With Your Yacht
We have the Solution
Including migrating your yacht
to Florida in winter for
There is no greater wealth than wisdom, no greater poverty than ignorance.
Under our Yacht Management, there are typically two models of Managed Yacht Ownership:
HOW YACHT MANAGEMENT WORKS
We will create a complete turn-key yacht management solution for you incorporating a revenue plan, scheduling, bookkeeping, maintenance services, crewing and even provide operational training.
The typical yacht responsibilities and tasks are taken out of your way, just leaving the fun and enjoyment of being on the boat with your family, friends business associates and other guests.
Some models are more popular than others and we can give you our recommendations if your wish is to maximize income. Alternatively, you may opt for ownership that allows access to a fleet of boats located in some of the best boating destinations in the world. These yachts are custom made and configured to keep consistency in the fleet.
Although the acquisition of a new yacht may be an effective business tool, the tax benefits must be carefully planned, documented, and implemented. We will work with you and your tax professional to qualify your yacht as a business and legitimately take advantage of tax deductions available to you.
HOW YACHT MANAGEMENT WORKS
Our ownership advisers together with the yacht management company will put your yacht into a revenue program that is rewarding, without the day to day operational tasks typical of owning a yacht. YACHT Solutions will work with and assist you every step of the way; from selecting a yacht by some of the top brands in the world, financing your acquisition, to placing your new yacht into the best program for you.
Ultimately we find a program that fits with your boating ambitions, budget, and lifestyle.
Fractional Ownership vs. Sole Ownership
The Smartest Way to Own a Yacht
There are many different scenarios that can lead to having your yacht into our Yacht Management Program. Owners join our program knowing that their yacht will be meticulously maintained and managed by professional people who care for their boat and value their time.
Benefits of Fractional Ownership
1. YACHT Solutions agrees to market and maintain the yacht and manage all aspects of user activity.
2. Select seasonal members are the only people accessing your boat in our Fractional Program.
3. The owner receives a 9% guaranteed annual revenue based on the value of their boat.
4. The owner does not pay for any fixed costs including dockage, insurance, maintenance, cleanings and storage
5. YACHT Solutions will work with each owner to develop a personalized usage and revenue plan.
6. The boat is located nearby where you can access it easily and frequently.
Show Me The Money
1. Owners are paid monthly which more than covers their loan payment should they decide to finance.
2. Typically, owners put 20 – 25% down and finance the rest through a financial institution which we can help arrange. The loan amortization is 15 years with a 5-year term. At the time of writing the lending rate was 5.99% OAC.
3. You purchase a boat and do not pay GST or PST as we are collecting it on member revenue.
4. You can write off the interest on the loan against your personal income and depreciate the boat 15% per year on a declining basis.
Generate Revenue With Your Yacht
We offer a program that saves money, time and enhances ones lifestyle.
Your yacht is impeccably maintained plus you can plan to use as much of your boat as you need. Each year we sit down with you and customize the yacht business to align with your revenue and boat access ideals. Each seasonal member in our program is screened thoroughly and trained in the operation of the yacht with the required licenses.
The income you earn from will significantly contribute towards the mortgage and there are not many investments that will guarantee you a 9% return.
This program will allow you the freedom to purchase a new yacht while providing an opportunity for it to operate as a business. You as the owner generate a nice passive income where you can literally make your new yacht pay for itself, while you enjoy using it without any of the day-to-day responsibilities. The YACHT Solutions program delivers the benefits of yacht ownership while eliminating many of the hassles.
Yacht Solutions has been managing yachts for over 12 years in the GTA.
Our powerboat fleet is comprised of new Schaefer Yachts in the Great Lakes and some migrate south to Florida in the winter. The Toronto base is the Outer Harbour Marina Toronto just off Leslie Street south of Lakeshore Road.
As a Schaefer Yachts Dealership, the YACHT Solutions team includes year-round office staff, cleaning, maintenance, training and crew members to facilitate a comprehensive yacht management program. We service what we sell and provide a concierge service to our yacht owners and seasonal members. Ours is not a charter operation, but rather an exclusive service for yacht owners and boating enthusiasts. We know each of our yachts firsthand and oversee our yacht operations personally seven days a week.
The ‘personal touch’ is one factor in our success that has assured our boat owners and members, that our staff has consistently delivered quality service over the years.
Getting Started is as easy as 1-2-3