3/10

Franchimp Summary Rating

1 /10
Earnings Transparency
4 /10
Investment Accessibility
Higher than 60% of peers

Franchise Summary

Description
The franchise offered is for the establishment and operation of a fractional boating business which offers sailboat and/or powerboat shared usage memberships.
Company Background
SailTime is a fractional boat sharing company that operates out of the United States. SailTime offers memberships for both sailboats and power boats, with secondhand boats also available for purchase if you're looking to get into boating without the hassle of ownership. We offer all types of sailing experiences, from lazy day trips to long distance voyages. There are three membership plans to choose from: Full Time, Weekend Warrior, and Day Sailor. All SailTime members have access to their own private "virtual fleet" on our website where they can book reservations 24/7 at any time or date in advance!
Franchise Opportunity
I love boating but most boats are too expensive for me to own. The best solution is a fractional ownership program, which allows you to enjoy the use of a boat without having to pay for its full cost or maintenance. With SailTime, you get access to the fleet of over 2200 sailboats and yachts in more than 300 locations around the world at an affordable price. SailTime offers flexible memberships that allow you to use their fleet as much or little as you want, from one day per month up through full-time use with no fixed term commitments. Their membership options include unlimited usage days on any available yacht, weekly usage on specific yachts (with guaranteed availability), monthly usage on specific yachts (with guaranteed availability), and seasonal usage with no commitment required.
Corporate Structure
The SailTime Group, LLC is a Maryland limited liability company with a principal place of business at 105 Eastern Avenue, Suite 102, Annapolis, Maryland 21403. Their parent company is Sea Style Acquisitions, LLC, a Maryland limited liability company.
Investment and Franchisee Fees
The total investment necessary to begin operation of a SailTime franchise is from $74,675 to $147,950. This includes from $53,000 to $63,000 that must be paid to the franchisor or its affiliate.

Earnings Transparency

1 /10
This Franchise discloses much less information about the financial performance of their franchisees compared to other franchises in the same industry

Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet

Employee Contact Database

# Name Position Phone Number Email Address

Distribution of SailTime Franchisees

SailTime Franchise System Development in 2017

Historical SailTime System Growth

FAQ

How much investment do I need to start my own SailTime business?
Franchisees typically require at least $74 to $151 investment to get their SailTime business started
What are the initial franchise fees for SailTime?
Franchisees typically need to pay at least $27 in fees directly to SailTime in order to earn the right to launch their business
How much money can I make with a SailTime franchise? What are the average revenues for a typical SailTime business?
We haven’t done the math on how much revenue a typical SailTime brings in each year. We estimate that other franchisees in the Health & Fitness industry generate $579,475 revenue, so we would expect SailTime to generate a similar amount
How long do I need to commit to running a SailTime unit? What is my contractual commitment?
SailTime franchisees are typically required to sign up to a 10 year contract initially. The renewal length is 10 years. You can of course exit early but don’t expect to get any refund!

Accessibility

4 /10
The Franchisor's investment costs ranges from $180,500 to $1,995,000 which is Much Higher than the $0 to $0 average in the Sports & Recreation industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc

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