Bouba
Well-Known Member
I think there could be one outstanding scenario, the OP is in the industry (and for many years) so does he have a customer base lined up? Does he know how much they will pay? In which case all he needs is a boat!
Dry Lease / Bareboat of 22-24 mtr
- Thread starter Ponderous
- Start date
Ponderous
New Member
????????
Ponderous
New Member
But it still doesn’t negate the fact I don’t have a spare 800k for the boat but I do have the 200k for business and costs for the season.... it’s a unique opportunity and a retirement plan more than anything ???
MrB
Well-Known Member
Granted, but no one is going to rent him a 22-24m yacht, coded with all the toys for £360 a day. (£10k per 28days) Never going to happen. You can charter a forumite of this parish's boat in the solent for £1800 per day and that's only 15m ish. Just not going to happen. Not putting a downer on things as everyone has got dreams but you have to be realistic. If the op does find a boat at that price then fair play.
Mr Googler
Well-Known Member
It’s going to be a circumstance where someone doesn’t plan on using their boat next season....pretty rare for a private owner I would imagine.
Would you not be better going to a manufacturer, get a new boat on loan and doing charter as part of a marketing campaign. Mix of boat shows, demos, private charter, events etc... the manufacturer might welcome £60k income for something that would usually be all cost I imagine.
Or maybe a stock boat that has been on the market for a while. There are a few brokers that own stock via px etc.....
Would you not be better going to a manufacturer, get a new boat on loan and doing charter as part of a marketing campaign. Mix of boat shows, demos, private charter, events etc... the manufacturer might welcome £60k income for something that would usually be all cost I imagine.
Or maybe a stock boat that has been on the market for a while. There are a few brokers that own stock via px etc.....
Portofino
Well-Known Member
Ok the numbers just change but the concept/ principle does not change .
Take this https://www.yachtworld.co.uk/boats/2005/sunseeker-82-yacht-3193494/?refSource=enhanced listing
So borrow £600:k put £400 K of you own .
Or put £1m into BTL and work as normal building up a pension nest egg .
Aside if you buy in a boat aged 10 y then run it for another 5 or 10 y it’s kinda passed it very early and you are open to being overlooked for punters seeking a new shaper .So the T/ o will dwindle as punters migrate to newer competitors.
Additionally the 10 y + boats gonna eat through a huge amount of repairs and renewals , think hire car modal .Nobody rents 10 y old supercars .Works across all Marques , Porsche’s , Lambos etc as well as boggo Opal corses .They are all new and dumped , auctioned off before the tyres wear out . But Avis and the like bulk buy 1000 ,s / month at huge discount from the manufacturers. So don’t actually have a lot of cash in each vehicle to fund .Hence the rent modal works , they can don€19 / day or what ever and still make money You are not doing that in the boat world .You have £1M in one old boat .
Unless of course there’s no completion .But then there’s a reason why there’s no competition........hmm ??
Obviously not seen your business plan re costing for a busy UK season .But if the price is near a Med price then because of the weather and glamour punters will go to the Med and use / rent a new shaper .
If it’s 1/2 price to temp them from not chartering a 2018 boat in the Med then the maths at your end don’t stack up .
jrudge
Well-Known Member
What is the demand for U.K. large boat charter ?
Limited I suspect.
Even on Mallorca they don’t get 100% chartering and if they do it is only for the peak 10 weeks or so.
Mallorca in April is often miserable. The U.K. in April taking a trip to a bouy with a jet rib? Sheer hell !
Limited I suspect.
Even on Mallorca they don’t get 100% chartering and if they do it is only for the peak 10 weeks or so.
Mallorca in April is often miserable. The U.K. in April taking a trip to a bouy with a jet rib? Sheer hell !
Ponderous
New Member
That’s why when offering £60k fixed for the season I was hoping I may get some different responses - never mind !! Carry on with the day job ??
MrB
Well-Known Member
Here's another thing, where will you be taking the people who charter you? What do they get out of it?? 1000nm over 6 months equates to 0.168 nm per day, hardly a fun day out!!
If you have years of experience as a charter Captain in the solent you will know how much things cost. At best you are a dreamer and good luck, but I feel on this occasion you are just trolling the forum.
For that reason alone, I'm out lol.
petem
Well-Known Member
Here's another thing, where will you be taking the people who charter you? What do they get out of it?? 1000nm over 6 months equates to 0.168 nm per day, hardly a fun day out!!
If you have years of experience as a charter Captain in the solent you will know how much things cost. At best you are a dreamer and good luck, but I feel on this occasion you are just trolling the forum.
For that reason alone, I'm out lol.
Maths not your forte MrB?
Ponderous
New Member
Great thanks for the encouraging words ?? - it’s a forum not a bank interview
MrB
Well-Known Member
Obviously, missed a bit out. lol
BruceK
Well-Known Member
Well I wish you luck. There may well be enough of a niche market to exploit it, but I'd hold it to myself.
BruceK
Well-Known Member
Dont sweat it. Roy does that all the time. Me too, it's why I think I can afford to boat.
sorabain
Well-Known Member
Maybe he misread the OP and thought he was chartering a boat on Saturn instead of the Solent, where a year lasts ~11000 days
MapisM
Well-Known Member
+1.
MrB
Well-Known Member
Noop, just got a number the wrong way round.
6x28=168 (28 days per M)
168÷1000= 0.168nm should have been 1000÷168= 5.952nm
Nothing interplanetary, just a red wine error in haste and for that i apologise to the op.
BruceK
Well-Known Member
Noop, just got a number the wrong way round.
6x28=168 (28 days per M)
168÷1000= 0.168nm should have been 1000÷168= 5.952nm
Nothing interplanetary, just a red wine error in haste and for that i apologise to the op.
Dont be so undignified. There is not a man here that has a good grasp of Math without delusion. Not even one!
jrudge
Well-Known Member
Noop, just got a number the wrong way round.
6x28=168 (28 days per M)
168÷1000= 0.168nm should have been 1000÷168= 5.952nm
Nothing interplanetary, just a red wine error in haste and for that i apologise to the op.
So 3 miles each way. That means day charter ( bear in mind a single chapter on the boats.co.uk 72 has gone Mallorca / Antibes and next stop is Malta! ) .
Henry will know how much day charter you can expect as that is what he does.
I would imagine that anything at all in April / May / September / October is a bonus and 2-3 trips a week in peak June / July / August? 3 a week I would imagine could well be over egging it.
I cant really see why anyone would do a long charter in the UK ( say a week) on a motor boat. It is not really flat seas and blue skies as you admire the fish and chips off Brighton pier. The cost here and the med will be similar so for the £150 in air fares I would imagine they would hop on a plane.
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Deleted User YDKXO
Guest
My thought is that its a massive business risk. If I understand you correctly, you are wanting to lease a 22-24m boat for 6 months and then offer skippered charter/accommodation with it? You know that the average charter rate for a boat this size with crew is £25-30k a week. Say you persuade somebody to lease you a boat for 6 months at £10-15k a week. Thats a fixed cost of £260-390k you will commit to before you make a penny. Can you afford that because the worst case scenario in this is that you commit to leasing the boat for 6 months and the venture doesnt work at all leaving you £260-390k out of pocket?
To be honest what I think youre asking here and perhaps are a bit afraid to say it is whether there are any owners of 22-24m boats out there who are willing to start a charter business with you, they putting in their boat and you putting in your expertise and labour. To be honest its not a bad proposition for somebody who owns an under utilised boat of this size but I think you would have to demonstrate to the owner of the boat that you bring a lot more to the business that just skippering and cooking capability. By that I mean have you got the ability to bring in customers, manage cash and accounts and manage the boat of course?