SailTime Group has launched PowerTime fractional memberships for powerboats. The company opened three franchises after testing the concept in two locations last year.
SailTime said it would officially launch PowerTime at the Miami International Boat Show with its new location in the Miami- Fort Lauderdale area. CEO Todd Hess said in a statement that there are plans to open 25 franchise locations over the next two years, with six to open in this spring.
“In the past few years, boat clubs have achieved popularity with a sharing model featuring small powerboats suited for day use only,” Hess said in the statement. “PowerTime will offer a boat sharing program on 30- to 45-foot luxury powerboats, allowing clients multiday usage and overnight stays.”
PowerTime is the first in the industry to offer a boat-management program for midsize powerboats. Hess said the boat-management program provides revenue and reduces the cost of ownership. Owners also gain a full week of reservations every month on their vessels.
Franchise owners Jim and Debbie Veiga will launch PowerTime and SailTime South Florida today at the Miami show. The fleet includes a new Jeanneau Leader 10.5 for PowerTime and a new Jeanneau Sun Odyssey 349 for SailTime.
“Luxury powerboating is a very popular pastime in South Florida, but until PowerTime, there has not been a sharing option for the larger cruising boats in the 30- to 45-foot range,” Jim Veiga said in the statement.