> Powerboat-World.com
 
 
News Home Video Gallery Newsletters Features FishingBoating MarineBusiness-World Sail-World Australia Australian Cruising
Photo Gallery

 

Sail-World.com : Syndication – the solution for time-pressed families

Syndication – the solution for time-pressed families

'The fun and cameraderie are what syndication is all aobut!'    Riviera    Click Here to view large photo

Sharon and John Russell, who together have run Riviera Syndication since 1999, spent a fun-filled two weeks onboard the newly syndicated Riviera 5800 Sport Yacht, out of Hamilton Island.

As John observes, syndication has proven to be a good option for the astute buyer in the current market. 'We’re constantly hearing from our owners that they couldn’t use any more time on their boats than syndication provides,' he explains.

'It is also a great benefit to have your boating booked in on the calendar so you know when it is happening and you make sure you do it, unlike many boats that spend most of their lives unused. Why pay for 100% of your boat and maintenance when you only use it 10% of the time. With syndication you only pay approximately 10%of the cost and have Riviera Syndication take care of all the work.'

Despite across the board reports of lower margins and static if not declining sales, John says the boating community was out in force, with boats sailing the Whitsundays. 'Hamilton Island was as busy as ever during the festive season. I think it is important to remember that although business is not as brisk as it was a few years ago, it has not stopped. People are still buying things and spending money so it is not all doom and gloom.'

In fact, syndication is proving appealing for people entering the market or boaties who can’t commit to sole ownership at this stage in their lives.

'We are fortunate to have had the best 18 months in business since we started syndication in 1999,' says John. 'People are recognising the benefits, resulting in us purchasing three new Riviera 5800 Sport Yachts and one new Riviera 5000 in the past 18 months.'

Riviera too are benefiting. 'They are very happy with the addition of syndication, which allows new owners to enter the brand at a more moderate cost. Many of these owners are taught their boating skills through our training and ongoing assistance and then have the confidence to purchase outright themselves.'

Friends, family and fellow syndication owners . . . -  Riviera?nid=93081_.   Click Here to view large photo


In 2012, Riviera Syndication is planning to add a new Riviera 5000 Sport Yacht to its Sydney fleet, and another at Sanctuary Cove.

'We are also planning a smaller flybridge syndicate priced at under $100,000 per share to join our Riviera 5800 at Hamilton Island.'

Then there’s the introduction of 'Syndication by Design', which allows new owners to choose the boat model, location and number of partners. 'This new product is proving popular with syndicates as small as two owners.'

The tough times are not over, and there may never be a return to the optimism of the 90s. 'This is a market to be conservative and focus on making sure that our existing clientele is being exceptionally well cared for and are getting the most from their involvement,' says John. 'It’s not all doom and gloom and the more we spread the good news, the quicker confidence will return and we all benefit.'

More at www.rivierasyndication.com.au




by Jeni Bone

  

Click on the FB Like link to post this story to your FB wall

http://www.powerboat-world.com/index.cfm?nid=93081

11:57 PM Fri 20 Jan 2012 GMT






Click here for printer friendly version
Click here to send us feedback or comments about this story.


Power Boat News

Pontoon Boats are a hit with families and entertainers by Sanctuary Cove International Boat Show,










Glacier Bay returns to Australia, re-launching at SCIBS by Sanctuary Cove International Boat Show,








Singapore Yacht Show 2014. Boats to make your eyes pop. by Guy Nowell, Sail-World Asia, Singapore










Power to the people at Sanctuary Cove International Boat Show by Sanctuary Cove International Boat Show,


SCIBS VIP lounge back bigger and better in 2014 by Sanctuary Cove International Boat Show,




Singapore Yacht Show 2014. And another thing… by Guy Nowell, Sail-World Asia, Singapore
































Mondo Marine invests in Chinese shipyard
Aqualuma partners with ASMEX 2014 for Welcome function
Kaohsiung to welcome the world for 1st Taiwan International Boat Show *Feature
Changed boating conditions for ski race on Clarence River
Royal Victoria Cup - Cable, Hockney and Shipley victorious
Channel 7 stage returns to Sanctuary Cove International Boat Show
Hainan Rendezvous: suffering from a hangover?
Palm Beach International Boat Show shows healthy attendance
Brisbane Tinnie & Tackle Show - this weekend!
Coastal infrastructure and species loss - Climate Change consequences *Feature
rescueME PLB1 – safety assured in one compact, light package *Feature
Japan's Antarctic whaling program harpooned
All Marine Spares hits the boat show trail in a trailer *Feature
Royal Victoria Cup to take place this weekend
Rowers and ferry masters encouraged to share waterways safely
Go crazy about whales in a special family fun day at the museum
New generation trawler boats - tradition with a twist
Arvor releases new Sportsfish range
AIMEX focuses on commercial show in Asia
Further Australian growth for Stabicraft
Southport Yacht Club will host a free 'Discover Sailing Day'   
Melbourne Boat Show earlier this year - 12 to 16 June   
FinScan digital switching fitted to new rescue vessels   
Kids' Zone a drawcard at Brisbane Tinnie & Tackle Show   
Brisbane Tinnie & Tackle welcomes Engel as stage sponsor   
BIAV appoints new GM   
Trash to Treasure - A seafood story   
Amazing Whales – Evolution and survival opens tomorrow   
Maritime Alert - Dangerous conditions forecast for NSW boaters   
PWC riders brave South Island waters raise $93,000 for melanoma fight   
Solar1 Monte Carlo Cup to take place this July   
12 weeks til Melbourne Boat Show   
First deadline for SCIBS exhibitors looms March 24   
Paul Burt, boating guru, is the face of Sanctuary Cove Boat Show   
Marine Industry loses a loyal servant: Vale Gunter Bruckner   
Positive pass mark for new venue   
Couran Cove signs lease deal with Hope Island Marina   
Phones outpace PCs and TV as preferred device   
UIM Awards Giving Gala - Stefano Casiraghi Memorial Trophy for RYA   
Grand Prix of Qatar - World champ claims victory on home waters   


For this week's complete news stories select    Last 7 Days
   Search All News
For last month's complete news stories select    Last 30 Days
   Archive News







Sail-World.com  


















Switch Default Region to:

Social Media

Asia

Australia

Canada

Europe

New Zealand

United Kingdom


http://www.sail-world.com/event_images/image/Twitter_logo_small.png   http://www.sail-world.com/event_images/image/RSS-Icon.png

United States

Cruising Northern

Cruising Southern

MarineBusiness World

PowerBoat World

FishingBoating World

 

Contact

Commercial

News

Search

Contact Us

Advertisers Information

Submit news/events

Search Stories/Text

Feedback

Advertisers Directory

Newsletter Archive

Photo Gallery

 

Banner Advertising Details

Newsletter Subscribe

Video Gallery

Policies

 

 

 

Privacy Policy

 

 


Cookie Policy

 

 



This site and its contents are © Copyright TetraMedia and/or the original author, photographer etc. All Rights Reserved.  Photographs are copyright by law.  If you wish to use or buy a photograph contact the photographer directly.
XLXL WAS PBW