Why Yacht Charter Management Program - What The Yacht Owners Have To Say?

26.03.2018

Charter management program can be a great opportunity for you to become a boat owner which allows you to purchase a new boat with the lowest possible initial investment and with return of investment in a few years period. The point is not to buy a boat in order to make an easy money, but to enjoy your boat and not worry too much about the costs. So, during the period you do not use your boat, the costs will be covered from the charter revenue. Maintenance and berth costs are also included in all the calculations and at the end of the year you will be happy having some money earned. Considering that the yacht charter management program is a theme that is of main interest to yacht investors, Euronautic has decided to carry out its (small) internal research with the aim of obtaining as much relevant data as possible from the present boat owners.

What are the most common reasons for this type of investment is it only making a profit or just covering maintenance costs and what factors are crucial for stepping into this kind of investment - read below.

The fact that even one quarter of the world's charter fleet is located on the Adriatic Sea makes a great picture about profitability. That has been recognized by Euronautic’s users where 67% of them had in mind the investment and the return of investment as their primary target when purchasing a boat. 17% of them wanted to have a boat for personal usage and cover the costs through charter management, while the same percentage wanted to purchase their own boat at the lowest possible cost.

In order to reach targeted goals, you firstly have to find an adequate charter management company that will successfully guide you through the whole process. You can reach charter Management Company through your own research or by searching for good recommendations. By being given a great recommendation, even 50% of the boat owners opted for Euronautic, while the remaining 50% choose Euronautic because of the good references they found through their own research. Furthermore, 50% of the all surveyed owners listed the company’s booking list as the most important and crucial reference. A good booking list means that the charter management company takes a good care of the vessel's occupancy and thus guarantees you a profit. Euronautic is proud that all customers are satisfied with their booking occupancy and believes that the price achieved with charter clients is in line with the market. Only an insignificant percentage (less than 10%) thinks that the accomplished rental rates are lower than the market ones.

When it comes to boat chartering or boat rental, one of the most suspicious things is absolutely concern about the maintenance of the boat and skeptics about compliance with all contracted maintenance items. For instance, Euronautic has annual contracts in which commits to maintain every boat for winter and summer season, on regular basis and also to take care about unexpected issues and damages. What is more, Euronautic can deliver services on an on-demand basis. Exactly for this reason, over 90% of Euronautic’s surveyed boat owners are satisfied with the care and maintenance of their boats.

Because of good booking results, great boat maintenance, transparent communication with owners and the other things important for charter management, Euronautic has passed with flying colors. Over 95% of surveyed owners claim that Euronautic has completely fulfilled their expectations. When it comes to communication between the owners and the base staff, the surveyed owners rated them with the highest marks. According to the opinion of the vessel’s owners a great opportunity to improve Euronautic’s services lies in setting up a new charter base Southern from Biograd, expanding the season to spring months and in adding some privileges to the owners.

Due of all advantages mentioned above and high satisfaction service level, over 95% of the surveyed owners answered affirmatively to the question ‘would you recommend Euronautic services to the potential future owners’? The most frequent reason for recommendation is a great occupancy of the entire booking list, transparent communication and good vessel maintenance.

In case you’re considering this type of investment and you want to join our satisfied owners, you should definitely contact us. We would gladly introduce charter business in Croatia, calculation of incomes and outcomes according to the size of the vessel and discuss about advantages and disadvantages of the investment. We will adapt to all your wishes and needs and successfully launch you into the world of the yacht charter business!

 

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