Expenses

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GENERAL OPERATING EXPENSES

Yachts have a high initial investment combined with a high yearly recurring cost in operating expenses.  Operating costs vary yacht to yacht but typically fall within the 10-14%.  Furthermore, yacht owners traditionally use their yachts for an estimated 4 weeks a year to a maximum of 9 weeks a year. Therefore, the fractional ownership concept provides you all the benefits of traditional yacht ownership for the time you have available, all for a fraction of the cost. The fractional ownership concept is further enhanced by Aequa Fractional complete yacht management, which includes crew organization, maintenance, provisioning, and much more to provide you with a turnkey solution to the yachting lifestyle.

BASE PROVISIONSGeneral boat supplies, cleaning supplies, toiletries, water & drinks.
COMMUNICATIONSDirecTV, Starlink Internet, Wi-Fi, Spotify, Netflix, Verizon, etc. – each boat will vary.
CREW EXPENSESUniforms, parking, crew meals, transportation & other expenses while working on boat
CREDIT CARD & BANK FEESMonthly bank charges & 3.5% credit card fees charged to each owner individually when paying with credit card to pay for general operating costs.
EXTERIOR, DECK & INTERIOR (EDI)Maps, charts, dock lines, boat supplies, outdoor/indoor pillows, seasonal decorations, water toys, sheets, towels, and other miscellaneous boat needs & supplies.
FUELGeneral operating fuel not associated with owner trips. Typically this fuel is used for hauling the boat for maintenance and/or service purposes.
INSURANCEInsurance costs for boat – typically $2 million liability.
LEGAL & VESSEL DOCUMENTATIONRegistration, tax preparation, filing fees & other city or state legal documentation costs and/or legal fees.
CLEANINGMonthly or weekly general boat washes, depending on the season & usage of the boat not associated to an owners trip & general laundry cleaning such as throw pillows or other routine laundry Cleaning.
GENERAL MAINTENANCERoutine monthly, quarterly, and yearly maintenance such as oil changes, bottom cleaning & painting, zinc replacement, waxing of hull, teak cleaning & polish, bright work, and hauling of boat.
PROPERTY TAXProperty Taxes to be paid annually.
SERVICINGCosts to fix any broken or failing mechanical or physical features of the boat.
SLIP FEE & ELECTRICALMonthly slip fee with electrical costs.
UPGRADESUpgrades or improvements made to increase the value of the boat such as; new carpet, stereo systems, engines, refurbished upholstery, equipment replacement, etc.
MANAGEMENT FEESFee is calculated by a percentage of the total general operating costs of each boat. Management fees include concierge services & coordination, daily management & care of the boat, captain & crew
management & accounting services.