Commission and Charges
By the size and nature of our business, we have to charge VAT, and our example costings include this. We have a minimum charge for any boat sale of £360 inc VAT, which is charged once the boat is listed. This covers both on-line submissions, and inclusion into printed press, which usually has around a six week lead time.
The Brokerage department is a separate operating entity from the main boatyard business. All customer money is held in a seperate escow bank account, and is only released after expenses and cleared funds are received.
Standard Boatyard fees are due, but the brokerage department is able to offer some additional discounts during the summer season. However, the yard offers its own storage discount schemee in summer ,and remains chaeper than local council facilities. There are no discounts in winter.
In some occasions, customers request a multiple broker listing. In these instances we are happy to work alongside other brokers, and provide them a listing annd referral incentive of 2%. This is added to the overall brokerage commission. If a boat sells without external introduction, then a nominal fee is charged and given to the other broker.
Some customers wish to save on storage, and so this 2% incentive can be used to offset summer storage costs. However, if a boat is withdrawn from sale, then the minimum brokerage charge applies, together with a re-charge at undiscounted storage costs.