As an owner of a sponsored hire boat, you will receive 38% of the hire revenue for years 1 and 2 and 32% for years 3, 4 and 5 (reduced due to our higher maintenance costs). Payments are made direct to you monthly in arrears. The return will have the VAT element, damage waiver fee and any optional extras deducted, as these are not included as part of the 38% or 32% return.
After the 5 seasons of hire you’ll be able to either take the boat away for your own use and sail off into the sunset, or alternatively if circumstances have changed, you can sell the boat.
We offer a brokerage service to help sell the boat on your behalf if you wish, or you can use a third party. The benefit of selling through us is that we’ve thousands of subscribers on our social media platforms waiting to here about our 2nd hand boats coming up for sale. This is why all the hire boats that have been sold out of the fleet, have been sold through us. We normally market these within the last season of rental, and most are sold within the same month ready for the end of the season.
Our boats are sought after in the market place due to the quality of fitout we provide, and the care and maintenance we offer when in the fleet – ensuring your investment, and pride and joy, is well looked after.