Yes, owning a yacht for rent can be profitable, but owning a yacht rarely “pays for itself”. Chartering your yacht presents some unique benefits that can generate opportunities to make a profit on your investment in many ways, including compensating the cost of owning a yacht, selling your yacht for a. In short, profitability depends on a number of factors, from how long you plan to spend on board, depending on your location and the type of yacht you own. So yes, it is possible to benefit from owning a charter yacht.
But profitability requires careful planning, the right crew, a charter agent who can help you plan for success, and a little luck. While the possibility of offsetting the cost of the yacht (and potentially receiving some tax exemptions) is attractive, you will have to make some concessions on the availability of your boat for private use. Therefore, for charter yacht owners who want to rent, our proprietary yacht charter programs can be cost-effective. Or by the Internal Revenue Service for that matter, regardless of what someone who sells you a yacht tells you.
Many times yacht enthusiasts who are in the process of building a new boat don't want to wait for construction to finish to start sailing. However, as Craig Plassmeyer, owner of the 35-meter Seven Benetti yacht, says, for anything less than this, the solution is usually “to smile and hold on, if only to avoid paying huge fines. This, combined with his experience as a yacht skipper and a stint as a sailing instructor, means that it is particularly meaningful for him to see customers find the same happiness in sailing that he has felt for a long time. Owners who have a passion for yacht restoration can spend time, money and effort rebuilding the yacht.
Your yacht agent can discuss the pros and cons of enrolling your boat in a yacht charter program. Of course, no two superyachts are the same and no two superyacht owners have the same yacht tastes or aspirations. If you are making the decision to buy a boat or a yacht based on whether or not it is a good financial investment, you may want to reconsider your reasons for owning a boat. In other words, if you are buying yachts and are hoping to make a profit, look for yachts that are designed to accommodate charter guests.
We could say, in general, that the average use of a yacht by its owner rarely exceeds 2-3 weeks per year in the Mediterranean, therefore a managed yacht is a good compromise to manage your own boat if your investment in a yacht is not properly profit-oriented and as a prospective owner of a yacht, you are thinking of mainly covering the costs of ownership and depreciation.