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Catalina/Capri 25/250 Sailor's Forums

Catalina 25 Specific Forum

Partnership

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scarin
Deckhand

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4 Posts

Initially Posted - 07/18/2004 : 16:27:21

I have been in on the search for a Catalina 25 preferably a wing keel with a trailer and I have been searching the net and the local boat shop (there is only one sail boat shop in Az) and various other places. I have seen a few different boats and most are either right at or just over my initial purchase budget of $10,000.00. Now I know people keep telling me to make an offer and just see what happens. And I am considering that but something just came up. A buddy who was halping me in my search offered to sell my 1/2 a boat. It is a Cat 27 so not trailerable and not really subject to discussion hear, however I have been reading hear for a while and thought I would ask for some feedback regarding boat partnerships. It is substantially cheaper than my 10k figure and my monthly fees for a wet slip would be less than storing a trailerable 25 on the hard and having it launched twice a month.

I understand all the partnership risks from a legal standpoint but was looking for some insight from the group? Thanks

Larry S.

Edited by - on

Frank Hopper
Past Commodore

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Pitcairn Island
6776 Posts

Response Posted - 07/18/2004 : 16:39:40

The best Partnership clause I ever heard of was one that stipulated that who so ever makes an offer to the other, is bound to accept that offer from the other. So if you offer to buy out the other guy for 5k then you must stand ready to accept that same offer and are obligated to act on it within 45 days. If someone tries to lowball their partner they might take it in the shorts themselves.

Other than that the personal/use issues sound more like a good divorce than anything else. The most successful partnership I know of is on a racing boat. I have never seen the boat in the water except during a race. If either or both are there, they are there for the same reason. Cruising would be much harder. Catalina 22 are available for a song... nice boats.

Edited by - Frank Hopper on 07/18/2004 16:40:45

jmeadows
1st Mate

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52 Posts

Response Posted - 07/19/2004 : 09:55:13

[quote]Originally posted by scarin
 I have been in on the search for a Catalina 25 preferably a wing keel with a trailer and I have been searching the net and the local boat shop (there is only one sail boat shop in Az)

Larry,
I have a C25 wing '89 on a trailer at the Sail Boat Shop. I'm not trying to sell it through them; they were cleaning the bottom for me.
However, they did call to tell me someone had some interest. I feel I have some obligation to them if you were the interested party, but think something can be worked out.
Give me a call or email at home if you're interested. I'll send pictures and specs.

Jim Meadows 480-816-5955
jimnsteph@cox.net

Edited by - on

Todd Frye
Navigator

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USA
222 Posts

Response Posted - 07/19/2004 : 17:55:50

Larry,
I did a 4-way partnership on a C-22. We would get together for lunch and plan and make proposals to everyone’s approval. Once we bought the boat, brought it home, and got it in the water everything seemed to go on self-destruct. When it was my week for the boat, I'd get it with the gas tank empty or seasick residue still on the coaming. One day I came out and the boat was missing. My partner hadn't phoned to let me know he left it somewhere else. Although I tried to talk to these guys, I really felt like their excuses were pretty lame. I decided to walk away from this partnership because, regardless of the legally binding contracts we all agreed on, there was no committment to honor them, and I really wasn’t interested in taking these guys to court. Actually, this hard lesson in partnerships nudged me into buying my current C-25. I have enjoyed making my own upgrades and love the freedom the boat offers me. I have seen other partnerships get complicated too. As has been stated before on this board, sailing is all about having fun and enjoying life. Only you will know if a partnership is right for you. Fair Winds. Todd Frye

Edited by - on

Greg Jackson
1st Mate

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84 Posts

Response Posted - 07/19/2004 : 23:14:32

I would suggest you re-think some of the logistics of owning a boat. If you really don't need to trailer it, then you could probably own a 27 instead of buyng into part of one.

The average cost difference between a C27 and a C25/wing is about $3000 to $4000. If you get a trailer boat, you need to haul it around. Anything that can haul it around is going to cost well over $3000. If owning such a boat requires you to move from a Honda to a Chevy Suburban, at $2.00 a gallon and a really big hunk of metal filling your garage or driveway, $3000 is easily spent on the tow machine.

Most of us with a C25 need to have a trailerable boat for one reason or another. If you really don't need to trailer, there are lots of different options.

Greg

Edited by - on

Frank Hopper
Past Commodore

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Pitcairn Island
6776 Posts

Response Posted - 07/20/2004 : 08:28:31

<blockquote id="quote">quote:<hr height="1" noshade id="quote">Originally posted by Greg Jackson
 

Most of us with a C25 need to have a trailerable boat for one reason or another. If you really don't need to trailer, there are lots of different options.

Greg
<hr height="1" noshade id="quote"></blockquote id="quote">

Hmm, in Kansas we sail April-October and haul either to our boat yard at the club, or as I do, to our driveway. Every boat in our club has a trailer even the J and Erickson 32s. I own a Catalina 25 because Catalina is the most resellable brand of boat there is and the 25 was the right entry price with the right cost of ownership. I think of our 25s as haulable not trailerable. Most of we inland people have no marinas and require a trailer to maintain our boats on the hard. I think that most trailering people have 22s. If money or trailerablity were the issue and I wanted to sail I would get a 22, they can be had from $1500 and up. This board often bashes 27s, I think a nice one would be a wonderful boat.

Edited by - on

Champipple
Master Marine Consultant

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USA
6855 Posts

Response Posted - 07/20/2004 : 08:33:05

A guy asked what he thought about boat partnerships...what do you think of my reply

I've been in a partnership now for the better part of 6 years. So far it has been a great experience, but we have a few rules -

1. Rule number one – we are not boat partners, we are co-owners. Living in Lakewood Ohio, two males need to be careful with a word such as partner.

2. Rule number two - Pay the bills on time.

4. The two owners are always welcome, regardless of what is going on or where you are sailing...

3A. If you need the boat for your own personal reasons, schedule it and remember to give the time up when its your turn to be on shore... (not so much the case now that we are both married, more an issue when we were both dating.)

4. If you want something and the other guy doesn't, you can buy it, but once its on the boat you only own half. (we tend to not keep a running tally but do try to spend equally - we definitely don't nickel and dime...I might buy block and tackle for the main, he might pay the insurance the ten dollar difference carries over into the next purchase or might get factored into beer/gas/food/ice and other expendables fund. We tend to fight more over who is getting the bar tab and not who isn’t.

5. The budget and task list are set in early Feb. (Usually on a bar napkin) If it doesn't make that list, don't spend any time fixing or repairing it until all the tasks on the list is completed.
5A. Don’t lose the bar napkin

6. Keep the crap clean.

7. No beverages leave the boat. If you bring them and don't drink them, you now only own half of them.

8. Follow all of our boating rules with respect to electric, sail care - and other general protocol(s).

9. Notify the other guy before you take it out for a sail so he doesn't get to the dock to find an empty slip.

We've done very well with everything and the best benefit is "everything is half price".

As long as there are ground rules in place and you are respect each other and the rules, things can go quite well....I have seen a number of partnerships go south (and I don't mean to the BVI's...

dw

Edited by - on

jwilliams
Captain

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USA
357 Posts

Response Posted - 07/20/2004 : 11:23:03

Larry,

Patience, keep looking for a deal, be willing to compromise on features and willing to go a ways to bring her home. (I got mine for $3500, no trailer.)

I cannot imagine having Hey Jude in a partnership. One of us partners would be dead in a month.

Now maybe that Catalina 30 I have been drooling for...

Jim Williams
Hey Jude C25fk 2958
SF Bay

Edited by - on

JimB517
Past Commodore

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USA
3285 Posts

Response Posted - 07/20/2004 : 13:56:30

You can probably get a C25 here in Southern CA for $3K to $10K easily. Even less if you want a "fixer-upper". Keep the boat in Mission Bay. Join Fleet 7. Drive down every weekend.

If you get a trailer, use it twice a year if you decide to pull the boat out for the winter. Otherwise forget the trailer, keep the boat in the slip, you'll have a lot more fun. I hate trailering, mast raising, launching, hanging out in the launch ramp parking lot.... I much prefer sailing, dock parties, fishing, kayaking, swimming, bike riding, walks on the beach, you get the idea.

Slips and monthly bottom cleaning cost about $300/month. But you can arrive and be sailing in 5 minutes. I'd say that it costs about $500/month to keep a C25 in a southern CA slip and use it all the time (slip, fixing broken things, buying new things, maintenance, insurance, fuel)... If you don't have the money and don't like working on boats get something else.

Forget partnerships. For every partnership that works there are 100 that end in a mess. Working on the boat, making it the way you want, and having it be your unique personal place is a great part of the fun of boat ownership.

Edited by - on

RichardG
Admiral

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USA
990 Posts

Response Posted - 07/20/2004 : 14:26:32

Get it in writing -- it seems that in general the chances of a successful partnership are directly proportional to the effort put in upfront getting all the ground rules in writing by all parties. The rules listed by Duane seem to be good. Searching the web could also provide further guidance in getting other ideas for specific contract points. For example, I've heard of specific contractual mechanisms/procedures which can significantly reduce the possibility of having to go to court should a partner not honor its obligations.

Note: I've never been in a boat partnership, but the idea of thinking hard about it upfront and making a contract seems very wise if you choose to go the partnership route.

Edited by - RichardG on 07/20/2004 14:39:10

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