"DSK" wrote in message
.. .

Might be fun, depending on what you could do with your share. I bet they
wouldn't let a 1/10th share owner actually take the boat out
independently for 1/10th of her season though.

Fresh Breezes- Doug King


ADVENTURES IN PARADISE, LLC, has been formed to fully restore the boat to
better than new condition, and fit the boat out for extended cruising and
commercial chartering. The LLC is being capitalized at $2 million. Half of
this amount is being invested by the initial five members of the LLC. The
other $1,000,000 is being offered for sale as 50 membership units in the LLC
at a cost of $20,000 each. Capital invested will be used to refit the vessel
and prepare it for income generating charter service. Once fully restored
and ready to sail (scheduled for fall of 2005), the Company will market and
sell a variety of cruise and charter packages to the public and to special
interest groups for 20-30 weeks per year. Marketing will occur through a
contracted management company as well as independently. These rentals will
generate $15,000 to $25,000 per week, reaching an annual revenue stream of
in excess of $500,000 within four years. After operating expenses,
management expects the business to generate a net annual income that grows
to more than $200,000 during the first five years.

Each membership share will entitle the member to two weeks of prepaid
all-inclusive vacation cruising for two people on Dolphin each year, plus a
share of profits from the charter business. It is projected that members
will receive an annual return on invested capital of 7 to 14% which will
average 11 percent. Additionally, shares may be sold, transferred, gifted or
traded freely. The owners will also receive a proportional share of any
proceeds from the eventual sale of the boat and business, thus more than
doubling their investment after five years. Details are included in the
Business Plan which follows.


The thing is, they're not guaranteeing your investment, indeed, the whole
project could go down the tubes before the boat is re-launched.
John Cairns