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Odyssée Premium is developing a structured model of nautical co-ownership, called Smart Yachting, based on a detailed analysis of the actual use of the boats and a structured technical and legal organization.
A company positioned for co-ownership of top-of-the-range yachts
Odyssée Premium, managed by Olivier Michaud, positions itself as an intermediary between yachtsmen and shipyards. The company acts as an operator capable of assembling crews of shipowners around a single sailing project.
The principle is clear: bring together a restricted circle of 2 to 4 co-owners to acquire a fully-owned sailing yacht. The positioning targets units from recognized shipyards, particularly in the high-performance cruising yacht segment, such as X-Yachts.
The announced target for the first year is between ?2.4 million and ?4.8 million in business volume, which corresponds to several condominium units.
A business model based on the division of costs
The heart of Smart Yachting lies in the sharing of investments and expenses. For a 46-foot unit, the initial contribution is announced at around ?200,000 per co-owner, compared with around ?800,000 for an individual purchase. Monthly management fees follow the same logic, at around ?250 per month, compared with over ?2,500 for full ownership.
Maintenance and logistics are fully delegated. This includes routine maintenance, boat preparation and the technical operations required to keep the boat in top condition. This model gives access to better-equipped or more recent boats, but requires shared availability.
An organization focused on the sailing program
Odyssée Premium structures its projects around the owner's sailing program. The choice of boat is directly linked to its intended use: coastal cruising, ocean cruising, or a mixed program.
The company acts as a platform, centralizing requests and matching compatible profiles. Criteria include sailing areas, maintenance requirements and respect for the equipment. This step determines the stability of the project. Incompatibility between co-owners can have a direct impact on the boat's operation.
A legal framework based on the "quirataires" contract
The legal arrangement is based on a "quirataire" contract, as used in maritime law. Each shipowner holds an officially registered share in the vessel. This arrangement ensures that there is no joint liability for debts between co-owners. If one member defaults, the others are not financially liable.
Use of the boat is restricted. Lending to third parties is prohibited. Rules and regulations govern use and maintenance. The sailing schedule is based on an annual rotating priority system, in particular to distribute periods of high demand fairly.
A 3-year operating cycle to control the value of the boat
The model has a three-year ownership cycle. Over this period, the maintenance budget for a 46-foot yacht is around ?30,000. This amount is invested to maintain the boat in a state close to its original condition, which determines resale. At the end of the cycle, there are several options: renewal, upgrading or sale of the boat.
The strategy aims to secure the initial capital by limiting the discount, but remains dependent on the second-hand market.
Operational and digital boat management
Odyssée Premium offers "ready to sail" management. The boat is prepared before each embarkation, with provisioning and maintenance carried out beforehand.
A digital environment accompanies this organization. It includes a shared calendar for bookings, a document space for technical and administrative information, and a system for monitoring charges via tables accessible to co-owners. This system brings transparency, but requires rigorous coordination between members.
Ultimately, the Smart Yachting proposed by Odyssée Premium is based on a balance between economic optimization, collective organization and discipline of use, with an approach aimed at yachtsmen ready to share their navigation tool.
