I was a member of Sailtime Annapolis for several years. I really enjoyed it and thought it offered a fair value until they started making a few changes to increase their revenue; thus reducing my potential sailing time. The base owners are great folks and I wanted to see them succeed. I don't know all the details of why or what will happen next but I plan on keeping my ears open with the possibility of rejoining if there's an attractive restructure plan. If you put 7 members on a boat and charge them $8k/yr I would think you could operate a boat with some profit on $56K/yr. I wish I had 2 or 3 other reliable folks to start an LLC. Even with a 4 partner LLC the boat would still sit there 50% of the time. In any case, sorry I went off on a tangent. I'll be interested to see how this one plays out. Good luck to T & P owners of Sailtime Annapolis.
Last edited by ChesapeakeBayCatalina; 07-13-2009 at 05:49 PM.