Despite the obvious appeal of living and working on the water, not everyone who enjoys boating can survive it.
Strategic Analysis with current research! Yacht Charter Service, Inc. The Company was founded by John Doe. Management has already begun to source a number of private yacht charters that maintain extensive fleets of small and large sized yachts.
For arranging a yacht charter, Yacht Charter Service, Inc. The third section of the business plan will further describe the services offered by Yacht Charter Service, Inc.
The interest rate and loan agreement are to be further discussed during negotiation. The financing will be used for the following: Management intends to work diligently to provide seamless operations that quickly place clients with their needed yacht charters.
Doe has more than 10 years of experience in the boating industry. Through his expertise, he will be able to catamaran charter business plan the operations of the business to profitability within its first year of operations.
Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years. Doe intends to implement marketing campaigns that will effectively target wealthy individuals and corporate clients within the target market.
The Company is registered as a corporation in the State of New York. Below is a breakdown of how these funds will be used: Doe is not seeking an investment from a third party at this time.
Doe may seek to sell the business to a third party for a significant earnings multiple. Most likely, the Company will hire a qualified business broker to sell the business on behalf of Yacht Charter Service, Inc.
Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings. Management has already begun to source yachts and yacht companies that it will use as it progresses through its business operations.
Currently, the economic market condition in the United States is sluggish. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. Many economists expect that this sluggish will continue for a significant period of time, at which point the economy will begin a prolonged recovery period.
The growth of the industry has increased significantly over the last five years as the price of fuel has increased significantly.
Among wealthy individuals, Management expects that these clients will be searching for a business that can provide them with reasonably priced yacht trips to and from any destination.
Among these clients, Management has outlined the following demographics: Management intends to use these demographics to develop Yacht Charter Service, Inc. The key to writing a strong competitive analysis is that you do your research on the local competition. Find out who your competitors are by searching online directories and searching in your local Yellow Pages.Along similar lines as forming a company, your Caribbean Catamaran business would need a few good decisions: crew, how to hire crew, what to look for, do they have work permits for the location where you wish to charter your catamaran, what background do they have.
May 02, · The business of chartering a yacht comes with many responsibilities. Not only do you have to establish a plan of action for servicing your clients, you also need to cover your assets. Review the following list of steps if you are interested in learning how to start a yacht charter business%(35).
Our restoration of the David B took eight years, and in , we achieved our goal of starting a charter boat business. Nowadays, our charters are usually between three and twelve days. Nowadays, our charters are usually between three and twelve days. Like so many people before us, our plan was to find an old boat, rebuild it, and share it with others by offering charters.
Although I grew up in the suburbs of Seattle, loved tidal pools and being near the water, I somehow had never found my way to boats.
Once you boat arrives and is ready for action, plan to launch your boat into the charter industry with a launch party and invite local travel booking agents to inspect your boat, who in turn will promote to their extensive databases. "YACHT AS A BUSINESS" OWNERSHIP PROGRAM. Follow This Link For General Information On Yacht Charter Management Programs>> OR Read On For "Boat/Yacht As A Business" Programs.
Catamaran Guru™ has been at the forefront of developing and operating the "Yacht As A Business", or for us, "Catamaran As A Business" concept. We have not only advocated it to our yacht-buying .