How To Start A Yacht Charter Company?

The US private boat charter industry is worth nearly 877 million, with an average annual growth of 2.4% in the last five years. Starting a yacht charter business can be a lucrative venture for maritime entrepreneurs, as it involves establishing a plan of action for servicing clients and covering various responsibilities. The global yacht charter market offers a variety of options, including franchises for Invert Sports, Sea Tow, and Cruisin Tikis.

To start a successful yacht charter business, follow these six steps: choose an idea, develop a website for your boating startup, market your business, obtain insurance, hire your crew, register your business with the IRS, open a business bank account, obtain a business credit card, obtain required business licenses and permits, and more.

To start a charter business, follow these steps: find your niche, create a strong online presence, leverage social media, and develop a referral program. A DIY charter boat business startup kit can be created by getting sailing boating lessons, deckhanding on another charter boat, and setting up a business partnership with a charter management company that understands the guidelines and will book the yacht for charter.

Owning a yacht to charter can be profitable under specific circumstances, but it’s essential to know what to do to maximize return on investment (ROI) with your yacht.