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| Quite simply as the name suggests Naples Fractional Yacht
Ownership (NFYO), LLC is the formation of an LLC in Naples
Florida, which sole purpose is to own and operate one yacht
"Shared Dreams" with its home port based in Naples. FL.
"Shared Dreams", a 2009/10 Sunseeker 47' Portofino Yatch which will be owned by a
group of fractional owners as members in an Florida LLC. "Shared
Dreams" annual expenses including captain & crew fees, overhead,
management, dockage and maintenance will be divided equally
amongst 11 shares of ownership. |
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| More specifically, ten (10) shares will be sold for $90,000
US per share and 1 shares will be retained and owned by William
Charbonneau for 30 days. Each
share grants an owner 15 days of use of the vessel per year. It
also provides each owner with the opportunity to share in
revenues generated from charters of the vessel on days not used
or the capability to trade days with members of &hated
fractional yachts owned by sister LLC's in the future*. |
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| All members will be responsible for a $15,000 US per share
annual membership fee. |
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| This fee will not only pay for the annual
expenses to own, operate and maintain the yacht but additionally
a portion of the annual fee will be placed in a reserve fund.
The reserve fund in addition to the residual trade in value of
the 2009/10 Sunseeker 47' Portofino will allow for the acquisition of a new yacht
of equal or higher quality every five to seven years. |
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| This unique aspect to the proposed NFYO structure will
provide members the ability to sell his or her share in the
future, if desired, without the investment vaporizing as the
yacht ages and depreciates. Members will also share equally on a
prorated portion of the depreciation and tax benefits generated
through ownership. |
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| Fractional ownership is not a new concept, but what will define NFYO as the
Superior choice in the marketplace will be the quality of the vessels,
the age of the fleet, quality of it's staff and the services provided.
NFYO will provide some innovative and unique services separating
it from its competition such as individual linen service, access and use of a
13' Nautica tender for discounted rates. |
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| GENERAL OVERVIEW OF FRACTIONAL OWNERSHIP |
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| The basic concept of fractional ownership is based on
bringing like-minded individuals together to purchase large
capital outlay assets typically with very high maintenance
expenses, time consuming management responsibilities and
sometimes high depreciation rates. When proper systems are in
place and expectations are set from the beginning, fractional
ownership arrangements work out very nicely for the member. |
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One of the biggest perks to fractional ownership is the
ability to get much more asset for the money. When you consider
you can now get a $900,000 brand new state of the art 45' Sunseeker
yacht for the price of something less then half that size,
around $90,000, you start to appreciate the ownership model.
Typical yacht owners only use around 20 days per year and
with this single share you would have 30 days at your disposal.
Now consider taking all the headaches of typical yacht ownership
out of the equation such as, hiring a captain and crew , paying
port fees (except while traveling), handling taxes, keeping the
yacht cleaned and making sure that all the subcontractors you
hire are doing their jobs and not just taking your money. Oh
yeah, and did we forget about those high insurance premiums or
minimal coverage many owners need to deal with ? |
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| Oil changes, tank cleanings and the list goes on and on.
Forget about it you will never have to deal with any of that
again! Now you can live that luxury yachting life with the ease
that you have dreamed of. |
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| The history behind fractional ownership is long, however it
was not until the late 1980's when Nefjets paved the way for
fractional ownership in Jets that this concept really started
making sense. With the luxury of today's technology we can take
advantage of the internet to logically handle all aspects of
asset management including flexible scheduling. |
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| One Just has to take a look at the successful model
formulated by Exclusive Resorts and
see the vision of "NET Yachts". |
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