Hey guys!
Didn't make much research yet. And before I go deep down the rabbit whole and calculate for days.
What kind of ROI can this "type of business" generate.
The idea is to buy and rent out yachts (small one) in southeast Europe region.
Thank you guys for the input!
Greetings
I live in this industry and there are lots of ways to benefit, but depends vastly on the options you take.
For example a Day charter yacht is cheaper to build and run compared to a luxury yacht.
The day charter yacht will take lots of people (15-50) for 2-3 hour trips for a low entry fee
The luxury yacht will take 4-8 people for a whole day or weekend and charge a premium fee
It also depends on what value you start
investing with?
example I recently sold a build for a day charter build for 60pax which is has an ROI of 20% PA
If looked after properly this is a stable 10-15+ years of returns
I always hear people talking about Mediterranean and Caribbean about yachts charters.
Yes they are very popular but also means plenty of competition as someone above mentioned
Labor in Europe is expensive too for running the charter business
Look at Mauritius!
Cheaper labor!
An export company in Mauritius pays only 3% corporate tax
minimum investment required to acquire an occupation permit (OP) as an investor, and to live in Mauritius as a non citizen is $50,000
Occupation Permit is valid for 10 years. This type of permit enables noncitizen to reside or retire or open their own business in Mauritius,
you can bring their parents to Mauritius as dependents and will also not have to obtain an additional work permit for a spouse who also wants to work
But you also need to earn a minimum of $2500 banked into a Mauritius
bank account (Which is what you need to live off anyway)
Permanent residency requires an investment of $375,000.
So if you had to purchase and build a 50ft day charter catamaran yacht for $400,000 from us:
You could get permanent residency and a viable income generating ROI.
You don't have to live there, if you don't want to but it does mean mean you can have a gorgeous holiday on your own yacht whenever you want!