Solutions for boat ownership
Dream Yacht Group never stops trying to follow and anticipate the consumption habits of yachtsmen. Just as with cars, the need for a boat that is only yours is declining and pooling is becoming a habit, by choice and by necessity. Frédéric Moreau, of Dream Yacht Sales & Ownership agrees: "For the boat, one quickly falls into irrationality and disproportion between fixed charges, such as port, insurance... and the actual time of use, even when one lives a few kilometers from the port. The price of the boat tends to increase significantly. The bank rates also, and are difficult to control, hence the difficulty to commit. The risk is to fall into elitism. It's to go against this that we imagined Fractional Liberty and Fractional Business, co-ownership solutions."
Fractional Liberty for purely proprietary use
As part of the Fractional Liberty program, Dream Yacht Sales & Ownership offers owner version boats. This is a classic co-ownership, with 2 to 8 shares, but on average 6, divided between the co-owners. The boats are totally reserved for them. Each person can hold one or more shares. The expenses are then divided pro-rata to the shares. Frédéric Moreau points out the advantages: "Thanks to the co-ownership, we significantly limit the initial contribution which is often the problem and we can do without bank financing. Dream Yacht Sales & Ownership plays the role of a building manager and receives what we call concierge fees to manage the relationship with the harbor master, the insurer, the maintenance, but also the reception of the owners. We organize an annual general meeting. At the last general meeting, after 5 years, if none of the co-owners want to buy the boat, they can mandate Dream Yacht Brokerage or any other broker to sell the boat. And get the proceeds of the sale pro-rata to the shares."
Each co-owner has 14 insured days per share in high season on rolling dates over the 5.5 years, and the rest of the year the co-owner can enjoy the boat, with a total limit of 56 days in the year for an acquired share. With 2 acquired shares, i.e. 34% of the boat owned, one arrives at 112 days of navigation each year, of which 28 days are during the summer period
For example, in 2023, a Dufour 430 in La Rochelle, is offered at 82,112 euros (including tax) per unit, plus a monthly concierge fee of 509 euros.
Fractional Business for boats that are also rented
When you are less attached to having your own boat, Dream Yacht Sales & Ownership also offers the Fractional Business version. In this case, the co-ownership is limited to 5 shares, one of which is held by Dream Yacht Charter in order to protect the operation. The boat is offered for rent in the Dream Yacht fleet. In compensation, the co-owner is remunerated with 65% of the quarterly turnover of the boat, distributed over the 4 shares, Dream Yacht's share being excluded, while the expenses are distributed over the 5 shares. He also has 5 weeks per year on his boat or an equivalent boat from Dream Yacht's fleet anywhere in the world, for the duration of the program, 66 months.
In the case of a Bali Catspace in Saint-Martin in 2022, the price of a share is 119,414 euros plus 1,086 euros per month. With a resale price at the end of 66 months estimated at 340 600 euros, each share recovers 65 135 euros. Dream Yacht Charter estimates the potential revenue at 120 276 euros per share. The final cost over the duration of the program is 6,765 euros, equivalent to the price of a simple week's rental in low season.
