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.

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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. 

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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

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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

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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

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We endeavour to schedule all maintenance between 6am and 9am to eliminate any interruption to boat owners.