Originally Posted by sandymwp
we are looking at a 50ft saba, to be built
....6 cabins...any ideas about placing this in charter?
I came into this world by buying
a boat and putting in charter and I finished up owning a charter company... So, I've been on both side of the table. Here are my toughts;
-Saba 50 is an excellent boat for charter and every charter company would love to have her on their fleet.
-Putting a boat in charter is an excellent idea IF you can find a the right charter company, otherwise, it can turn out to a nightmare pretty soon..
-charter version of each boat has more chance in charter both in terms of getting more booking and at better weekly prices. (more cabins and heads, more people to share the expenses..) Nonetheless, at the end of charter, owner versions are sold easier and at better price.
-Most people tend to go the companies which they believe they can ensure better occupancy for their boats, hence, better income
. BUT, this is a big mistake..The single
most important factors determining the ROI are the initial purchase
prices of the boat and the second hand value of the boat after charter period. A company X can guarantee very high yearly incomes if they don't look after yr boat. Or even worse, they still don't look after yr boat but they keep on charging
you various nonsense expenses. If the boat is not properly kept, you willl have a wreck at the end of the charter period and will have to spend tons of $ to put back yr boat in shape to be able to sail her away or sell it to a decent price. Because of these kind of people boats going out of charter have such a bad reputation.
-I am amazed to see claims like "guaranteed income
of 10-11%". Trust me, this simply is impossible. Read very carefully the mostly one sided charter agreements to avoid bad surprises.
-As I said, the initial purchase
value of the boat is key. I know that FP dealers offers discount from 0 to 12-13 %. Yr charter company should help you getting the max. discount possible. Some optional equipment
are cheaper to get from the factory some are not. You can save a lot of money
by taking the right options from the right sources.
-Hire a boat from the company/ies you are considering and see how they do perform the check in/out procedures and visit one of the oldest boat of the fleet..
-Finally, don't put on a charter boat the options like washing
machines and so on that don't add any value to charter customers. The charter company should know better than you what is needed what is not. After charter period you may add whatever you want..