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Re: Crewed Charter Ownership
Thanks for the response Jay.
Can you expand on a few items?
1) Why do you need a 100 ton license?
2) I was told that a STCW cert is not needed if your vessel is less then 200 gross tons and doing domestic trips (starting and ending at a US port).
3) 10k for a haul out? That would be around $225.00 per foot, sounds pretty steep. I think Nanny cay is charging around 16 bucks per foot.
4) I seem to remember someone using CYOA boats for crewed charters? Do they still allow that. Seems like a good back up plan if you had major mechanical issue before a charter.
I've been immersed in research and yes, it is a very expensive business to consider. But I do think the lifestyle adds to the return on investment. Currently talking with a few owners who have expressed interest in putting their boats into a crewed program. Working the numbers I think the only way this makes sense is to use an older (well cared for) vessel. Purchasing a new boat is way to costly and I don't think the maintenance costs are that much lower. At least not enough to beat the deprecation.
Again, thank you so much for the reply.