Sydney International Boat Show - Boating Syndication scores success
by Imprint Media on 10 Aug 2013
Luxury boat ownership innovator Boating Syndication Australia (BSA) is celebrating sales success following the Sydney International Boat Show this week.
BSA’s glamorous new Pershing 64 made a sneak appearance during the show. - Sydney International Boat Show Imprint Media
The company achieved strong sales of syndicate shares in the two boats on display and announced that its latest acquisition, a glamorous Pershing 64 sports yacht, had also attracted buyers.
'We are going to be busy over the next couple of weeks, with 40 sea trials already booked as a result of the show,' said BSA’s Andy Young.
The Pershing made a sneak appearance at the show marina in Cockle Bay on the last day of at the show, delighting the crowds and convincing buyers. It is the 17th boat in the expanding BSA fleet that is spread across marinas at The Spit in Mosman, Rushcutters Bay in Sydney’s eastern suburbs and on Queensland’s Gold Coast.
'The Pershing purchase was too late for us to include this amazing boat in our display,' said Young. 'But we could not resist showing her to the world, so she made a brief appearance on Monday.'
At $225,000 for 10 percent ownership, BSA has already sold half of available shares.
BSA displayed a Riviera 4400 Sport Yacht and a Riviera M400 sports cruiser at the show; both new to the fleet.
'The M400 has proved incredibly successful in Sydney,' said Andy Young. 'We already have three of this model in our fleet and the new one attracted eight new syndicate members during the show. So we have only two shares left in this boat.'
The 4400 Sport Yacht was also well received with five of 10 available shares sold during the show.
'We are also excited that there is strong interest in us opening an office and service centre in Sydney’s northern waterways,' said Young. 'We will choose either Bobbin Head or Bayview.'
BSA celebrated its achievements at a party on the Friday evening of the show. More than 60 syndicate owners shared a variety of drinks and light food during the evening, accompanied by live music.'
Chris and Carol Pines have been with BSA since the business was founded. They share a Princess P54.
'Andy and his team have taken the headache out of boating,' said Chris. 'Now it’s just pleasure and these get-togethers are a great opportunity to meet our other owners and share experiences. There are more people every year.'
Young said that BSA’s success was due to its fully flexible share plans.
'Most of our owners opt for a 10 percent share in a boat. It offers plenty of time on the water p0 33 days a year,' he said. 'But if people need a different arrangement, we can set it up.
'We also a full three days of intensive training for new owners to make sure they are comfortable with their boat,' he said. 'Of course, we are on call 24/7 to help owners should they strike problems while they are out on the water.'
He said that BSA provides owners with clear knowledge of where their fees are allocated.
'We charge specific management and cleaning fees,' he said. 'All other costs such as insurance and berthing are organised at reduced negotiated rates with the savings passed directly on to the owners.'
All share costs offer a minimum of 33 days on the water every year. Additional costs include monthly ongoings covering a share of insurance, berthing, maintenance and management.
'Our syndicates provide for economical boating at every level,' said Young. 'Everyone shares in the cost of owning and maintaining the boat. The only additions are the fuel each owner uses while they are out plus anything else they want for food and drinks.'
More information is available at the Boating Syndication Australia website
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