In this episode, Amanda Haley, Maryline Bossar and Lisa Nichols discuss the essentials of starting a yacht charter business. They cover the importance of chartering before buying, the role of a charter broker, and the significance of choosing the right boat, management company, and location. The conversation also touches on trends in charter destinations and the financial aspects of owning a charter yacht.
Contact & Resources:
Lisa Nichols, Elite Catamaran Charters: https://elitecatamarancharters.com/
📩 Get in touch with Current Yachts: https://currentyachts.com/contact
Key Takeaways:
⛵️ Chartering before buying a yacht is crucial to understand the experience
🤝 A charter broker can provide valuable insights and protection for clients.
🗺️ Choosing the right boat and location is key to a successful charter business.
🌴 The Caribbean and Mediterranean are popular charter destinations.
💰 Financial planning is essential for yacht ownership and chartering.
😎 A yacht is a lifestyle investment, not a profit-making asset.
⚙️ Speak to industry experts to validate your pro forma.
🔎 Vetting your charter operator in person is essential.
🌟 The reputation of the charter management company is paramount.
🛥️ Trends show a preference for larger boats with more cabins.
📆 Booking charters in advance is the norm once again.
💭 ABOUT CURRENT YACHTS Current Yachts revolutionizes yacht sales by offering a transparent, service-based pricing model that puts the consumer first. How?
1️⃣ We replace traditional high commissions in yacht brokerage with flat-rate selling expenses, and the buyer-side commission (co-brokerage) only gets paid when a co-broker is present -- saving our sellers money.
2️⃣ We are a full service yacht brokerage company with licensed and bonded professional brokers assisting yacht sellers and buyers every step of the way.
3️⃣ Current Yachts is also the first yacht brokerage company to offer a buyer representation agreement.
💻 Our modern platform streamlines the listing intake process, and ensures real-time communication and analytics for all parties. Our team is focused on transparent yacht sales and facilitates faster, more efficient transactions. We've set out to build a genuine community that offers exclusive insights and resources, empowering yacht owners and buyers alike. And our podcast Full Displacement is designed to educate yacht sellers and buyers, and to share what is happening in the yacht brokerage market.
