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General

Industry

-

Category

Other BusinessesTravel and Hospitality

SBA Identifier

S5354

Year of Founding

2006

Fees

Marketing Fee

1%

Royalty Fee

7%

Franchise Fee

$60,000-$60,000

Investment Range

$544K-$1M

Location units

Total U.S. Locations

24

U.S. Franchised Units

24

U.S. Corporate Units

0

Headquarters (City)

MD

Other

Item 19 - Franchise Financials

-

Financing Availability

yes

Started Offering Franchises

-

Issuance of FDD Data

04/25/2020

What 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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Industry Report Request

Download our guide to compare SailTime. Hotels to the Cleaning and Maintenance, Outdoor Maintenance industry.

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 Hospitality

SBA Identifier

S5354

Year of Founding

2006

Fees

Marketing Fee

1%

Royalty Fee

7%

Franchise Fee

$60,000-$60,000

Investment Range

$544K-$1M

Location units

Total U.S. Locations

24

U.S. Franchised Units

24

U.S. Corporate Units

0

Headquarters (City)

MD

Other

Item 19 - Franchise Financials

-

Financing Availability

yes

Started Offering Franchises

-

Issuance of FDD Data

04/25/2020

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

Franchise Disclosure Document

Download Latest FDD (2020)

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

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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

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Business details

Company name

-

Business email

info@sailtime.com

Mailing address

105 Eastern Avenue, Suite 102

State headquarters

Maryland

Key leadership

SailTime

Phone

+1 (000) 000-00-00

City

Annapolis

Zip code

2140 3

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