Yarmouth Boat Share

Yarmouth Boat Share allows you to part-own a brand new rib and have it fully maintained, at a fraction of the cost of purchasing a second hand RIB with the associated on-cost. The scheme allows you to turn up to Yarmouth Harbour at your allotted week and drive the RIB away:

Fun on the RIBS
RIB Charter
RIBS near the Needles

No fuss, no hassle, no cleaning, no repairs, no fueling… just TURN UP and GO!

The Yarmouth Boat Share includes training for 1 person and a reduced training fee is available for family members.

We are offering a special price on the management fee of £2,100 pa (£175pm) representing almost a 25 % discount for the first 4 people that sign up!

The boat is owned by 4 shareholders and you are entitled to 13 weeks usage pa, ie 1 week in 4! We offer flexibility for you to swap your designated week with another shareholder, subject to their consent.

The management agreement expires after 3 years after which the RIB will be sold and the net proceeds shared between the shareholders, to allow re-investment in a new RIB or cash out.

We have shown below the comparative costs of owning a boat share versus buying an 8 year old second hand boat outright, to help you work out which is the right buying decision for you.

ESTIMATED ANNUAL COSTS* BUY: 6m second hand RIB – 8yrs SHARE: 6.5m Brand New BRIG
Cost £15,000 £12,000
Walk ashore mooring £2,500
Insurance £400
Servicing £250
Antifouling £150
SEASTART Recovery/Repair £150
Management fee (per annum) £2,700
TOTAL Year 1 cost £18,450 £14,700
Total annual cost £3,450 £2,700

*The price excludes:
• Insurance excess of £500
• Out of Warranty repairs (ie bilge pump, general wear and tear, prop)
• Fuel used: which will be recharged to you on a monthly basis.