In A Nutshell
MONOCLE’S ROLE
Monocle is the management company for the ownership LLC and is responsible for the scheduling, crew placement, maintenance, daily operations and all financial aspects of the yacht.
THE PROCESS:
- Choose a yacht from the FLEET list on our website
- Sign the fractional documents
- Close on the purchase
- Schedule your vacation
MONOCLE FRACTIONAL YACHTS
The Fractional Yacht Ownership Concept “In A Nutshell”
WHY CHOOSE FRACTIONAL?
Monocle brings together groups of individuals who appreciate the joy and enviable lifestyle of yacht ownership without any of the headaches, responsibilities or the prohibitive cash outlays inherent with yacht ownership. One of the exciting benefits of being a Monocle Fractional owner is the unique opportunity to exchange weeks on other yachts in the fractional program throughout the world. Since most yacht owners only use their vessels three or four weeks a year, fractional ownership has become the perfect choice over sole ownership and is 1/4th the cost of chartering..
OUR PROGRAM-AFTER TWICE A YEAR(4 WEEKS TOTAL ANNUALLY)
The purchase price of each yacht is initially divided into 10 shares with each 10% share entitling you to two weeks of use twice a year. You can purchase as many shares as you will use. With the onetime purchase of a share you become a shareholder in the LLC that owns that particular yacht. The group shares in the operating expenses, the use of the yacht, location and all major decisions.
Each individual shareholder can sell their share at any time. The majority of the LLC members can vote to sell the whole yacht or trade it in for a newer or larger vessel.
FOR EXAMPLE:
A brand new 100’ 4 stateroom yacht has a purchase price of $5M and spends $600,000 annually for operational costs.
Each 10% shareholder will contribute $60,000 per year ($15,000 per quarter) toward the total operational expenses.
These expenses include crew payroll, insurance, routine maintenance, legal and registration fees, management, supplies, some dockage, repairs, etc.
They also include consumables such as food, fuel, and dockage.
There is a no tipping policy.
Each 10% share has a purchase price of $500.000
Some yachts offer 5% ownership shares as low as $75,000 with annual expenses of $17,500, while others require a minimum purchase of a 25% share.
The only other expenses are the cost of consumables while aboard. They include food, fuel and dockage, which average $5,000- $6,000 per week. There is a no tipping policy.
