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Yes, you can make money on a boat at that price with the right management and the right crew. I would still say that it's best to buy it for yourself, not as an "investment" that you expect to appreciate in value. There are also many tax incentives that you can take advantage of them would help the numbers to work.

@@mystyachtcharters thanks for your reply .. i would not buy a yatch just for myself i'm not rich enought ... but i could paid a 400k-500k boat cash .. let say i give it to you under your management & what kind of profit do you think in average after all the expenses i could do every years (sorry for my english i'm french)

BVI is the best market.

It's not age-specific. It's the crew that has been doing it for too long and gets too comfortable in the job that they can't take advice and become less accommodating and set in their ways. For instance, I once had a crew tell my clients that if they wanted to stay at the beach bar after 9pm, they needed to get a random ride back to the boat or find a water taxi because they needed rest. This crew was young but clearly "past their prime" and too comfortable in their job stability and relationship with the owner.. They seemed to have forgotten that it was "the client's boat for the week," and they work for the charter guests and are on their schedule. On the flip side, I have had crew tell guests that the chef gets up at 7, and they're not allowed to touch the coffee maker themselves even though they wake up at 5:30/6 am. This crew had a full booking calendar but again forgot that they were working for the guests for the week.

@@ProYachtie I see. Familiarity does indeed breed both complacency and contempt. Although I can certainly see that crew members are there for the guests and should provide great service, I wouldn't tolerate a work environment as seemingly demanding as the picture painted by this description. 5:30am-till late evening/whenever the guests are done is a bit much. It seems these folks are ran like rented mules and expected to smile and suck it up.

Softer than normal season but still the best place to base your yacht in the Caribbean

@@mystyachtcharters Thanks for your reply! 😎

@@mystyachtcharters what yacht style has the highest % of weeks booked?

Catamarans in the Virgin Islands always do the most charter weeks of any type of yacht, anywhere in the Caribbean@@mylifeonthebeach

@@mystyachtcharters Do the charter companies end up discounting pricing when the markets softens as you say, or do they protect their pricing at all costs. Wondering how competitive it gets when the economy gets weaker.

Yes, it's called a "cabin charter" or "by-the-cabin" charter. It's usually 6 double cabins each with a private bedroom and bathroom, and a two-person crew.

Belize is a challenging location to run charters, I believe (and I'm not an expert on this) that you need to pay a full import duty to run charters there, which is why you see a lot of older yachts in Belize, and no one is just there for one or two bookings.

We are a broker and "charter manager". Not a yacht manager. This means we manage the charter booking calendar, but we do not hire the crew, to the yacht accounting, or registrations.

Glad you liked it!

Hi John, Glad you like it! First of all, buy the yacht for yourself. A yacht salesperson could discuss potential charter revenue at different price points. The charter market is the strongest for catamaran in the BVI and power yachts in the Bahamas/Florida

@@mystyachtcharters Thank you. I'm retiring in 4 years and would love to live on a boat for a few years and do charters. I've got a lot of research to do.

Yes, it's possible it could offset the cost of the loan. If that is your goal it's essential to put the yacht somewhere with high demand for charters and price it competitively.

Glad you liked it!

Hi, honestly, you need to fly to get to most charter destinations; charter yachts are not really used as a means of transport. It's more about island hoping and sailing short distances.

Glad you liked it! Please reach out if you need help finding a yacht!

My specialty is in week-long charters of 20k so if you're looking to start a day charter company, the advice would be different. For week-long charters, It would help if you found someone to list your yacht on central databases and act as an escrow agent.

I also live in the pacific northwest and don't want to subject my family to the horrible traveling experience that happens on our airlines. I am willing to pay more to charter a boat to take us from Seattle to ecuador. How would I find a charter that is willing to drop us off in ecuador?

@@jessiesheldon-huffey1824 No yacht owner will be willing to relocate their yacht to Ecuador, no matter how much you pay them. Also, this trip might take e several weeks and is not recommended. Sorry!

@@mystyachtcharters why would the trip not be recommended ? Is that stretch of ocean particularly dangerous?

I'm glad you found it helpful

Hi, I'm not sure if I understand the question, but you can hire a captain for a 40ft yacht charter. That would be a "bareboat" yacht with a freelance captain added.

I want to charter my own vessel. It won't be big. It will be about 45ft. Can I still become a LLC?

@@Victoriaearth143 Most charter yachts are set up as an LLCs, but I would defer to your tax adviser on the best way to establish the business. There is a good charter market for 45 catamarans in the Bahamas and Caribbean.

Every situation is different, and you should only buy a yacht for "yourself." Offering charters can offset some of these expenses. How profitable it is will depend if you own or have financed the boat, how many crew the yacht has, the rates, and the market conditions, etc.

yes if you set you mind to it and work hard you can profit 100k with your set up.

On motor Loon we get $600k per week bro :) about $25-30 million per year on average GROSS

The primary goal is to offset the costs of owning a yacht. It's not necessarily a money-making venture. Some yachts can make money, but many variables go into it.

Plus experiences means: Fuel,Dockage,Provisions,Tips