SYNDICATION MANAGEMENT
How it works
BSA acts on behalf of clients to facilitate the syndication of boats ranging from 40ft-100ft. Boat syndications can range from four to 10 owners depending on how many days' boating you require.
BSA operates a highly transparent financial structure for clients. The normal practice in the industry is to charge a set fee each year to cover all costs. We believe this arrangement is often against the interests of clients, often disguising actual costs. BSA charges a set management fee and all other costs – such as berthing, maintenance and insurances - are split evenly between the owners, offering complete transparency and no additional mark-ups. All fees are quoted and finalised at the beginning of the three-year syndication period so you know exactly how much you will have to pay per annum.
Fast facts:
Typical syndicate ownership:
-
10% boat shares
-
10 shares available in each boat
-
Three-year ownership
-
Net proceeds of the sale at term are divided evenly between owners, NO EXIT FEE.
-
33 days per year plus stand-by days
-
Bookings are administered via an online booking system
-
Full training provided
-
Comprehensive boat management program
-
Full engine manufacturer maintenance and service package
-
Other options available such as four owners with 25% share each or buy an additional share for more time
Our objective:
BSA’s objective is to provide a premium boat management service throughout the term of the syndicate, ensuring maximum equity is retained in your boat.
How we achieve our objective:
-
Constant preventative maintenance
-
Attend to any mechanical issues outside of routine checks to avoid any further damage
-
Attend to any large or minor repairs that can impact on devaluing your boat
-
Regular communication with our clients to ensure complete client satisfaction
-
We have a sensational team who deliver an exceptionally high standard of service and are available on a 24-hour basis
Benefits of our service:
-
Our experience – we understand what is required to ensure a syndicated vessel is immaculately maintained for each owner to enjoy
-
We guarantee your boat will be immaculately clean, ready for each use with the entire necessary inventory including both fresh beach and bath towels
-
We understand all syndicated owners want to gain a maximum return at the end of the contract and know that a quality management service is the key to success
-
Our services can be validated by all of our clients
-
60 percent of all our clients came to us through referral
Management and cleaning services:
Our standard management service includes:
-
Refuelling vessel after each use (fuel costs are additional)
-
Coordination with trades people for any work required and bulk negotiating to get the maximum trade discount
-
Administration – processing accounts, client liaison
-
A detailed cleaning program (including interior and exterior) after each use to ensure the boat is immaculately maintained and presented for each owner
-
Linen, towels, coffee, tea all supplied for each owner
We endeavour to schedule all maintenance between 6am and 9am to eliminate any interruption to boat owners.