johns
New member
is it possible to get a good incom from buying a boat and puting it to charter ,wuold it at least pay for itself
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charter incom
- Thread starter johns
- Start date
snowleopard
Active member
return on capital should be 10-13% provided you buy a well-known make and market it through a reliable agent. against this you must offset the much higher depreciation resulting from clumsy crews.
expect the income to no more than contribute to costs. the only way to make money is to act as an agent for other peoples' boats!
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expect the income to no more than contribute to costs. the only way to make money is to act as an agent for other peoples' boats!
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philip_stevens
Active member
Re: charter income
Mine has been on charter for the past 5 years, and the income just about covers the cost of insurance, moorings (Council and not marina), and layup, with a little bit left over for some repairs. You also need to have the boat with a charter company.
This, after you spend a few thousand getting it up to YDSA charter standard. It is not all plain sailing, and I will not be chartering my new boat.
Send off to the YDSA for a list of regulations and a form to give you some idea of what is required.
YDSA,
The Glass Works,
Penns Road,
Petersfield,
Hampshire, GU32 2EW.
<hr width=100% size=1>regards,
Philip
Mine has been on charter for the past 5 years, and the income just about covers the cost of insurance, moorings (Council and not marina), and layup, with a little bit left over for some repairs. You also need to have the boat with a charter company.
This, after you spend a few thousand getting it up to YDSA charter standard. It is not all plain sailing, and I will not be chartering my new boat.
Send off to the YDSA for a list of regulations and a form to give you some idea of what is required.
YDSA,
The Glass Works,
Penns Road,
Petersfield,
Hampshire, GU32 2EW.
<hr width=100% size=1>regards,
Philip