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