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Monocle Fractional Yachts

• Release date : 03.05.2016
• Developer by : Lightcast.com
• Categories : Apps
• Languages : English, German
• Countries : United States, Canada, United Kingdom
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Monocle's Fractional yacht ownership program is a smart lifestyle investment bestowing unforgettable vacations and incredible adventures at an unparalleled Value. Monocle is transforming the world of yachting and chartering. Cruise the turquoise waters of the Caribbean and the Bahamas or the cobalt blue of the Mediterranean experiencing the pleasures of yacht ownership once only affordable by the rich and famous. Imagine cruising on your own private yacht, on your own schedule enjoying the best diving, fishing, golfing or the finest dining and the trendiest night life at a fraction of the cost. Monocle gives you a carefree and affordable fully crewed yacht ownership program that will exceed all of your vacation expectations.

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• Created Date: 2016-05-02 16:04:10
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Monocle Fractional Yachts

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2 New Reasons to Buy Fractional

• By Yachting Staff
• Updated: November 3, 2014

Hybrid Monte Fino 80

Monocle Fractional Yachts has added an 80-foot Monte Fino motoryacht and a 58-foot Donzi sportfishing yacht to its fleet, with both yachts having hybrid propulsion systems by ReGen Nautic.

“We have all seen the steady rise and success of hybrid car sales over the past several years, and we wanted to bring the same benefits to our clients and to the yachting segment we cater to: reduced fuel consumption, environmentally friendly operation, less noise and pollution, smart systems and (compared to conventional diesel power) much longer component life and far fewer repairs that equates to less downtime,” Loren Simkowitz, founder and president of Monacle, stated in a press release.

The ReGen Nautic systems combine electric motors, generators and batteries into a “hybrid square” that is managed by a switching box and automated programming to transition among power states underway.

To learn more, visit www.monocleyachts.com.

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dan1000 Member

I am looking very seriously at buying a portion of a 2009 Hargrave 100' raised pilothouse yacht called "Perfect Harmony" that is being managed by Monocle Fractional Yachts. I'd be interested to hear from anyone with insights about this boat, about Hargrave or Monocle, or about fractional yacht ownership in general. My situation is that my family of 4 has just finished a fantastic season aboard our Sea Spirit Passagemaker 60 trawler (which appears in a review somewhere here on YachtForums). But our aspirations have changed completely since we bought that boat. Originally, we wanted to spend a lot of time at sea, being very independent, and exploring for several months at a time. But having done a little of that, we now recognize that we enjoy exploring a chain of islands such as the Exumas for a few weeks, and then returning to land-locked life. We also found that (unlike many!) we greatly enjoy having family and friends aboard, and found that we needed a little more room than Sea Spirit provided us with. So, with intended usage of 6 - 8 weeks per year, fractional seems to make sense for us, but I'm keenly interested in what you folks have to say about the choices I've listed above (Hargrave/Monocle). I've looked in the "Hargrave" section here on YachtForums, but haven't quite found the insights I'm seeking. Thanks in advance Dan

Capt J Senior Member

I manage a yacht for an owner that also has a partnership in one of the Monacle 100' Hargraves and he is very happy with it. Aside from the entrance price, it costs him around $40k a year maintanence for his 4 weeks a year. , 2 weeks and 2 weeks and the boat runs a crew of 4. The downside is that his 2 sets of 2 weeks are on the same weeks every year. Although some of the partners trade their weeks around to a small degree. Other downside according to him is that the boat is in 2 different places. Northeast for the summer and Carribbean for the winter. 6 months at each place which can be a little too early or a little too late for the proper weather. He feels it would be better if the weeks were split into 3- 10 day blocks and the boat was in 3 different places to better suit the weather or seasons. That being said he thoroughly enjoys it. Also, his 50-60' yacht here in Florida costs him as much to maintain a year and he uses it about the same amount of time and feels it's not worth it to own the 50-60' for the amount of usage he gets with it.

Oh, and the crew is run completely ragged and has a high turnover. They have 40 weeks of guest on-board in 2 week blocks, 3 days of turnover between guests another 60 days or 9 weeks of turnover......so that's 49 weeks, a 2 week yard period......so essentially the crew is working 51 weeks non stop out of 52 weeks. But, if the schedule fits your schedule than it's a good deal for you at $40k maintanence a year for 4 weeks of usage.

NYCAP123 Senior Member

Other downside according to him is that the boat is in 2 different places. Click to expand...

NYCAP123 said: That needs to be a primary concern when choosing a boat, probably even more important than the boat itself. Are the locations suitable to you? Another really big downside. Should the person who gets x-mas/New Years and Easter pay the same as the guy who gets say late October? Some companies have this figured out pretty well, while others don't seem to want to do the extra work. One way is to sell shares (days) instead of weeks and giving first choice to the largest share holder, etc. Another would be to hold a lottery for prime times such as holidays. This is basically a Timeshare, except that Timeshares often have mechanisms in place for people to use their times at different locations. Despite this many timeshare still go unused after a few years. So the devil really is in the details with fractional ownership agreements. Click to expand...

Capt J said: Well, on the other hand you know what weeks you get when you buy into it, so you know. Click to expand...

Thanks for the responses so far. I had not considered the crew burnout aspects. Yes, the boats run 40 weeks per year, and are "off" the remaining 12 weeks, but it's 3 or 4 days between each owner-changeover rather than one 12 week chunk off. We are looking at 6 weeks that would be blocked together for us in the Spring, which is our preference (we home-school our kids, so have a lot of flexibility here). 6 weeks is plenty for us, but I can see how anyone looking to be aboard for much more than about 10 weeks would be better off with outright ownership. I also agree that the choice of cruising grounds is important, and is decided a year in advance by some sort of super-majority vote of the owners. My understanding is that the Hargraves are well built. Has anyone heard anything to the contrary? Similarly, any comments specifically about Monocle? Once again, thanks very much for sharing your experiences and thoughts with me. Previously I have found YF to be an invaluable source of insight, although I recognize that what one receives when one asks for opinions and anecdotes is "input", not "answers". Dan

dan1000 said: Thanks for the responses so far. I had not considered the crew burnout aspects. Yes, the boats run 40 weeks per year, and are "off" the remaining 12 weeks, but it's 3 or 4 days between each owner-changeover rather than one 12 week chunk off. We are looking at 6 weeks that would be blocked together for us in the Spring, which is our preference (we home-school our kids, so have a lot of flexibility here). 6 weeks is plenty for us, but I can see how anyone looking to be aboard for much more than about 10 weeks would be better off with outright ownership. I also agree that the choice of cruising grounds is important, and is decided a year in advance by some sort of super-majority vote of the owners. My understanding is that the Hargraves are well built. Has anyone heard anything to the contrary? Similarly, any comments specifically about Monocle? Once again, thanks very much for sharing your experiences and thoughts with me. Previously I have found YF to be an invaluable source of insight, although I recognize that what one receives when one asks for opinions and anecdotes is "input", not "answers". Dan Click to expand...

Capt J said: One thing all of the owners and you are failing to realize, is that it takes 3 days of work to Turn that boat around, clean the exterior, the interior, linens, provision, maintanence before the next group. So, the crew doesn't get any time off in between guests. Think about it, a washdown takes an entire day, then you have a day of cleaning the tender, cushions, polishing stainless, etc etc etc........just for the mate......then the stewardess has an entire day doing laundry and putting the stuff back on the beds, etc..... a day or two cleaning the interior etc......... The only way I could see this deal work well for everyone and the crew is either 8 owners max, and 32 weeks of usage max (which is still a lot), OR have 2 identical boats, and 3 complete full time crews and rotate each set of crew for 2 weeks off every month.........It seems to be working on the 1 boat I know of, BUT they go through stewardesses and mates every 2 months......OHHH and the owners are encouraged to NOT tip them.......so why wouldn't they just go to a busy charterboat making more money and less work....... Click to expand...

NYCAP123 said: Of course a well run operation could have a dock crew that hits the boat when it arrives washing the outside and interior in a few hours, leaving the crew to do the prep work at an unstressed pace. That could easily cut that 3 day layup down to 1, and save them from replacing and retraining crew every few months (not to say it's the way most do it). Personally, if I were laying out that kind of money, I'd like a boat where I'd have the same crew each time, and I'd hate to be out with a crew who has burned out and is planning to leave soon. Click to expand...

Your point is very well taken. I suppose it comes down to this: I need to find out if, as you say, the crew come and go with the wind due to poor working conditions and sub-par pay (which is what you are inferring), or alternatively they have a system in place that satisfies and retains crew without burning them out (which is what I have been told). If it is indeed the latter, I need to better understand how the crew's needs and expectations are met. About the tipping: My understanding is that the crew receives a fairly generous annual bonus from the owners (via Monocle). It's not a tip, but it's real money just the same. Capt J: While I would certainly ask the questions differently from the way you have posed them, they are the right questions, and I thank you for raising their importance in my mind. Dan Capt J said: One thing all of the owners and you are failing to realize, is that it takes 3 days of work to Turn that boat around, clean the exterior, the interior, linens, provision, maintanence before the next group. So, the crew doesn't get any time off in between guests. Think about it, a washdown takes an entire day, then you have a day of cleaning the tender, cushions, polishing stainless, etc etc etc........just for the mate......then the stewardess has an entire day doing laundry and putting the stuff back on the beds, etc..... a day or two cleaning the interior etc......... ........the owners are encouraged to NOT tip them.......so why wouldn't they just go to a busy charterboat making more money and less work....... Click to expand...

For sure. I think Capt J's concerns have merit in theory, but I need to speak to some happy or unhappy actual owners or crew in order to know the truth in practice. NYCAP123 said: Personally, if I were laying out that kind of money, I'd like a boat where I'd have the same crew each time, and I'd hate to be out with a crew who has burned out and is planning to leave soon. Click to expand...

Also, FWIW, the fraction we're looking at is 6 straight weeks, all at one time, not split up. The downside for the crew is they have to put up with us for 6 weeks. The upside is that they presumably could then get 3 x the usual number of between-owner days at the beginning or end of our stay. I'm not sure what the "typical" fraction is. I know they sell 10% fractions and allow people to add on as many 5% fractions as they want. If everyone does like me and takes 15% in one big lump, it significantly changes the equation in terms of allowing more down-days in between owners.

dan1000 said: Also, FWIW, the fraction we're looking at is 6 straight weeks, all at one time, not split up. The downside for the crew is they have to put up with us for 6 weeks. The upside is that they presumably could then get 3 x the usual number of between-owner days at the beginning or end of our stay. I'm not sure what the "typical" fraction is. I know they sell 10% fractions and allow people to add on as many 5% fractions as they want. If everyone does like me and takes 15% in one big lump, it significantly changes the equation in terms of allowing more down-days in between owners. Click to expand...

K1W1 Senior Member

Capt J said: I manage a yacht for an owner that also has a partnership in one of the Monacle 100' Hargraves and he is very happy with it. Click to expand...

I can talk to the owner that has a partnership in a Monacle Hargrave. He's a super nice guy and probably wouldn't mind talking to you about it. He has no problems using the same weeks each year. He is very happy with the situation and it meets all of his expectations. He is partners on a different Hargrave than the one you're looking into......The Captain and another crewmember have been on the boat a long time. Most owners wouldn't even notice that the other crew turns over a lot because they're only on the boat every 6 months......He's had the partnership for a couple of years and like I said....it only costs him $40,000 a year for his 4 weeks and I think that even includes when he's on it....... The other question I have, is what happens as the boat gets old.......I'm guessing your share price would go down with the value of the boat just like depreciation on a yacht........ If you had 2 boats with 3 sets of crew, you could even rotate them and keep them on the same weeks with the same owners, so the owners in reality wouldn't even know there's another set of crew unless they swapped weeks with another owner...... He's actually interested in going partners in a late model 70-80' MY that is kept here in South Florida and travels maybe NE, Bahamas, etc.....his needs are 4 staterooms, full beam master, nice crew quarters.......

Mmm. Another good question. But no, that's not how it works at all. The "down-days" are pooled to the "ends" of the block. They are not turned into extra owner-use days. Also, I asked whether Monocle puts the boat into charter during any non-owner time. The answer is no. Down time is down time. However, owners can choose to charter their fractions instead of using them, though apparently it happens only very rarely. As for care and maintenance of the crew during a 6 week block, I think this will be either easy or difficult depending on the people involved. For us, we're used to giving crew a lot of off-time while we're on the boat -- sometimes sending the crew home for a few days, other times just "local" days off without duties. But we may be unusual in this regard, and perhaps other owners wouldn't feel the same way. Dan NYCAP123 said: That means 6 straight weeks with nary a day off for the crew unless you provide for it. I doubt the employer would see it as an opportunity to give the crew a vacation afterwards. They'll have the boat back out making money as soon as it can be cleaned up and reprovisioned. Is there an opportunity to charter the boat on a trial basis? That would give you a chance to talk with the crew and get a feel for the experience. Click to expand...

PM has been sent today. -- Thanks. K1W1 said: Hi, Maybe the two of you can have a chat and see if it is possible to meet or at least communicate directly with the Owner CaptJ is working for. Click to expand...

aviator4512 Member

My parents and I spent some time with Loren Simkowicz, Monocle founder and President, at FLIBS last year and the whole operation seems very sound. Loren maintains a great relationship with the Hargrave team, which he capitalizes on by purchasing several boats from them at a discounted price. Loren believes that by bringing together like-minded individuals who want an effortless yachting experience for only a couple of weeks a year (Generally 4 weeks) - that he can pass on the savings as opposed to owning the vessel outright. There are no headaches, but as mentioned before there are some drawbacks. Obviously location and crew could be potential issues although Loren assured us that locations change each year by popular vote amongst the owners. One of the drawbacks that we discussed is the fact that these Hargraves are very "plain jane" and are almost identical to each other one in Monocles fleet. Now if the Hargraves aren't your cup of tea, Monocle has had some success selling shares on all types and sizes of vessels for owners all over the world. Overall - Loren comes from a business background and can provide good information on tax benefits and the like. One interesting thing to note is that two vessels which are in Monocle's fleet are on the market: Perfect Harmony 100' and Vitesse 68'. I know they are also planning on brining that new Hargrave 136' to the fractional market and are actively pursuing interested parties. All-in-all, for the value, this business model makes good sense if the right management team is behind it.

This I know for a fact, on the 1 that I am familiar with. You have 20 2week blocks of owner usage....... 3 days turnaround between each 2 week block (60 days or 9 weeks), in my math, that works out to 49 weeks of work for the crew. Then there is a 2 week yard period, so you have 51 weeks of usage out of a 52 week year. The only downtime the crew gets is if an owner does not use his entire 2 week block for whatever reason. The boat also does a lot of anchoring to save money which is difficult on the crew as well. From an owner standpoint it works out very well. Where else can you have 4 weeks use of a 100' fully crewed for around $40k a year in maintanence. You can't charter one for more than a week for that price. The other issue is the boat spends 6 months in 2 locations.....a majority vote can change the locations, but only 2 locations so all owners have their weeks at the same place......... well 6 months is too long for the Carribbean season and part of that is too cold, or too far into Hurricane season.......and the other 6 months is too early and late into the season if they bring the boat to say Martha's vineyard......

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A Yachts Guide to Fractional Yacht Ownership

The fractional ownership model is one that has enjoyed significant success in the business aviation, real estate and various other sectors, but despite its obvious merits and seemingly perfect compatibility with the yachting sector, it is an ownership format that has yet to gain widespread traction. We take a look at several initiatives that are performing well in an effort to discover the secret of their success…

‘The old line about the happiest days being when you buy the boat and when you sell it is true,’ says Michael Joyce, Chairman and CEO of Hargrave Yachts. And while he is banking on more people finding joy in buying than selling, he is honest when asked about fractional yacht ownership, ‘It believe it is the future of the industry,’ he says. Several US companies recognized the need for a new approach to yacht ownership and have created a new model for attracting people in a harmonious, lifestyle-centric way.

What is Fractional Yacht Ownership?

Depending on your priorities, there are options and advantages to weigh while evaluating what can work for your lifestyle. Dr. Loren Simkowitz of Monocle Yachts pioneered the fractional yacht ownership business in 2000 because he saw it as a fun and affordable way to get people into yachting, while eliminating the high cost of equity. ‘The average honeymoon period for most yacht owners is 18- months,’ he states, ‘Then there’s a danger they can get tired of the issues and it takes the fun out of it.’ As an experienced property manager, Simkowitz saw the potential of managing the assets so the owners didn’t have the responsibilty-just the pleasure of having a fully staffed, provisioned and maintained yacht for their valuable R&R time at sea.

Currently, with 45 vessels ranging from 80 to 200′ feet in its fleet, Monocle Yachts handles all aspects of management and sells 10 percent shares in each yacht, entitling the owner to four weeks of yachting. Though the investment is 10 cents on the dollar, according to Simkowitz, it is ‘not just about the money.’

Benefits of share ownership

The true benefit is lack of commitment to operational affairs. ‘People are busy,’ he says, ‘They have multiple interests-they don’t want to do just one thing.’ Plus, if something does go wrong with the yacht, rather than face a potential $50,000 repair bill, his fractional owners looks at 10 percent of that, ‘You don’t have to worry,’ Simkowitz says.

The ownership group decides on locations, with recommendations by management, so the yacht can move from place to place, with current favorites being the British Virgin Islands, Bahamas and other Caribbean destinations. The Mediterranean is also a draw, with the Cote D’Azur and more recently, European destinations like Croatia and Venice adding new dimensions. Crew is key and some captains and stews have been with Monocle for over 10-years.

Capt. Ronald Paxton, who has worked in both private and fractional yacht service, told us, ‘Fractional Yacht ownership relieves owners of the commitment of owning a boat and makes the trip genuinely feel like a holiday. For the crew, the variety is good-the cruisers are constantly changing. For families, the trip is activity-based, while for business it is entertainment-based for couples or clients and partners.’ When the guests return, there is no stress over first-time meetings. ‘We have all got to know each other previously, so it’s nice when they come back onboard,’ he adds. A crew network is another advantage. ‘There is a great pool of information,’ says Paxton, ‘Many of the boats are similar, or crew have been to the same destination and have inside knowledge that can answer questions, offer helpful information or solve problems in advance.’

While the brand list of Monocle Yachts is broad, Simkowitz recently bought a number of 80′ Hargraves. ‘They are an excellent value, roomy, American-made and the builder provides great service,’ he says. Mike Joyce agrees that service earns re-orders. ‘We understand that people have limited time on the boat. We appreciate how hard people work to get out there so we do whatever is needed to help them.’ That includes using Caterpillar engines and its in-house, worldwide concierge service.’Loren understood service from day one. Selling the shares is easy- it’s everything that happens afterwards.

Fractional vs whole ownership

He is used to dealing with non-stop chaos.’ Joyce compares fractional yacht ownership to jet ownership. ‘Jets take it a face value-yachting, people are skeptical, but the more people do it, the more popular it will become. If I’m not going to own a yacht, let me get the best experience. I can get a 100′ experience for 40′ money. I can own a portion of 4-5 staterooms and a phenomenal crew. Everything is ready, the crew is at attention-Loren delivers.’ Simkowitz’ model keeps yacht ownership simple. If people want more time on board, they can buy additional shares. ‘People don’t NEED a boat,’ he states, ‘Yachts have the same appeal they always had, but now we can keep the costs down; yachts have gotten expensive- what used to cost $4-5 million is now in the teens. Billionaires can easily afford the boat but 55-70 is the time of your life to enjoy it!

Our owners are real people-genuine-they don’t want the responsibility. They can swap and go to another boat and if they want out, we can buy them out or owners can put their boat in the program. Most don’t use them and they sit idle 65-70 percent of the time,’ Simkowitz says. ‘Management is the key and we provide consistency with the asset; you own the boat, it is just more care-free!’

SeaNet Fraction Yachts launched their concept in 2003, based on what they now call the ‘Regional’ program where yachters have a quarter equity position in a 60-80′ boat for 70-days per year. We spoke to the company’s President, Mike Costa, who explained their boats range in price from $300,000-750,000 and are located in Southern California, the Mexican Baja or Florida Atlantic coasts. They can be used daily or for longer trips and all the locations are available to equity partners.

SeaNet expanded into a ‘Fleet’ program that features new Benetti 93′ Delfino yachts, at ports in Europe, the USA and Caribbean and being added in the near future are new Benetti 108′ and 132′ yachts. Costa states that SeaNet has a ‘great partnership’ with Benetti, ensuring a consistent high quality in build and maintenance.

Quarter shares are sold at ownership costs, plus a share of the operating expenses. SeaNet handles all customer interactions through its luxury concierge service and also handles all yacht management. SeaNet of- fers a ‘Direct ownership relationship’ as the vessel is held as an asset by an LLC; owners have an operating agreement with opt-out clauses. Priority of who selects dates first changes each year, thus ensuring equal distribution of time. Shares are traded like stocks, meaning they can be sold at any time by the owners or by SeaNet.

As a third option, SeaNet offers a one-year, entry level ‘Yacht Membership Card’, priced between $79,500 to $163,800, entitling the holder to 28 days aboard a 50 to 80′ European-built yacht. Crewing, maintenance and service is included and members can use a single yacht or experiment with others in the fleet, booking for hours or weeks. Provisioning, fuel and mooring are the responsibility of the member, but otherwise SeaNet states, ‘Your only responsibility is to relax and have fun on the water.’

Fractional vs charter

‘It’s not really about money, it’s about time!’ states Costa, ‘All they have to do is show up and have a good time, without having to worry about the yacht crew, service or a contract. Many of our customers have multiple homes-skiing in the winter and off to the desert in the spring-they don’t have a lot of time but still want to enjoy the yacht ownership lifestyle. We only have so much time on this earth, we might as well enjoy it!’ Both Monocle and SeaNet can offer tax advantages for asset owners, but there is another non-tax oriented option for fractional yachts use.

Fleet Miami, a new membership club, offers an easy way to give yachting a try. What happens when a businessman acquires a number of yachts, docks them in various ports, then realizes that he can’t use all of them? He decides to share his newfound love of the sea with others and Fleet Miami is created. ‘Charters are complicated. At times the contracts can be more detailed than buying a house and if the weather is bad, or there is an emergency and you can’t make the trip, it can become a less than satisfying experience,’ says Captain Glen Allen who yacht owner Michael Saylor first hired to literally teach him the ropes of yachting.

‘He had assets and decided to put them to use-the club formed itself,’ he adds. With a variety of yachts located not only in Miami, but also in Washington DC, New England, New York and the Med, Fleet Miami concentrated on utilizing its important personal assets; keeping crews busy, motivated and properly trained for each yacht. Fleet Miami makes it as simple as possible to enjoy yachting-a single page agreement is ‘less formal’ says Allen, a member buys ‘credits’ that are banked against future trips; the credit value varies dependent upon which yacht is used and the length of the trip.

Fleet Miami’s armada ranges from a custom-built water shuttle that conveniently jaunts from dock to restaurants and clubs in Miami, to the 154′ Delat, named Usher-ideal for the Bahamas and Keys with its 56′ Hampton support boat, and the 147′ Feadship, Harle with its 54′ Eastbay ‘support’ boat’ that has resided in the Mediterranean. The choices fit the member’s yachting mood for the day, week or fantasy trip. The membership ‘buy-in’ is structured into levels: Silver at $250,000 for 275 credits; Gold at $500,000 for 575 credits; Platinum at $1,000,000 for 1,200 credits.

Reservations for any yacht can be made hours or weeks in advance and member charters at $1,000/credit are also selectively booked. There are no penalties or fees except for provisioning, unused monies are refunded and you can cash out at any time. ‘Fleet Miami provides the ability to go anywhere and be at home on a yacht,’ says Allen, ‘And members will have the same high-quality yachting experience on any Fleet Miami boat.’ Partners differ from members in that they can put their own boats into the Fleet Miami program, benefit from its management and staffing efficiencies, use their own boats, charter them out to others or have Fleet Miami handle that as well.

The result? Busy boats and yacht crews who are not sitting idle, deteriorating or becoming bored. Allen calls the club members and partners, ‘Modern yachtsmen,’ businessmen with a flair for yachting. They are passionate, want to do things properly, but don’t have the time to dedicate to it.’ Unlike the yachtsmen of yesteryear who cruised without care,’Today’s yachters want to move about the planet and thanks to new technologies, can be in their offices no matter where they are,’ he adds. So while many yachts now include offices and most host every type of electronic technology and connectivity, yachters have the choice to escape business and the constant connect while at sea, or they can take their business aboard-flexibility is key.

With fractional ownership and membership possibilities, yachters can also choose how much responsibility they want for the asset itself. ‘I believe the world has changed,’ says Joyce, ‘People feel differently now-they are using more common sense. If you’re lucky, you get to spend time on your boat. Otherwise, you don’t get to use it. It is not ego-driven it is experience driven. Anything that can bring the cost down makes sense. Fractional Yacht ownership may be the answer.’

Fractional Yacht ownership: An owner perspective and costs

Will Ferguson owned a couple of smaller yachts, alone and with partners, before deciding to step up to an 80′ Hargrave through Monocle Yachts fractional yacht ownership. ‘I’ve always been a boat guy, but it takes a lot of mental energy and I’d feel guilty for not using it,’ he told us. ‘For me the boat became an anchor and I felt I was becoming a slave to my possessions.’ Now, Ferguson boats about once a month and finds fractional yacht ownership affordable and ‘just right’ for his two-week trips.

‘Americans don’t get away for more than two weeks and that gives the crew time to service the yacht. If your boat is not crew maintained, you spend the first few days in mindless prep time,’ he states, ‘Now, the engines are turning when we step onboard and we are ready to go!’ Having chartered often, Ferguson terms it an ‘uneven experience.’ He explains, ‘all charter companies do things a bit differently, and by the time a boat is in charter, there can be a danger it is a little ‘tired’.’

With fractional yacht ownership, Ferguson says he knows what he getting and has many possibilities: ‘The Bahamas this year, Maine and the Windwards next year?’ he hypothesizes, Ferguson also notes there are no additional costs except provisions and gas, and as a business expense, there are tax advantages. Since he shares the yacht with a small group, they have a relationship, but it is a ‘real business deal-I’m just surprised that half the boats on the water aren’t fractional.’ While he considered buying an extra share to extend his yachting excursion, Ferguson admits that there is not enough leisure time given he still likes to ski as well.

But for this fractional owner ‘yachting is pure pleasure. We can be self-sufficient in a remote location-we like hanging out and my kids love to swim. Nobody needs a boat and it is an absolutely ego-driven discretionary purchase. We can talk practicalities all day long, but I still believe it is ego-centered,’ he comments. ‘In cocktail conversations, in my blue blazer, I have that ‘Master of the Universe’ feel-it’s pretty cool!’

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ON-DECK MASTER WITH DROP OPEN BALCONY

108 FEET ZERO SPEED STABILIZERS 5 STATE ROOMS ON-DECK MASTER

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Length: 108' ft

State Rooms: 5 with On Deck Master

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> > Florida Department Of State Business Registration · Updated 7/16/2024 Write Review Upgrade Claim is a Florida Assumed Name filed on May 24, 2022. The company's filing status is listed as Active and its File Number is . The company's principal address is 2929 E. Commercial Boulevard Suite 506, Ft. Lauderdale, FL 33308. The company has 1 contact on record. The contact is Monocle Yachts Worldwide LLC from Ft. Lauderdale FL. Company Information Company Name:   Entity Type:   FLORIDA ASSUMED NAME File Number:   Filing State:   Florida (FL) Filing Status:   Active Filing Date:   May 24, 2022 Company Age:   2 Years, 2 Months Principal Address:   Ft. Lauderdale, FL 33308 Company Contacts MONOCLE YACHTS WORLDWIDE LLC Owner 2929 E. Commercial Boulevard, Suite 506 Ft. Lauderdale, FL 33308 Reviews Write Review Questions Post Question ADDITIONAL LINKS Copyright © 2012-2024 · Bizapedia.com · All rights reserved. 381 COMMENTS Fractional Yachts, Yacht Timeshares & Affordable Yacht Ownership Why risk your family's health traveling with thousands of strangers when now is the perfect time to safely cruise on a private yacht at a fraction of the cost. Monocle Fractional Yachts invites you to a one-week trial cruise with your own private crew ensuring an amazing, relaxing and safe vacation. Don't miss out, call us today! 954-563-5808. Our Fleet Purchasing a fractional share of a yacht is a safe investment because your investment is low, your quarterly contribution toward the operating expenses is minimal, and when the time comes to sell your share it's quick and easy. ... Monocle Yachts Worldwide LLC 1040 Bayview Drive, Suite 528 Ft. Lauderdale, Florida 33304 Telephone (954) 563 ... The Monocle Advantage Monocle's program is the only comprehensive Fractional Yacht Ownership program in existence today. ... Monocle Yachts Worldwide LLC 1040 Bayview Drive, Suite 528 Ft. Lauderdale, Florida 33304 Telephone (954) 563-5808, Fax (954) 563-7017 Toll Free (866) 563-5808 . Monocle Fractional Yachts: Annual Cost of Fractional Ownership Dr. Loren M. Simkowitz, founder and president of Monocle Fractional Yachts, discusses the annual cost of fractional yacht ownership. Yacht Owners Seek Fractional Options However, yachts typically will be in two locations per year (i.e., St. Barts in the winter and the Mediterranean in the summer). Monocle's Fractional Program. Since 1964, Monocle has offered yachting experiences to the affluent. Simkowitz launched the fractional portion of the company in 2000. "We opened up the world of yachting to everyone. Monocle Fractional Yachts Monocle's Fractional yacht ownership program is a smart lifestyle investment bestowing unforgettable vacations and incredible adventures at an unparalleled Value. Monocle is transforming the world of yachting and chartering. Cruise the turquoise waters of the Caribbean and the Bahamas or the cobalt blue of the Mediterranean experiencing the ... Monocle Fractional Yachts Monocle Fractional Yachts, Fort Lauderdale, Florida. 30 likes. Fractional Yacht Ownership. Through the Monocle program, you no longer have to spend millions to purchase a yacht! Monocle Fractional Yachts Monocle's Fractional yacht ownership program is a smart lifestyle investment bestowing unforgettable vacations and incredible adventures at an unparalleled Value. Monocle is transforming the world of yachting and chartering. Cruise the turquoise waters of the Caribbean and the Bahamas or the cobalt blue of the Mediterranean experiencing the ... Monocle adds hybrid Monte Fino and Donzi yachts to its fractional Monocle adds hybrid Monte Fino and Donzi yachts to its fractional ownership fleet Monocle Yachts Expands Fractional Fleet to Meet Client Wait List Demands Application error: a client-side exception has occurred (see the browser console for more information). SuperYacht Times is the authority in yachting. News, yachts for sale & charter and superyacht intelligence. Fractional Opportunity for Individuals The Monocle Fractional Program saves you millions on your initial capital investment as well as huge savings on the annual operating expenses because of our fleet purchasing power and purchasing wisdom. ... Monocle Yachts Worldwide LLC 1040 Bayview Drive, Suite 528 Ft. Lauderdale, Florida 33304 Telephone (954) 563-5808, Fax (954) 563-7017 Monocle Fractional Yachts Monocle Fractional Yachts is a yacht supplier based in United States providing brokers: sales services to the most discerning superyachts. See more. Monocle Fractional Yachts. Hargrave Fractional via Monocle I am looking very seriously at buying a portion of a 2009 Hargrave 100' raised pilothouse yacht called "Perfect Harmony" that is being managed by Monocle Fractional Yachts. I'd be interested to hear from anyone with insights about this boat, about Hargrave or Monocle, or about fractional yacht ownership in general. A Yachts Guide to Fractional Yacht Ownership The true benefit of fractional yacht ownership is lack of commitment to operational affairs. While the brand list of Monocle Yachts is broad, Simkowitz recently bought a number of 80′ Hargraves. 'They are an excellent value, roomy, American-made and the builder provides great service,' he says. Mike Joyce agrees that service earns re-orders. Monocle Fractional Yachts Details Industry-Leader Monocle is Transforming the World of Yachting through Fractional Ownership. Making Yachting Highly Affordable & Saving Owners Millions. Products & Services Include. Entertainment Organizations & Clubs How does Fractional Ownership work? Monocle has pioneered the use of fractional ownership applied to a specific class of asset, the luxury yacht. Fractional ownership splits the cost of purchasing the asset and managing the asset across a set of owners. Because an independent professional handles management, the fractional owners are free to enjoy themselves and be removed from ... Monocle Yachts Worldwide Monocle Yachts Worldwide , Fort Lauderdale, Florida. 16 likes. Yachting is the Ultimate Luxury Vacation - Monocle's Fractional Yacht Ownership Program is Unparalle Monocle Fractional Yachts Monocle's Fractional yacht ownership program is a smart lifestyle investment bestowing unforgettable vacations and incredible adventures at an unparalleled Value. Monocle is transforming the world of yachting and chartering. Cruise the turquoise waters of the Caribbean and the Bahamas or the cobalt blue of the Mediterranean experiencing the ... Try before you buy! The deposit will be applied to the fractional purchase if you decide to become a Monocle fractional owner. If your decision is not to proceed, then the deposit goes to the yacht and there is no further obligation on your part. ... Monocle Yachts Worldwide LLC 1040 Bayview Drive, Suite 528 Ft. Lauderdale, Florida 33304 Telephone (954) 563-5808 ... Monocle Fractional Yachts Offers Ownership In 33-meter European Ship Monocle Fractional Yachts - the pioneer of the fractional yachting program - has created a new opportunity for yacht ownership with the custom-designed steel-hull yacht Destination. This ship represents a new approach to yacht ownership and design. Destination's owners will have the chance to contribute to the design of this world-class 5 ... M/Y Destination Monocle Yachts Worldwide LLC 1040 Bayview Drive, Suite 528 Ft. Lauderdale, Florida 33304 Telephone (954) 563-5808, Fax (954) 563-7017 Toll Free (866) 563-5808 MONOCLE FRACTIONAL YACHTS in Florida MONOCLE FRACTIONAL YACHTS is a Florida Assumed Name filed on May 24, 2022. The company's filing status is listed as Active and its File Number is G22000064499. The company's principal address is 2929 E. Commercial Boulevard Suite 506, Ft. Lauderdale, FL 33308. catamaran gulet motorboat powerboat riverboat sailboat yacht