Compass Rose Investors & Supporters

Our business model involves presenting to the public a collection of vintage vessels for either charter service on the bay, or overnight accommodations. While this business model has lower overhead, the upfront capital needs for restoring a vintage yacht to appropriate condition are sizeable. Our goal is to fill a niche in the tourism and excursion market that provides hands on access to vintage vessels and yachts that are seldom available to the general public. At the same time, we will be offering an economic engine that will secure a future for a rapidly vanishing segment of maritime architecture. The majority of our vessels will be owner provided and managed by us with a revenue sharing arrangement that helps owners offset the considerable cost of maintaining vintage assets.

To meet the capital intensive startup costs, we are offering equity stakes for investors who provide $5,000 or more in capital for use in outfitting our first vessels. As an equity investor, you will receive a portion of the profits commensurate to your investment. You will also have access to our growing fleet of vintage vessels on a space available basis (crew, fuel and food costs not included). This is an excellent benefit for anyone who has ever considered owning one of these fine vessels, but was deterred by the cost and commitment of maintaining them.

If you think you might be interested, please contact Timothy Holmberg at 619-850-5039, or email at [email protected] and let's get underway!

We would like to gratefully acknowledge the support of our current investors.
Investors:
My mother (thank you for believing in me)
Christopher Garacci & Tim Thomas
Jamie Winn & Maxwell Krawez
Eric Fager
Paul Bischoff
Accion San Diego

Supporters and Donors:
My Mother (thank you for standing with me, it means more than you know)
My Father (thank you for encouraging me)
Christopher Garacci & Tim Thomas (Semper Fi)
Eric Fager
Jamie Winn
Jeannie Van Boening
Nick & Randal Sumabat
Paul Bischoff
Christina Michelle
Tootie
Antwane Green (Semper Fi)
Chad Hughes & Jesse Robles (Semper Fi)
Reid Younce
Larry Ramey
Cassie Leon (Farmer)
Mark Szotek
Doug Lathrop (fair winds my friend)
Tom Brille
Cassie McKinzey
Richard Lepper
Paul Colarik & Jay Kerzner
Linda Perine
Jackie Von Murphy (Mrs. English)
Peter Conneely
Michael Kirby
Scott Starbuck (or Starbuck S. :-)
Dave Cottle
Tom Gray
Bryan Riley
Jason Alan

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Compass Rose Investment Opportunity:

Your Invitation . . .
By now, you can see that I am no stranger to the hard work it takes to translate dreams into reality. But it will take more than just hard work to make this dream a reality. To date, I have invested over $60,000 in cash, and including my labor, that total reaches $85,000. I extend this invitation to you to join me as I round this last corner. There are no shortages of opportunities to invest your money, and none of them are without risk. I like to think this opportunity is unique among others - enough so that it has inspired me for the last four and a half years. Not withstanding the figures above or below, I can tell you that so far, this endeavor has returned more to me than any other investment I have ever made. I am looking for someone like myself who is not a groundhog, waiting for better weather. I am looking for someone who wants help make the weather instead of waiting for it to wash over them. That may sound foolish to some, but there is an old Japanese proverb that speaks of a butterfly's wings stirring the winds into a storm. I hope you will be one of those who steps foward and helps stir the winds of recovery in our country; if not with me, at least with someone. As Albert Einstein once observed, insanity is most easily reached by doing the same thing and expecting a different result.   

Timothy P. Holmberg
2907 Shelter Island Drive 105
San Diego, CA 92106

619-850-5039
[email protected]


Investment Outline:
In order to complete the restoration of the Compass Rose to a condition commensurate to its purpose of serving as a Boat & Breakfast and harbor cruising vessel, investors are being sought to raise a total of $20,000. Investor capital investment will be allocated as follows:

Equipment Purchases:
Radar  $1,000
Refrigeration unit $1500
Diesel Heater $1500
Stove/Oven $900
Total Equipment = $4,900

Haul Out Costs:
Boat yard fees $2,500
Keel Bolts $300
Additional Labor $900
Wood $500
Fasteners $400
Thru hulls $500
Cutlass bearings $480
Strut bolts/washers $198
Bottom paint $300
Prop removal/installation $300
Epoxy kit $161
Epoxy mixes $128
Packing glands $300
Total Haul Out = $6,966

Restoration Costs:
Addtl. Interior Restoration $2,000
Plumbing $1,000
Upholstery/Canvass     $3,000
Galley  (counters, flooring, storage) $600
Total Restoration = $6,600

Marketing & Memberships:
Color Pamphlets $1,000
Greater San Diego Buss. Assoc. w/ Ad $750
The Wedding Planners membership $500
Total Marketing = $2,250
Total Investment Applied = $18,750  
Contingency Reserve = $1,250

Investment Financing Option:
Another avenue for investors would be the traditional business loan format. As a new business, business loans are difficult to obtain even under the best circumstances. The loan amount of $20,000 would be repaid on a monthly basis starting six months from the date of capital investment at the rate of $450.00 per month during the five year period. Total repayment will equal $25,500. Upon repayment the suggested overall rate of return on initial investment will equal approximately 25%. The lender(s) would also be afforded two weeks per year free accommodations and cruising privileges aboard the Compass Rose during the period of investment (excluding fuel, crew and food costs). Free accommodations represent a $10,000 value over the term of the investment and are an excellent added value.

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