Large Catamarans for Sale

 
CATAMARAN CHARTER MANAGEMENT

Catamaran Charter Management If maximizing revenue is your number one goal then you must place your yacht in charter in the British Virgin Islands. The BVI is the number one charter destination in the world and 70% of all charter weeks are sold here. This area is number one because it has spectacular beaches, clean clear water, it's easy-to-navigate, has plenty of safe harbors, has plenty of varied things to do and is fairly easy to get to. Nearby St Thomas (U.S. Virgin Islands) has more and more nonstop flights each day from the US.

Many popular models get utilized as much as 25-30 weeks per year in the BVI. If your cat gets an average weekly rate of $8,000 per week then this can mean gross revenues of around $200-250,000 per year!

In summary, we will manage your boat in charter and split revenues 50-50...We will utilize the boats in captained-charters (sunset cruises, corporate events and ASA classes) and we charter them out only to qualified boaters. For our 50% of the revenue we manage the websites, do the accounting, collect and report sales tax, handle the vessel bookings, handle the customers, manage the maintenance, manage the cleaning before and after each charter and pay for the online scheduling system.

Catamaran Charter Management For your 50%, you must cover dockage, insurance and maintenance expenses (which should be very low on a new boat). Insurance costs are relatively low because you are part of a fleet that has been in business since 1956 and we have a very low loss-record. You can use the boat as much as you like, but we ask that you work with us and make sure it is available on the high-demand dates.

You may want to set up your boat in "Yacht As A Business" if you are in a high tax bracket. It's a bit more complicated and you must be "actively involved in the business", but there are substantial tax deductions (like accelerated depreciation and all operating expenses) are available if you run it like a business and I can explain this in detail if you like.

In summary, we will manage your boat in charter and split revenues 50-50...We will utilize the boats in captained-charters (sunset cruises, corporate events and ASA classes) and we charter them out only to qualified boaters. For our 50% of the revenue we manage the websites, do the accounting, collect and report sales tax, handle the vessel bookings, handle the customers, manage the maintenance, manage the cleaning before and after each charter and pay for the online scheduling system.

For your 50%, you must cover dockage, insurance and maintenance expenses (which should be very low on a new boat). Insurance costs are relatively low because you are part of a fleet that has been in business since 1956 and we have a very low loss-record. You can use the boat as much as you like, but we ask that you work with us and make sure it is available on the high-demand dates.

You may want to set up your boat in "Yacht As A Business" if you are in a high tax bracket. It's a bit more complicated and you must be "actively involved in the business", but there are substantial tax deductions (like accelerated depreciation and all operating expenses) are available if you run it like a business and I can explain this in detail if you like.

Catamaran Charter Management I can connect you with America's pre-eminent "yacht-charter-business CPA" (Glenn Gopman) who knows more about "Boat As A Business" and Section 179 Deductions for boats than any other CPA (if you have tax-related questions). It looks good to the IRS when you do this and show a profit at least one year out of three. Then IRS can't say it is a "hobby" and disallow your deductions. There is a strategy some yacht owners use to avoid depreciation "recapture" penalties which involve selling your boat to a captive foreign entity in years 2-3 and this should be orchestrated by a knowledgable attorney. Then you get all the benefits of accelerated depreciation with none of the drawbacks.

A copy of our charter management agreement is available for your perusal and when you settle on a particular boat model I will create a proforma income statement showing estimated revenues and expenses. A limited number of prime marina slips are available and they are available on a "first-come/first serve basis". Boats entering the fleet later will have to be moored in the harbor and will only go into the dock prior and after charters for cleaning and maintenance. So, it's best to get in on the ground floor.

Gary Fretz Catamaran Broker

Contact Gary Fretz for more information regarding Catamaran Charter Management by calling call 001.954.609.6282 or at BigYachts@gmail.com.

 


LargeCatamaransForSale.com

YACHTS INTERNATIONAL
1126 S. Federal Highway (Suite 253)
Fort Lauderdale, Florida, 33316, USA
001.954.609.6282
BigYachts@gmail.com
Fax 954.337.0544
Skype: Boataholic


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