
SailTime
Other Businesses, Travel and Hospitality
General
Industry
-Category
Other BusinessesTravel and HospitalitySBA Identifier
S5354Year of Founding
2006Fees
Marketing Fee
1%Royalty Fee
7%Franchise Fee
$60,000-$60,000Investment Range
$544K-$1MLocation units
Total U.S. Locations
24U.S. Franchised Units
24U.S. Corporate Units
0Headquarters (City)
MDOther
Item 19 - Franchise Financials
-Financing Availability
yesStarted Offering Franchises
-Issuance of FDD Data
04/25/2020What to know about SailTime franchise?
The franchise offered is for the establishment and operation of a fractional boating business which offers sailboat and/or powerboat shared usage memberships.
SailTime is based in Annapolis, MD. Scroll down to learn more!
How Much Does a SailTime Franchise Cost?
Are you wondering how much is a SailTime franchise? Before starting a SailTime franchise, it is important to know the SailTime franchise fee ($60,000) working capital and other costs required to start the business.
The minimum investment amount required to open a SailTime franchise is $544,419 and can go all the way up to $1,003,419. Keep in mind, you should also allocate additional funds to live off of while the SailTime business ramps up. This can take as little as 6 months to over 2 years depending on the franchise opportunity. You should speak to at least 5 SailTime franchisees to understand the true cost of opening the franchise and how long it takes to: 1) start a SailTime business 2) pass break even 3) hit significant income.
After (and if) you pass the point of earning significant income from your SailTime franchise, there may be enough margin to hire a day-to-day manager and work less hours in the business.
Franchise Net Unit Growth
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Franchise Data
Year | Start of year | Units Opened | Units Closed | Total End of Year |
---|---|---|---|---|
2017 | 22 | 1 | 0 | 23 |
2018 | 23 | 1 | 0 | 24 |
2019 | 24 | 2 | 2 | 24 |
Additional Details
How much does a SailTime franchise owner make?
SailTime franchise earnings and revenue can vary significantly from one franchisee to another. The SailTime franchise owner profits can be influenced by labor costs, lease rates, hours worked as well as other factors.
SailTime unfortunately does not disclose financials on how much SailTime franchise owners make. This means they do not disclose sales or earnings for franchisees operating in the U.S.
Every franchisor is required by law to disclose income statements and balance sheets for how the franchisor is performing but not for the franchisee level. Unfortunately, SailTime does not make it easy to understand franchisee financial performance. This can be seen as a red flag and it is important to be that much more diligent in your conversations with SailTime franchisees. Do note that SailTime is not alone as about 40% of franchises do not disclose franchisee financial performance.
At Vetted Biz, we suggest you to speak with 5 to 10 SailTime franchisees to understand how much money they are making from their SailTime business.
You should also speak to former SailTime franchisees to understand why they left the system. Did they sell their SailTime at a profit? Were they forced to close their SailTime franchise down because it kept losing money?
What is the SailTime Franchise Fee?
Owning a SailTime franchise requires a 7% royalty fee and a 1% marketing fee. These two expenses represent the main ongoing costs you can expect to pay the franchisor throughout the franchise relationship.
Keep in mind, there is also an initial SailTime franchise fee of $60,000 that is included in the initial investment amount of $544,419 to $1,003,419. Depending on the franchise agreement you sign, you might have to pay the full franchise fee again if you decide to extend the SailTime franchise relationship. Consult with a licensed franchise attorney to understand exactly what you receive for paying the SailTime franchise fee of $60,000.
Visit the SailTime metrics tab to explore how the franchise, royalty and marketing fees compare to other Travel and Hospitality franchises. You can also compare these fees for 2,000+ franchises currently offered in the U.S.
When was SailTime founded?
SailTime was founded 16 years ago in 2006. SailTime started offering franchises in . At Vetted Biz, we recommend franchises have 3-5 corporate locations and 5+ years of experience before offering a franchise. There needs to be proof that the business model works and is replicable before offering the franchise to other!
How many SailTime locations are in the U.S.?
As of Issuance of 2020, there were 24 SailTime locations owned and operated by franchisees across the U.S. There are also 0 corporate locations owned and operated by SailTime. Most Travel and Hospitality franchises like SailTime have more franchised locations than corporate locations.
How many SailTime franchises opened over the past few years?
Over the prior 3 years we have data for, SailTime has opened 4 outlets throughout the U.S.
Visit the SailTime metrics tab to explore how the openings compare to other Travel and Hospitality franchises.
How many SailTime franchises closed over the past few years?
Over the prior 3 years we have data for, SailTime has closed 2 outlets throughout the U.S.
Visit the SailTime metrics tab to explore how the closures compare to other Travel and Hospitalityfranchises.
Is SailTime growing? Are they opening more locations than they are closing?
The net unit growth rate for SailTime over the past 3 years is 9%. Over the last year we have data for, SailTime had a net unit growth rate of 0%.
Without a comparison, this number doesn’t mean much. Compare how the SailTime growth rate compares to 2,000+ other franchises and Travel and Hospitality franchises like SailTime. More info in the SailTime metrics tab.
Is SailTime franchise eligible for an SBA Loan?
SailTime is eligible for SBA loans including the 7(a) loan. To find out more about the SBA loan program for franchising click here.
SailTime franchise was assigned the SBA Franchise ID of S5354 on 4/29/2020. This DOES NOT mean the SBA endorses this franchise. The SBA Franchise Directory will only include business models like SailTime that are reviewed and found eligible under SBA's affiliation rules and other eligibility criteria.
Is SailTime a franchise in the United States?
According to the SBA, SailTime meets the Federal Trade Commission (FTC) definition of a franchise. The FTC Franchise Rule requires franchisors to provide all potential franchisees with a disclosure document (FDD) containing 23 items about the franchise, its officers, and other franchisees. Be sure that SailTime provides you with an FDD if you are in discussion to buy a SailTime.
What is the SailTime Franchise for Sale Rate?
The SailTime systemwide health and franchisee satisfaction can be measured by the SailTime franchise for sale rate. The franchise for sale rate is calculated by the percentage of units transferred to new franchisees and reacquired by franchisor.
The franchise for sale rate for SailTime over the past 3 years is 29%. Over the last year we have data for, SailTime had a franchise for sale rate of 4%.
Without a comparison, this number doesn’t mean much. Compare how the SailTime franchise for sale rate compares to 2,000+ other franchises and Travel and Hospitality franchises like SailTime. More info in the SailTime metrics tab.
What is the SailTime Franchise Failure Rate?
SailTime franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons. The failure rate is one of the most important franchise metrics to consider when investing in a franchise!SailTime failure rate over the past 3 years is 8%. Over the last year we have data for, SailTime had a franchise failure rate of 8%
Without a comparison, this number doesn’t mean much. Compare how the SailTime failure rate compares to 2,000+ other franchises and Travel and Hospitality franchises like SailTime. More info in the SailTime metrics tab.
How can I find out more details on SailTime franchise?
Visit the SailTime metrics tab to explore franchise profitability, industry comparables and more. Become a Vetted Member today for exclusive access on this franchise opportunity!
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General
Industry
-Category
Other BusinessesTravel and HospitalitySBA Identifier
S5354Year of Founding
2006Fees
Marketing Fee
1%Royalty Fee
7%Franchise Fee
$60,000-$60,000Investment Range
$544K-$1MLocation units
Total U.S. Locations
24U.S. Franchised Units
24U.S. Corporate Units
0Headquarters (City)
MDOther
Item 19 - Franchise Financials
-Financing Availability
yesStarted Offering Franchises
-Issuance of FDD Data
04/25/2020Franchise Fee Midpoint
The percentage change of total franchise units from one year to the next
1 year
3 years
SailTime
15%
12%
Industry median
All franchises median
Unlock premium content
Franchise Disclosure Document
Net Unit Growth (most recent year)
Net Unit Growth (3 years)
Failure Rate
Franchise failures comprise franchise terminations, franchise non-renewals, and franchises that ceased operations for other reasons.
1 year
3 years
SailTime
2%
NA
Industry median
All franchises median
Unlock premium content
Franchise for Sale Rate
The percentage of units transferred to new franchisees and reacquired by franchisor.
1 year
3 years
SailTime
5%
NA
Industry median
All franchises median
Unlock premium content
Food and Beverage, PizzaJim’s Pizza |
Investment range
-
Founding year
-
Total U.S. Units
0
|
Learn More
|
Food and Beverage, PizzaJimano’s Pizzeria |
Investment range
-
Founding year
-
Total U.S. Units
0
|
Learn More
|
Fast Casual Restaurant, F...Jimboys Tacos |
Investment range
-
Founding year
-
Total U.S. Units
0
|
Learn More
|
Fast Casual Restaurant, F...Jaliscos |
Investment range
-
Founding year
-
Total U.S. Units
0
|
Learn More
|
Investment Midpoint
The average of the low and high range of the investment amounts calculated from the most recently available Franchise Disclosure Document
SailTime
$773,919
Industry median
All franchises median
Unlock premium content
Royalty Fee
The median royalty fee from the Franchise Disclosure Document
SailTime
7%
Industry median
All franchises median
Unlock premium content
Franchise Fee Midpoint
The percentage change of total franchise units from one year to the next
1 year
3 years
SailTime
15%
12%
Industry median
All franchises median
Unlock premium content
Item 19 – Financial Performance Representations
Historical financial performance representations
Unlock premium content
Franchise Financials
Franchisor company financial information and financial performance representations, if disclosed by the franchisor.
Unlock premium content
Business details


Company name
-Business email
info@sailtime.comMailing address
105 Eastern Avenue, Suite 102State headquarters
MarylandKey leadership
SailTimePhone
+1 (000) 000-00-00City
AnnapolisZip code
2140 3Name | State | City | Zip code | ||
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