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

 

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

























Understanding the Ocean's role in Greenland Glacier melt by Woods Hole Oceanographic Institution (WHOI),


Dangerous conditions for boating on entire NSW Coast by Transport Roads and Maritme Services,


Revealing report on Search for American yacht Nina released *Feature by Rob Kothe and the Sail-World team,












AYSS PacificNet/Tahiti voted a success! by Asia Pacific Superyachts,














Dangerous conditions forecast for NSW boaters by Roads and Maritime Services,


APSNZ appoints Duthie Lidgard as new MD by Asia Pacific Superyachts,


Whale freed from rope at Byron Bay by Department of Agriculture, Fisheries and Forestry,








Marine Auctions experiencing rising tide of interest *Feature
Tags reveal Chilean devil rays are among ocean's deepest divers
Auckland On Water Boat Show to hold world record attempt
Zodiac at Sydney International Boat Show 2014 – Australian
Gold Coast International Marine Expo - Exhibitor space filling fast
Ceramic coated exhaust manifolds reduce engine bay temps on superboat
Reminder of safe distance requirements for whales
Changes to Australian bass closed season
Fusion achieves industry-wide acceptance of FUSION-Link
BSE Brisbane Slipways open for business as normal
Honda’s everywhere at Sydney International Boat Show!
Fifth round of XCAT World Powerboat Series moves to China
Sly 43 - Making her Australian premier
Maritimo full of confidence following recent wins
Australia event cements its position as hosting 'the' marina party
Up close and personal with whales on the Gold Coast
SA Marina Day encourages South Australians to enjoy their marinas
Southport Yacht Club raffle: Dusit Thani, BRIG Falcon, Marriott stay
Enjoy the whale spectacle, just keep your distance
The Dinghy Nav Light Solution- a brilliantly dumb idea
Extension granted for salvage of a paddle steamer on the Murray River   
Sydney International Boat Show set to embrace new location   
Thermal imaging helping bulk carriers avoid collisions in port and in   
Third CYCA Solas Trusts grant to Australian Volunteer Coast Guard   
CruiseCraft adds Explorer 595 Hard Top   
Severe weather warnings prompt reminder to boat owners   
Be won over by the new Azimut 50   
Predictwind unlocks more features on free accounts   
Tammy Wolf and Mercury's Formula 2 Powerboat on to Divisional Champion   
Monaco Yacht Show 2014 - the biggest superyacht show ever   
Biggest Display ever and 18 launches at SIBS   
Gold Coast International Marine Expo helps Sailability grant FREEDOM   
Exhibitors heat up for Cannes Yachting Festival   
Benetti 108 tri-deck Tradition Supreme will launch in Cannes   
St Kitts open for superyacht business   
Marine World Sales: The latest in buying and selling marine online   
UIM XCAT - Massive fight from Fazza secures fourth consecutive title   
Peters & May launch Mediterranean and USA to East Coast Australia   
Lifejackets are imperative: don't rely on sheer luck   
XCAT World Series - Qatar Team claim second successive victory   


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
LocalAds   DE  ES  FR  IT