Fractional Boating Membership Leader Scores International Recognition as Pioneer in Sharing Economy Continues Plans for Worldwide Growth
July 2017 – SailTime, the world’s leading fractional boat membership program, with bases around the United States and Australia, today announced its inclusion on Entrepreneur Magazine’s Top Global Franchises for 2017.
It is the fourth major honor within the last year for SailTime, following their inclusion in the INC 500/5000 in August 2016, Entrepreneur’s recognition in 2017’s “10 Hottest Franchise Categories” in December 2016, and Entrepreneur’s “Franchise 500” in January 2017.
“Great things are happening in the sharing economy, so we’re very excited to be expanding SailTime’s footprint on the global stage,” SailTime CEO Todd Hess said. “We’ve had a strong presence in Australia for years now, and are optimistic that SailTime bases will be coming to Europe soon.”
SailTime not only features 29 bases in the United States, but five bases in Australia as well. This year, they’ve set their sights on expansion in Europe where they hope to leverage their partnership with Beneteau, one of the most respected boat manufacturers in the world headquartered in Vendéopôle de Givrand, France. The partnership provides SailTime franchisees the opportunity to offer Beneteau boats for both the membership and boat ownership programs. For Beneteau dealerships, the SailTime program allows sailing enthusiasts to try their sailing yachts through fractional ownership without the cost and time commitment of full boat ownership.
Last month, SailTime announced a new strategic alliance with marine financing specialists, LH-Finance. The partnership allows customers to finance their purchases of boats from SailTime dealers using consumer loans issued by LH-Finance.
“Partnerships with leaders in the marine industry like Beneteau and LH-Finance will help us open more SailTime bases around the world. We’re making it easier for people to purchase high-quality sailing yachts and make money on them through SailTime’s fractional membership program.” Hess said.
Entrepreneur compiled the Top Global Franchise ranking by taking their annual Franchise 500 formula and adjusting it to give extra weight to international size and growth. Other areas evaluated by the formula include costs and fees, franchisee support, brand strength, and financial strength and stability.
Only companies seeking new franchisees outside the U.S. that had a minimum of five units opened abroad as of July 2016 were considered.
To view the full ranking visit https://www.entrepreneur.com/franchises/topglobal/2017
World’s Leading Boat Membership Franchise Aligns with Marine Financing Specialists to Simplify Yacht Financing
Annapolis, Md., June 13, 2017 – SailTime, the world’s leading boat membership franchise company, today announced a new strategic alliance with marine financing specialists, LH-Finance. The partnership allows customers to finance their purchases of boats from SailTime dealers using consumer loans issued by LH-Finance.
“The vision to create this strategic alliance is a much-anticipated partnership for both LH-Finance and SailTime,” Herve Bonnet, LH-Finance’s CEO, said. “This will categorically advance LH-Finance to a leader in the highly coveted market sector of marine retail lending.”
LH-Finance; also referred to as L’Hermione Finance, the Marine division of United Bank of Glastonbury, Connecticut (Member FDIC), offers both retail solutions to customers and wholesale financing to dealers and boat manufacturers. Headquartered in Baltimore, Maryland, LHFinance is uniquely positioned to provide exceptional customer service through a combination of strong partnerships with premium multinational brands, industry expertise, innovative products, and competitive rates.
“The partnership with LH-Finance is a critical component to SailTime’s Yacht Ownership Program, providing our clients with a turnkey financing option that makes the boat purchase process simple and straightforward,” said SailTime CEO Todd Hess.
Learn more at https://sailtime.com
Fractional Sailing Club Franchise Secures Future with the Boating Industry’s Global Market Leader
(June, 2017) – SailTime, the world’s leading boat membership program, with franchise bases around the United States and Australia, today announced a five-year extension of their partnership with Groupe Beneteau, the worldwide leader in luxury sailboat and powerboat manufacturing. The partnership allows SailTime bases throughout the United States to sell Beneteau boats into their local fleet via SailTime’s innovative yacht ownership program.
“We couldn’t be happier to extend this terrific partnership,” SailTime CEO Todd Hess said. “Beneteau is known throughout the world as the premier brand of sailing and power boating, and SailTime is a terrific way to bring their product to a market looking for easier and more affordable sailing.”
SailTime has enjoyed growth of 161 percent since 2012, expanding to 28 bases in the United States and six bases in Australia. Through the partnership, SailTime franchisees have the opportunity to offer Beneteau boats for both the membership program and the yacht ownership program. Three Beneteau yacht dealers in North America integrated with SailTime in 2016, including SailTime San Diego, SailTime New Orleans, and SailTime New York.
“The partnership with Beneteau has been terrific for us,” says Keenan Hirsh, Base Manager, SailTime San Diego. “Allowing our members to sail Beneteau’s amazing fleet increases our pool of prospective boat owners.”
Groupe Beneteau, who recently celebrated the 30th Anniversary of their manufacturing plant in Marion, South Carolina, sees the partnership extension as a reaffirmation of the importance of the North American market in its growth strategy.
“The sharing economy is the fastest growing segment in our industry right now, and SailTime is helping us grow in that space. The synergy with our yacht dealers incorporating their franchise model into their business is outstanding, and it is driving additional boat sales for Beneteau,” Beneteau America President Laurent FABRE said.
Learn More > https://sailtime.com
Fractional Boat Membership Franchise Leader Adds to List of National Recognitions as Pioneer in Sharing Economy Plans for Expansion into Europe
January, 2017 – SailTime, the world’s leading fractional boating membership program, with bases around the United States and Australia, today announced its inclusion in Entrepreneur Magazine’s 38th annual Franchise 500®. It is the third major honor within the last year for SailTime, following their inclusion in the INC 500/5000 in August 2016 and Entrepreneur’s recognition in 2017’s “10 Hottest Franchise Categories” in December 2016.
“All of us at SailTime are incredibly excited to be named to Entrepreneur Magazine’s prestigious Franchise 500,” SailTime CEO Todd Hess said. “This recognition is a fantastic way for us to kick off what we believe will be our best year yet as we aim to grow our international presence with new bases in Europe!”
SailTime has enjoyed growth of 161 percent since 2012, expanding to 28 franchise bases in the United States and six bases in Australia. Their recent partnership with Beneteau, one of the biggest and most respected boat manufacturers in the world, provided SailTime franchisees the opportunity to offer Beneteau boats for both the membership program and the boat ownership program. Three Beneteau yacht dealers in North America integrated with SailTime in 2016, and corporate officials are heading to Dusseldorf, Germany on January 21st to discuss integrating the SailTime franchise with Beneteau dealers in Europe.
“Beneteau has been a terrific partner with SailTime, so it’s only natural that we’d take the success we’ve had stateside in 2016 and look to expand the partnerships with our European boating friends this year.”
Over its 38 years in existence, the Franchise 500 has become both a dominant competitive measure for franchisors and a primary research tool for entrepreneurs. The key factors that go into Entrepreneur’s evaluation include costs and fees, size and growth, support, brand strength, and financial strength and stability. All franchises are given a cumulative score based on more than 150 data points, and the 500 franchises with the highest cumulative scores become the Franchise 500 in ranking order.
“Entrepreneurs in every industry must constantly improve and adapt, and our Franchise 500 list is full of success stories,” says Jason Feifer, editor-in-chief of Entrepreneur. “No matter what their concept is, these companies — from booming newcomers to established industry dominators — tell us a lot about what it takes to keep up with current trends in the business world.”
To view the full ranking and any of these related stories, pick up a copy of the January 2017 issue of Entrepreneur magazine on newsstands now, or visit www.entrepreneur.com/
Years of Steady Growth in Booming Sharing Economy
Led to Inclusion on Prestigious List of Growing Companies
(August, 2016) – SailTime, the world’s leading boat membership program with bases around the United States and Australia, today announced its inclusion on the 2016 Inc. Magazine 500|5000 list of the top fastest-growing private companies in America. The list is considered the most comprehensive look at America’s independent entrepreneurs.
“We are honored to be recognized by Inc. Magazine for the years of steady growth we’ve seen at SailTime,” company CEO Todd Hess said, “Positioned perfectly within the popular sharing economy, I am confident in SailTime’s continued growth throughout the United States and the world.”
SailTime has enjoyed growth of 161 percent since 2012, expanding to 28 bases in the United States and six bases in Australia. Through their partnership with the American Sailing Association, they built the largest network of sailing education schools in America. They recently announced a partnership with Beneteau, one of the biggest and most respected boat manufacturers in the world, making Beneteau boats available for both the membership program and the boat ownership program at all SailTime locations.
The 2016 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. (available on newsstands August 23) is the most competitive crop in the list’s history. The average company on the list achieved a mind-boggling three-year growth of 433%. The Inc. 5000’s aggregate revenue is $200 billion, and the companies on the list collectively generated 640,000 jobs over the past three years, or about 8% of all jobs created in the entire economy during that period. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
“The Inc. 5000 list stands out where it really counts,” says Eric Schurenberg, president and editor-in-chief at Inc. “No one makes the Inc. 5000 without building something great – usually from scratch. That’s one of the hardest things to do in business, as every company founder knows.”
SailTime will be featured in the September issue of Inc. Magazine, which will be available on newsstands on Aug. 17. The company will also be honored at the Inc. 5000 Conference & Awards Ceremony, Oct. 18–20, 2016 in San Antonio, Texas.
Franchisee becomes latest Beneteau dealership to integrate with SailTime
June 17, 2015 (Annapolis, MD) – SailTime Group LLC, the world’s largest boat membership company, announced Stanton Murray as the new owner of the SailTime Tampa Bay franchise.
Murray has more than 30 years of experience in the marine industry. He is the President of Murray Yacht Sales, Inc., which specializes in the sale of new and used power and sailing vessels 30-60 feet in length. His company is the largest dealer of Beneteau sailboats in the Southeast market. Murray has also operated an American Sailing Association sailing school since 1983.
“SailTime has had a strong presence in the Tampa Bay boating market for 12 years, and I’m looking forward to leading this local franchise,” said Murray. “I believe my extensive background with charter and sailing schools will be a great resource to people in the Tampa-St. Pete area who have an interest in sailing and would like to become a part of the SailTime membership program”.
Murray’s franchise in Tampa Bay becomes the fourth Beneteau dealership to integrate SailTime into their product line within the last year, joining Marina Del Ray, Houston and Australia. Earlier this year, SailTime and Beneteau announced a partnership to offer Beneteau brand sailboats in conjunction with other brands at SailTime’s North American base locations. As part of the agreement, new Beneteau yachts will be available for SailTime’s fractional membership program for use within the fleet of SailTime bases throughout North America.
“Having Beneteau dealers able to offer the SailTime Fractional Membership Program is an opportunity for both companies,” said SailTime President Todd Hess. “Not only can the dealers now offer a pre-purchase option to sail a Beneteau before they purchase one, they can also sell additional boats into fleet for the SailTime Owner Program. This is a win-win team effort for SailTime and Beneteau in providing both organizations and respective affiliates another path for growth.”
SailTime has always been an innovator in the boating community, using an online calendar system for shared usage of vessels. The SailTime membership program began as a way to get more sailors out on the water and to offer an alternative to boat ownership. For every boat in the fleet, there are six to eight members sharing one vessel. Many members are relatively new to activity of sailing and have chose SailTime as the ideal way to learn and acquire experience.
February 12, 2015 (Annapolis, MD) – SailTime Group LLC, the world’s largest boat membership company, announced a partnership with Beneteau North America, to offer Beneteau brand sailboats in conjunction with other brands at their North American base locations . New Beneteau yachts will be available for SailTime’s fractional membership program for use within the fleet of SailTime bases throughout North America.
Two new Beneteau yachts have already been ordered for the SailTime San Francisco and SailTime Marina Del Ray California base locations and SailTime plans to add ten additional boats in six other base locations by 2016.
SailTime is displaying a Beneteau Oceanis 37 at the Strictly Sail Miami Boat Show, February 12th through 16th. You may visit SailTime at Bayside Pier B, Slip 20-21.
“Expanding our fleet to Beneteau sailboats will motivate a whole new segment of sailors, to consider SailTime as a means to sail one for a full season. It will also attract many new sailors that would like to experience sailing a Beneteau before they purchase one”, said Todd Hess, president for SailTime. “We know the Beneteau brand is a good fit for SailTime as it is already the primary brand for our base locations outside of North America. This partnership will result in growth for both companies. For SailTime, it will add more members and expand our fleet. For Beneteau, it will generate more boat sales and allow more sailors to experience the quality of the Beneteau brand.”
SailTime has always been an innovator in the boating community, using an online calendar system for shared usage of vessels. The SailTime membership program began as a way to get more sailors out on the water and to offer an alternative to boat ownership. For every boat in the fleet, there are six to eight members sharing one vessel. Many members stay in the program for multiple seasons.
“We are thrilled this partnership will give more people the opportunity to experience sailing on a Beneteau”, commented Laurent Fabre, president of Beneteau America. “We have incorporated unique specifications into the boats delivered to SailTime to meet the needs of their fleet. There is no doubt this program is the perfect compliment to our existing network of Authorized Beneteau dealerships, which remain exclusive distributors of new Beneteau yachts”, added Fabre.
Beneteau is known worldwide for its sleek design, quality construction and innovation in the manufacturing of seaworthy sailing and power yachts. The Beneteau story began 130 years ago when Benjamin Bénéteau started building fishing trawlers in Saint-Gilles-Croix-de-Vie, France. Today, the company continues to thrive under the leadership of Benjamin Bénéteau’s granddaughter, Madame Annette Bénéteau-Roux.
Beneteau Headquarters for the Americas is located in Annapolis, Md. Beneteau has manufacturing facilities in the U.S., France, Italy, and Brazil.
SailTime members share the use of a professionally managed boat, through the use of an online scheduling system. A monthly membership fee covers the slip fees, maintenance, insurance and operating costs. These memberships offer an attractive alternative to boat ownership. SailTime also offers a generous Owner Member Program where the owner receives a monthly income, as well as the benefits of membership.
Now celebrating its 14th Anniversary, the company has over twenty-eight bases in North America and seven bases in Australia.
A unique feature of the program is SailTime PLUS, where members can go sailing at base locations around the world for a significantly lower cost than traditional bareboat charter fees.
SailTime also has a significant network of sailing schools, via bases that are certified American Sailing Association (ASA) and Royal Yachting Association (RYA) affiliates. The instruction provided at these locations has been a key component in providing a pathway for members to achieve their goals and dreams for the sport of sailing.
For more information contact:
For SailTime Group – Kristen Diviney – firstname.lastname@example.org or 757-663-7245
For Beneteau America – Maryline O’Shea– email@example.com or 410-990-0270
Annapolis, MD – SailTime® Group LLC, the world leader in fractional boating with more than 50 bases in North America, Europe, Australia, New Zealand and the Caribbean, announced today significant growth for the first half of 2009, including the launch of three new bases in the U.S. and Europe and a record number of new members who signed up the first half of 2009.
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Rob Lawnsby Joins SailTime® as Base Owner of SailTime® Rhode Island
Bristol, RI– The SailTime® Group LLC announced today the opening of a new SailTime® base in Bristol, Rhode Island, joining more than 50 locations in the U.S., Europe, Caribbean, and Australia that offer boating enthusiasts access to affordable sailboats at a fraction of the cost of ownership.
SailTime Unveils New Look and Rebranding Effort to Reflect Expansion to Power
New York, NY – The SailTime® Group LLC announced today a new partnership with Rinker Boats to expand their popular fractional sailing program to include power boats, specifically, Rinker’s line of Express Cruisers and Captivas. During the past two years, SailTime® began adding power boats to their fractional sailing fleet in several key markets, including Toronto, Canada, New York, and Houston. With the announcement of the partnership with Rinker Boats, SailTime®’s fractional program for power boating could eventually expand to its existing 30 SailTime® bases nationwide, making it the largest global company offering fractional memberships in both sailing and power boating.
SailTime, the world’s most successful fractional sailing and membership based group with over 60 bases in North America and Europe, will be officially launching in Australia at the Sydney Boat Show in July 2009 and in New Zealand at the Auckland Boat Show in March of 2010.
SailTime® Channel Islands, SailTime® Boston and SailTime® Orange County Recognized for Sailing Schools and Instructors
Annapolis, MD – SailTime® Group LLC, the world leader in fractional boating, was honored with three ASA Outstanding Sailing Schools of the Year awards for 2008, recognizing the sailing instructional programs offered at its SailTime® Channel Islands, Boston and Orange County bases. Also, SailTime® instructors from Channel Islands (Captain Dan Ryder) and Orange County (Captain Roger Philips) were recognized as ASA Outstanding Sailing Instructors of the Year for 2008. The award is given annually by the American Sailing Association (ASA), the governing body for sailing schools. Awards are based on surveys completed by graduating students.
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