CO-OWNING A SUPERYACHT!
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- Опубликовано: 5 фев 2025
- Many years ago as a young fledgling broker I looked at the possibility of offering yachts for sale on a co-ownership basis. In spite of the assistance of some very smart businessmen and a legal team. we had great difficulty of coming up with a workable solution.
For that reason I was intrigued when Matty Zadnikar from SEANET invited me on board his yacht to discuss his company and his innovative idea for making yacht ownership a more cost-effective proposition.
Brilliant concept and a brilliant and very honest interview, we don't have enough of that in any business. Great interview David.
Wow, what an informative video. Always learn something new on this channel. Kudos and keep up the great work.
Very cool. This is a well prepared out of the box idea. It is a good way to have the benifits of yacht ownership at a reduced price and without the management headaches. Excellent!
The sharing community is on the rise. I see more and more co-ownership, fractional ownership and charter in the future as people focus more on experiences and less on possessions.
I agree. I had this same conversation with Matty. I think it takes time for people to adopt something new, but with time this will be as popular as chartering yachts.
Great work with your channel by the way! You’re producing some excellent content!
@@Yachtsforsaleblog Thanks David! Up for a collaboration sometime, or do I need to grow my channel a bit more first? :D
AQUAHOLIC absolutely up for a collaboration! Drop me an email...
@@Yachtsforsaleblog Awesome, will do!
Can't wait for something from both of you :)
Between this video and Jared watney videos on his RUclips channel about talking with owners, I can't choose between you two guys. Your videos are made to a niche audience. Which I admire.
Why not both? I watch both of them myself. :)
I watch both of these channels along with @superyachtcaptain
Just about covers anything you could want to know about yachting 👍
Wouldn't be for me, I wouldn't even like the idea of chartering out my yacht to people I don't know. With that said, it is a good idea and I am sure will be popular. As always, I enjoyed the video... Keep up the great work!
(I can't wait for that video with Tim Heywood!)
Great job David. As always, very entertaining, and informative. I really like how you posed the questions in text for people to read it, and hear the responses. I thought it was very cool. Thanks for another great video.
This seems like a brilliant idea! The transparency and honesty is refreshing, the idea that they go thru a "filtering" process that gets people in the right direction. I can really see new people trying the yacht lifestyle out in this manner, maybe do co-owner for a couple years then move on to sole ownership if that's their desire. Or maybe say a American small yacht owner wants a few weeks in the Med but doesn't want to ship their yacht, this would be a way to accomplish that
I've worked with about ten Croatians in my life. Every one of them were great guys.
I like the fact about him, that he don’t just wants to sell his co ownership, but that he tells the people if he has the feeling that they might be more happy if they got their own Yacht for themselves
Awesome video. And a wonderful idea for those who only want a Yacht part-time.
Well David, thank you for another outstanding video. Extremely informative and well done. Please pass on our appreciation to Maddy for his insight and for being so candid.
I think I might have to investigate this concept a little further...😎
Cheers mate.
One of your best videos. Great concept and perfect for my family. Thank you for the introduction to SeaNet
Perhaps it is the first step before owning One your own. Best Channel absolutley.
I see fractional yachting becoming even bigger. I saw this concept a few years ago and thought it was a great idea. David, you didn't talk about selling your fractional ownership at some later point.
I'm a bit curious about that as well
David, here is the company I remember from a while back: ruclips.net/channel/UC_M3sjOxH-LD_g6-xeRwzRQ
Exactly. People with money always want to know what something costs. In large industry knowing the best price and buying smart can make you more money than youd think. A saving of 1 dollar an item on a production line of 10000 units per month, due to a smart buy has suddenly just netted you an extra $10,000 a month and with multiple line items that saving can stack up big time.
Came for the yacht talk but got a Ted Talk on entrepreneurship. A+
This was a fascinating interview. Very logical approach and an interesting option, especially for those (myself included) who share no interest in chartering. But owning a sixth, with those benefits, does sound rather intriguing. And quite honestly, it makes much more sense... logically. However, the ‘previously loved’ market is very exciting right now for 2006-2012 years and under 45m. Thanks for another amazing video. Well done.
i dont see any issue with sharing a boat. it will always be clean and working because you have a crew regardless. if i was rich i would definitely consider it
Besides, most people don't want to live on their yacht all year. Lots of fun stuff happening inland, too.
I always enjoy your videos, the narration, the quality... I feel like I come away fully informed
thank you very much for such an absorbing video,as a person very interested in yacht ownership found this very interesting what an original idea.am going to visit seanet site.realy enjoy your videos here in england,cheers.
Great interview & nice concept.
However, 80% reduction in purchase & running costs gives you just 11.52% ownership (even though you pay for 20%).
Plus the fact that to make good time of the short period you can 'own' the boat, you will need to use it at (or near) to the location where the other 'owners' want to use it, and only during a 3 month period. Therefore, a £10M boat will cost you about £2M up front with £200K annually + fuel etc, and very limited when you can use it.
For that sort of money, I'd like a lot more flexibility.
The only way I can foresee this situation 'working' was if it could be done on some sort of tax fiddle (or call it whatever you want!)
Great video! My friends and I have an agreement.... we share each other's properties! No fractional ownership issues.... just pay for the cleanup etc. We now have friends in Asheville, Napa, New Orleans area, West Tennessee etc. All it takes is a phone call to schedule a date.
You don't have a particular week etc.... We can only live in one place at a time.... so why not let friends enjoy it when it's unoccupied. So far, works great for us.
What about now?
Thank you for calling out those people that always make that idiotic comment "If you have to ask, you can't afford it", there's no faster way to figure out if someone is a no one that has nothing, than when they make that comment because it's the furthest thing from reality. Anyway, I have found that co-ownership isn't that bad, but it's best done between family members. My father had done some co-ownership 20 something years ago with some of his colleagues; he co-owned a Catamaran that was chartered out most of the time and he co-owned a race horse. I don't think he made any measurable money from them, but also didn't lose money. The one thing he lost a lot of money on was buying an RV, he should definitely have co-owned that. LOL. I am actually going down to the Caribbean next month and I will be looking at partially buying a condo down there since I go down there enough times a year that it's worth it enough to buy a piece of a condo, but not enough to justify owning it entirely and I have no interest in having to deal with renting it out when I am in another country thousands of miles away.
Thanks for the great videos.
Would it be possible to do a walk around of a benetti delfino 95??
Morning David,
Your vlog was an interesting watch on a Sunday morning. No business model is perfect in solution. It would be interesting to see as well as the upsides that you listed, the downsides as well. THAT'S transparency!!
Mr Zadnikars' ethos was really interesting. I'm not financially able to invest, BUT I LOVE BOATS AND SHIPS. My favoured boat if I could own; Azimut Magellano 66. I found my love of boats on fast rescue craft in the '80s before joining the military. I now work in a very humble job as a logistics air freight driver for an oil support service provider company, who provide aviation for the offshore industry.
If I had the opportunity to take up the possibility of ownership or co ownership; after hearing Mr Zadnikars' interview and I've just rewatched the vlog, there's only one thing I would disagree with. Knowing or not knowing the other owner. If I was going to be in that position, I would want to be assured that the "other parties" are of the same ethos as myself in the manner with which they treat and use the yacht.
Personally I think this David HAS to be the best video vlog yet that you have publicised.
Thank you.
This guy know his stuff, very honest and up front!
I really like that guy! What a great idea to get people to enter the market.
It’s like a time share but an amazing time share lol!! Very innovative idea and I think it’s definitely the way forward. Love watching these videos especially when it’s the middle of June and I’m considering putting the heating on back in the uk 🙈
Very interesting and practical. Loved this video :)
This video should be at thousands of views. How is not more popular? The more people you can get into the yacht world the more potential to make money right?
Thanks JonoZ ... I only published it an hour ago 😁
@@Yachtsforsaleblog yeah but your production quality, sub count and view count on other videos! Such a good channel! It's more disbelief that people aren't flocking to you and @aquaholic
Amazing interciew. Great explanations.
Very cool Idea. Love it
Really great and informative video.
Very interesting. Something really worth while to consider seriously.
Am I the only one who cough the "we can not prevent that the child spills wine on the carpet". Lol
@@keithsnider8995 saw the video again. Your right. A child with a glass of wine lol.
I like this guy... I think he is even more intelligent than he sounds. Though the fully personalized yatch bullet point has to be a bit over an exaggeration. If there are six owners and everyone wants a yatch just the way they think it should be... well, it's unlikely that they all want exactly the same...
what an awesome video!! Really like this concept.
By sheer coincidence I saw an advertisement in a classic car magazine today by Princess. The scheme is called Yacht Quarters. Cost for a new Princess F62, 2 crew, 6 guests. Cost per quarter share £590k, annual operating cost £65k (April 2019). Thanks for the great insight David.
Very informative video thanks.sir can you please make videos on fractional ownership. And what steps should I take to buy a new yacht as a beginner thanks
Fantastic and informative interview.
Excellent interview - thanks for putting it out!
This guy hit on the perfect formula. Best way to enjoy the boat without worrying about chartering and all that goes with it and with 6 owners initial purchasing is much more affordable. Heck don't they have the same kind of concept on private jets?
Thanks, once again an awesome video.
Wow! I've never heard an owner say anything, about taking care or caring of the crew. Me, when, I have a yacht built. Crew first. The captain behind the wheel house. Get's an owner type suite all custom like the owner. A private side deck. Bosin, head stew, get a vip suite and all custom materials , woods granite as they were vip guests.The rest of the crew, all single bed mirrored suites same amenities . No more sharing bunks. All on suite bathrooms. They all need their own space. No uniforms. I can see them wearing uniforms if you charter out your yacht, but let them wear what they like.. If you don't care for your captain or crew and they quit. What do you have : *[ A BIG TOY BOAT BOBBING AROUND BY IT'S SELF IN A GIANT BATHTUB ]* At the end of their day. They can relax in their own space and say, *LIFE IS GOOD / Truth*
makes absolute sense for large crewed yachts unless you live aboard almost full time.
Makes sense, there is fractional jet ownership. It's not for everyone, but expands the reach of yacht owners.
Awesome video! I was wondering how a fractional jet ownership model might translate to yachts.
Great video and information. I’ll check them out.
Awesome video 👍
would love to see a cost comparison of 6 weeks of chartering during peak yacht season vs being a co-owner. Obviously the cash flows will be very different but it would be helpful to see the comparison from a pure financial perspective.
I agree with everything he said. This was awesome.
Totally agree that this form of professionally managed (and it seems to be near perfection) co-ownership there would be a market. The only down side I could think of is how do you get out of it?
First of all thank you for the positive feedback :-) In the SeaNet Co-Ownership model you can exit at any moment. It works like a minority share in a company. You have to respect the first right of refusal towards all other co-owners and when they are not interested you are free to sell your shares to the market. SeaNet will of course also support the customer in this process when needed.
When i dream of owning a yacht, i thought of having 2 crews as well, which are on monthly or 6weeks rotation.
When i have a look at the crew of AWOL, if i'm not wrong, they have since the start of the vlogs now the 3rd chef, the 3rd engineer and the 2nd chase boat captain. Even that the crew is an award winning crew. And seem to be a pretty happy crew.
With regard to a time sharing option of the yacht : to be honest i'm not really convinced. If there are several parties sharing a yacht who have children, they need to stick to school holidays which are mainly during the same periods of the year. Hence there will be conflicts. And even if they don't have children, most people would like to take their holidays during the same time of the year : summer, which means July and August in the Mediteranian Sea.
Or if you would like to e.g. spent time at the British coast, while the next owner would like to spent time on board around Sicilly. Hence the yacht needs days or even longer to travel between the destinations.
There were time sharing projects for holiday appartments while i was way younger. As far as i remember : not successfull.
Great concept. Can you help, I want a sail boat with enough place for max 4. Would like to live on the cost line of India.
I guess it’s a good idea if you can find a boat in the water s you want to be in
David have you seen the new secret heesen named Galvas? Its just a stunning machine please try and find some more information on it or even a close look at it! Its the finest looking vessel ive seen in a long while! The channel is dutch yachting if i remember correctly!! ⚓🛥
Bravada Yachts also does this. Of course these are only about 25 to 33 meter yachts. These boats are luxury houseboats on Lake Powell Utah. Your share is one week of summer and cost from $100,000 up toward $350,000. Their closest competitor only sell whole boats.
So my understanding is that SeaNet are your intermediary and broker, they create your dream with the ship yard. So a £10M yacht has a cost price of C£2M and then a 1/6 share of the fixed running costs, with 6 weeks of usage and in the real world how many of us would be at sea for more than 6 weeks?
So with no nasty surprises now all you need to do is work it so you get 6 weeks vacation every summer, simple.
Q: if you were unable to take your full allocation would you be able to sub sell the remainder/balance?
Very interesting concept, your channel gets more rounded and inclusive with every new turn. Not everybody would have thought of this avenue into yachting, so now the cost is less prohibitive than the standard purchase route. so the equation is; Money & part usage v Money & exclusive use
VISION!!!! HONESTY
I just watched Aquaholic vid on the Porsche . They can't touch you mate. Cheers
Sounds good. I wonder how close to time-sharing this is? If someone wants to sell, do they have to sell through SEANET? And if 6 people own 1/6 of a yacht each, how does SEANET get paid?
They own 1/6 of a yacht but pay for 1/5 or 1/4 of it
Perhaps Seanet owns some of those shares. Based on his words, he looks at this as an investment in a very large tool. Similar to his oil and gas biz.
The only question I have is, since they use the word "owner", that means each co-owner must get a cut of the resale down the line, right?
15:02 Did I understand "sales bitch"😱🤔🙉 I saw the Benetti Delfino 2 years ago in Dubrovnik. At this time the crew didn't look happy and the boat has been in a let's say very average condition. It sounds that they improved a lot.
He's describing a timeshare.
Sounds like a no-brainer, doesn’t it? The SeaNet model of fractional ownership, shares ownership, or whatever you’d like to call it, that is. Only it isn’t. Over the past 35 years or so I’m certain I’ve seen at least one of these ‘new’ plans hatched every year. Without ever seeing one of them succeed or even existing a year later. Always spun as the latest and greatest idea since sliced bread. Why have they all failed? I think a number of factors come into play but I honestly couldn’t tell you. What I do know is that it’s been tried many, many times by some very smart and experienced people. And it’s never failed to fail. One common mistake is in thinking that ‘the rules don’t apply to me’ or ‘the only reason it’s never worked is because I’ve never done it’. Or ‘we’ll, it’s not gonna cost ME that much’. Everyone thinks this way to a degree and I wish them luck. Maybe this’ll be the lucky number and they’ll succeed where all others have failed. But I doubt it.
Timeshare super yachts, you knew it was coming.
I'll start up a secondary resale market and you'll see my ads in the coming years.
How about a video about buying a mid-construction yacht?
6 owners. Actually makes sense. If you make each owner pay 25% of the cost then you have a good profit margin.
Wouldn’t two of the owners get it for free lol
I was wondering how yacht crews manage to have a personal life, and it's cool that he considers that by rotating crews, but I wonder what kind of living arrangements they have if they work every other month. In the US, you usually have to sign a year lease to live anywhere, so you'd end up paying a year's rent even though you're only there half of the time.
sounds like a really expensive way to charter
Smart guy
I would design it too powertrain and the help with the shell
there are simular programs in the business jet industry ... the differnce i see is the care, concern and the upfront attitude .. the crew espescially is very important and it goes far beyond just paying them more.. if your employees dont feel valued and appriciated they will go esleware and the customers you have will not be as happy as they could have been..
This is like a TimeShare but for yachts
In 2019, if you are 60 years old with about $100M USD wealth then you really have to figure out how to spend it in those last 20 years of active lifestyle time you have before death. Living on a yacht seems perfect. Travel with your stuff and spend all that wealth. After you die you won't care whether the yacht sinks.
I say, "Spend it all and let your last check bounce."
and an excellent way to piss off the kids, as they see what they thought of as their inheritance going going gone, haha
@@RobG001 Ever see those vanity license plates that say "I'm spending my kids' inheritance"? Name your yacht "Wave bye by to your inheritance."
Co-ownership with private jets is common (normal) so why not yachts, but this model is more like a time-share property - however, but much less attractive/secure and, unlike property, the value only goes down. I would rather charter and have much more flexibility.
sounds like a good concept for some... why wouldn't you just charter at that rate though?
Is there any mid to large scale yacht scene in the North East of North America?
If you have to ask, you can’t afford it. I’ve known a few wealthy people, and one fact is consistently true, no self made person of means got there by wasting their money. Cost of ownership, potential liability, every possible expense comes into play, including how to offset those expenses.
LOVE THE CO-EVERYTHING IDEA MATTY HAS COME UP WITH, ESPECIALLY WITH THE CREW BE ABLE TO ROTATE DURING THE SEASON. DEFINITELY A IDEA WORTH MORE INVESTIGATION. NEXT HE NEEDS A AIRNETCO.EU WITH A COUPLE OF FALCON 7X OR 8X'S TO PICKUP OWNERS AND THEIR FRIENDS TO GET THEM TO THE YACHT, WHEREVER THEY MAY BE CRUISING.
500' is the long term goal
from looking at there website it would be fantastic if you could split your 6 weeks between the two prime markets, ie the Mediterranean June - July - August - September and Caribbean | Bahamas | Asia Pacific January - February - March, so have 3 weeks in the med and the 3 weeks in Asia/Caribbean/Bahamas.
Timeshare?
Be a 1/6 owner, but own part of 6 yachts!!!
Dunno about this idea. Its kinda like sharing a wife every time you go to get cozy in there you wonder if the other guy just left.
I don't share well
Someone from Croatia🇭🇷?
I wonder how much fractional owners tip the crew
I don't have a yacht so maybe I'm wrong but this doesn't make any sense. If I had a yacht I would rather have smaller and cheaper yacht and be owner of it then have 6 times more expensive yacht and share it with 5 more owners.
You should see it as a 5 star hotel. These people want a big yacht but like it as cost efficient as possible and if you are there only a few weeks a year, having to pay for all the other month is just expensive.
@@flowmeful Well I think that it would be more reasonable to rent it for the time period you need it. This ownership model is like buying a house and living in it for several months before another owner comes.
It's for people who only want to use the yacht a few weeks a year for vacations or business hosting anyway, not to live on it. For them, it's like getting all the use they need, but they get 6 times as much yacht for the same money. Since the costs are also split 6 ways, they may be able to own a share for less than they would have spent to charter one, so they get some equity out of it in the end.
I would choose as you do, but I want to retire to living on the boat full time. I can also get more boat if it is my permanent home and not just a vacation spot. Then if someone wants to bother me, they can try to swim out to find me :)
@@animistchannel2983 I would make special kind of yacht for shared ownership. Every owner would buy his own deck and that deck would be used by him alone (and who ever he chose to use it). That way operational costs would be split between more owners. It would be like luxurious floating apartment building.
@@danijelvidos523 You could do that if several people went together to buy a smaller older cruise ship. There are always a few for sale for relatively cheap that will hold 130-300 people.
Each owner could have a certain number of rooms for just their use any time, then have most of the rooms for temporary guests, and share all the public areas. It could even pay for itself in the spare time. That could really work... hmm... business ideas...
The idea in not new.
Monocle Fractional Yachts doing it for years!
fire the staff working in the backgroudn!
time share goes afloat
Matty seems enthusiastic. Not at all as a salesman.
He lost me when he directly contradicted himself about convincing someone to split a yacht then saying later that they never do that 🤦🏼♂️
4:45 and then 9:45.
@@OceanicDistribution Welcome to English as a 3rd or 4th language! I'm sure his vocabulary is more subtle in his native tongue. From the context, he will "explain the advantages" but doesn't use "high-pressure selling." The English word "convince" is related to the separate words in romance languages for both "easy to live with" and "to win/victory over."
Feel free to dazzle us with your poetic subtlety and legalistic distinctiveness in your 3rd language.
Do you have a arm Gay Crew that knows self defense skills. and license to kill.? I'm very interested, on Co - Owner.
I have only been in Business for 18 years. And my No 1 rule is never do business with someone that talks with there hands. Its the worst mistake you will make.
Thats a false ideology my friend. Different cultures you will see this. It happens..
lol ridiculous statement.
No, using there instead of their is the worst mistake!