BUSINESSES GOING OVERBOARD FOR EUSAMARINE

Business now has an alternative in the corporate entertainment and staff reward fields. Eusamarine are offering companies to own a share of their own luxury yacht at a fraction of the cost of full ownership and yacht chartering.

With big business becoming increasingly competitive and companies being made to work harder than ever to hold on to valuable clients, a new and unusual way of corporate entertaining without breaking the bank is gaining popularity.

Eusamarine, a fractional ownership yachting company, has introduced a scheme whereby businesses can afford to spoil their clients and treat them to a taste of luxury. For an outright purchase cost of an equity stake in a yacht and an annual maintenance fee, companies can own their own yacht, but at a fraction of the usual cost.

The unique venture is being backed up by some of the most respected names in the yachting world. Eusamarine is supported by prestigious yacht manufacturers Azimut-Benetti and brokers Cavendish White, two of the biggest names in the worldwide yachting industry.

Stakes in a yacht last a minimum period of ten years. At present, all the yachts are based in the Mediterranean, but Keith Smith, Eusamarines managing director, is confident that continued success will see expansion into the Caribbean and the Far East before too long.

He explains: In todays competitive business world, few businesses can afford to resist the opportunity to stand out from the crowd when it comes to client care. For a relatively small cost, companies can buy into a unique and exciting new opportunity for corporate entertaining. A fractionally owned yacht can cost as little as 12,250 which wont exceed the entertainment budget and offers the chance to really impress clients. Many organisations will decide to spend a great deal more than this for larger yachts or superyachts the program is so flexible it can accommodate any budget"

The financial advantages of owning a yacht through Eusamarine are evident, when compared with chartering, costs are slashed by almost half one example of a yacht with 10 berths costs around 32,000 per year to charter whereas fractional ownership is an equivalent of under 16,000. Once the initial outlay has been made, the only cost to the shareholder is a set maintenance cost to cover all crewing, mooring and insurance costs."

Weve inspired the confidence of some of the most respected names in the yachting world, being supported by Azimut-Benetti and Cavendish White. Weve had an huge response to the fractional ownership scheme so far. It seems businesses are recognising the benefits in that its a real boost to their reputation without crippling financial implications, and we expect more and more firms to go down this road in the near future."