I, and others here I'm sure, am experienced as a charter
captain, boat owner, and foreign charter
business owner. I've also worked in the charter industry in various venues off and on over decades. So I've got a strong experiential basis for my opinions and advice.
A few more comments/suggestions below:
With a single
boat the best you are likely to do is break even on operating expenses. It is not impossible to do better, I've done it as have others I know and some members here, its just unlikely. And you will have to work
very hard to do that. It is of course easy to do worse (as most do). There are countless sad stories who have preceded you with this same dream. I can think of almost a dozen such boats abandonded just here in the Western Caribbean
...people who ultimately chose just to walk away. There are a few success too, but far fewer.
If all you really want is a more interesting lifestyle and are not dependent upon making a profit from the boat, then running it in charter somewhere can probably meet that objective.
For an excellent primer on doing business almost anywhere Caribbean
, I suggested you read Herman Wok's " Don't Stop The Carnival". If you chose to go ahead with the misadventure of pursuing this business, then read it again after a few years of experience....its even funnier. This story is about a hotel
, but boat or hotel
, it doesn't matter...it will be a Carnival. ;-)
While it is possible to run a single boat charter biz that will cover expenses and maybe, maybe, make an operating profit you will never earn back the money you have invested in refitting the boat either from operating profits or the sale
. Harsh reality is that money is almost certainly just gone. You can however probably get the purchase price
, or close it, of the boat back from a sale
(assuming of course you paid no more than a fair market value for it).
Just repositioning a power vessel to another venue will be another significant expense.
Doing business in a venue where you, and the boat, can do so legally is a big head
start. A few related questions: what is your nationality? Where is the boat registered? Where was it built?
My primary suggestion though is that you cut your loses and sell the boat.