
SailTime/PowerTime
Membership boat clubs- 2023 Franchise 500 Rank
-
N/R Not ranked last year
- Initial investment
-
$75K - $152K
- Units as of 2021
-
24 17% over 3 years
Founded in 2001, SailTime/PowerTime is a membership-based boat club. Unlike other sail clubs that offer a general membership, a SailTime/PowerTime membership gives members shared access to a specific boat, whether it be a catamaran, sailboat, or powerboat. The boat you choose through SailTime/PowerTime may not be available to every club member, but just a few members.
You may think of it as a boat timeshare!
Monthly membership fees may change according to the location, boat size, and the number of monthly uses and cover other fees, such as maintenance, cleaning, marina fees, fuel, and boat insurance. The company also has its own app with a sailing calendar, where members can book a time online to use their boat.
SailTime/PowerTime began franchising in 2009 and has since opened several franchises in select throughout the United States, Canada, and overseas.
Why You May Want To Start a SailTime/PowerTime Franchise
SailTime/PowerTime is certainly a niche franchise and probably requires a specific set of interests and skills. A franchisee doesn't need to know how to sail a boat, but should have a strong interest in the water and boating lifestyle. They also should see how a SailTime/PowerTime franchise can benefit their community and perform in their local market. Typically speaking, an ideal franchisee is a strong businessperson.
SailTime/PowerTime also stresses the importance of flexibility, having enough capital for operational and marketing costs, and working hard to achieve a positive business outcome. Despite the dedication corporate may require from franchisees, they may be able to run their business from home or via a mobile unit.
What Might Make a SailTime/PowerTime Franchise a Good Choice?
SailTime/PowerTime believes it has a unique business model approach for startup investment that may suit careful and organized businesspeople. A franchisee could build their fleet through primary ownership. However, there is an option to use what SailTime/PowerTime calls the owner membership program. With this program, other people buy the boats, and you simply sell memberships.
SailTime/PowerTime may also use certain tactics to encourage customer loyalty, something a franchisee may enjoy should they execute the business model properly. These tactics include aggressive marketing, a fully computerized back-end, and product sales outside of boat memberships. Customers can also book a time on the boat through the club's app, so you don't necessarily have to be in touch with them about upcoming reservations.
Besides running daily operations, a franchisee should expect to maintain the financial ability to cover business-related costs, from startup to maintenance. This includes advertising fees and royalty fees.
How To Open a SailTime/PowerTime Franchise
Before making any financial commitment or signing an agreement, you must perform your due diligence. As part of your due diligence, you may want to speak to existing franchisees and ask the SailTime/PowerTime franchising team questions. If you are working out of a marina located in seasonal areas, one question might be how you would maintain business during that off-season.
If awarded a franchise, SailTime/PowerTime typically provides new franchisees with on-the-job training as needed, several hours of classroom training, extended ongoing support, and vast marketing support. Still, it will be up to you to maintain a good business standing.
Company Overview
About SailTime/PowerTime
Industry | Recreation |
---|---|
Related Categories | Boat Clubs, Miscellaneous Recreation Businesses, Recreational Rentals |
Founded | 2001 |
Parent Company | Sea Style Acquisitions |
Leadership | Todd Hess, CEO |
Corporate Address |
105 Eastern Ave. Annapolis, MD 21403 |
Social | Facebook, Twitter, LinkedIn, YouTube |
Business Overview
Franchising Since | 2009 (2023-2009 years) |
---|---|
# of employees at HQ | 5 |
Where seeking |
This company is offering new franchisees worldwide. This company is offering new franchisees in the following US states: California, Connecticut, Florida, Illinois, Louisiana, Massachusetts, Maryland, Michigan, North Carolina, New Jersey, New York, Oregon, Pennsylvania, Rhode Island, Texas, Washington, Wisconsin |
# of Units | 24 (as of 2021) |
|
Information for Franchisees
Here's what you need to know if you're interested in opening a SailTime/PowerTime franchise.
Financial Requirements & Ongoing Fees
Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.
Initial Franchise Fee
|
$25,000 - $35,000 |
---|---|
Initial Investment
|
$74,675 - $151,950 |
Royalty Fee
|
5-7% |
Ad Royalty Fee
|
$250-$400/mo. |
Term of Agreement
|
10 years |
Is franchise term renewable? | Yes |
Financing Options
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
Third Party Financing | SailTime/PowerTime has relationships with third-party sources which offer financing to cover the following: franchise fee, startup costs, equipment |
---|
Training & Support Offered
Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.
On-The-Job Training | As needed |
---|---|
Classroom Training | 24 hours |
Ongoing Support |
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Security & Safety Procedures
Field Operations
Site Selection
Proprietary Software
Franchisee Intranet Platform
|
Marketing Support |
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing
|
Operations
Additional details about running this franchise.
Is absentee ownership allowed? | No |
---|---|
Can this franchise be run from home/mobile unit?
|
Yes |
Can this franchise be run part time?
|
No |
Are exclusive territories available?
|
Yes |
Interested in ownership opportunities like SailTime/PowerTime? Request a free consultation with a Franchise Advisor now.
Franchise 500 Ranking History
Compare where SailTime/PowerTime landed on this year's Franchise 500 Ranking versus previous years.
Sign Up for Our Franchise Newsletter
Stay up to date on the latest news and trends affecting the franchise industry.
Related Franchises
Are you eager to see what else is out there? Browse franchises that are similar to SailTime/PowerTime.
Related Franchise Content
Catch up on the latest franchise news, trends, and more.
Subway Struggles to Attract Multi-Unit Franchisees in the U.S., Announces Major Expansion in Another Country
Subway has been attempting to sign new franchisees to multi-unit deals to improve its ownership model. However, the franchisees it's looking for aren't taking the bait.
How to Effectively Utilize Video in Your Franchise Brand's Marketing Strategy
Knowing where to focus your effort will help you in many ways.
What Makes Scenthound a Top New & Emerging Franchise
Focusing on out what dogs and their owners actually need helped Scenthound CEO Tim Vogelcreate a successful franchise system.
How to Harness the Power and Money of a Crowd Through Crowdfunding
You don't have to be rich, succumb to ever-growing interest rates, run the risk of your bank collapsing or use your house as collateral to build a franchise. All you have to do is find the right crowd.
Woman Ties the Knot at White Castle Almost 30 Years After the Chain Gave Her Free Food as a Homeless Teen
Jamie West was just 12 years old when she ran away from the foster care system.
Franchise Ownership Made Easy: Best Practices for Managing and Growing Your Business
Using these tips, you can maximize the benefits of franchise ownership and take your business to the next level.