How Tough Is the Owner/Charter Business?

[S.I.T.S.]

New to the board but diving in head first.

How realistic is this?

I want to get a 40 to 45 foot cat. I have 200k and if need be I could finance some of the purchase but I don't want a big monthly payment. I have seen enough used boats that appear to be in good to great shape that would meet my requirements. Set it up for diving, 10k for compressor and tank ranks, 6 max.
Liveaboard and charter one week on and one week off. Most likely I would do this out of southern Fl. and make trips to the Bahamas. All inlcusive for 5k a week. Two couples on board is $1250 a week per person. That is a cheap dive vacation with an added adventure of sailing. I am close to getting my instructor certification for scuba, so I also have potential for additional income on that side.

With that said,

A. Is 10k a month income enough to cover expenses and still show a profit? (slip,fuel,insurance,maintenance)?

B. How competitive is this market?

Thanks for your feedback

Bruce