if that person also has strong views about how a boat should be run. As ever the key to success in close partnerships such as this is compatibility of the partners.

Agreed aboutthe compatibility ... but a boat-share where the emphasis is on getting everything is maintained properly is likely more successful - skimping increases the likelihood of breakdowns/work need doing... just as the next sharer starts their holiday, and hence grouches arise.