Caribbean, USA & Mediterrean

Often Yacht Owners may find that they may not be able to vacation as much as they would like too on their luxury catamaran as originally planned and many times their catamaran may be sitting unused. Owners might want to consider the potential of utilizing those unused weeks and offer their catamaran for charter in the location of their choice. This charter business plan can offset some of the annual maintenance costs and covers some of the costs of the crew salaries. If your luxury catamaran purchase fits into the dynamics of earning revenue in the charter industry we can invite you to join our charter fleet and assist in gaining bookings on your catamaran. Our experienced charter management team can assist and guide Owners on how to operate as a high end charter catamaran maximizing charter income. Charter income can be used to cover crew salaries and other maintenance and operation costs and is an additional source of income for your crew.

Upon your decision on chartering your luxury catamaran, we set into high gear and advertise your catamaran to our extensive catamaran vacation database and our in-house charter agents will focus on booking retail charters aboard your catamaran. We also advertise and market to all industry brokers by ensure print and online brochures are readily available, along with crew profile information, update to date availability and any other necessary booking details that is vital to book charter weeks.

The Catamaran Company will market your catamaran to two types of clientele.

Charter Agents will contact us directly on information about crew nationality, special services onboard, water-sports offered, menus, charter rates and availability. The Catamaran Company will handle all contracts (MYBA & CYBA), booking details, escrow deposits, preferences by guests and communicate with your crew to ensure a smooth booking process.

EXCEPTIONAL CHARTER BASE IN HEART OF THE CARIBBEAN.

An important part of our company is that we do offer a fully serviced charter base that operates charters in one of the worlds’ best charter destination - Tortola, BVI. Our operation offers services to Yacht Owners & Crew such as catamaran dockage, ordering of catamaran parts, catamaran technical expertise, turnaround assistance, Office staff and reception services. We can also extend our base level service to St Martin, Leeward Islands permitting charters throughout the Caribbean such as St Bart’s, Nevis, St Kitts and further south in the Grenadines. With our 25 + years of catamaran experience we can offer exceptional service and a one stop shop from the catamaran purchase to chartering throughout the Caribbean. If the Mediterrean peaks your interest during the summer months, we have experienced consultants on staff who can assist and advice on the legalities of chartering in the Med.

ACCESS TO QUALIFIED CREW...

Excellence of the crews is an integral part of the success of a luxurious and prestigious charter catamaran. We like to highlight the importance of qualified crew maintaining an excellent reputation to gain repeat business throughout the catamarans charter life.

The Catamaran Company Charter Management Team will diligently organize all necessary services throughout the duration of your agreement. With more than 25 years of experience, we have compiled the most extensive database of captains, crew and service contacts throughout the Caribbean, Mediterrean and USA.

FLEXIBILITY & CHOICES...

Our exclusive crewed yacht program offers an Owner unlimited owner’s weeks onboard his luxury catamaran and allows an Owner to outfit the catamaran to suit his/her tastes. The Catamaran Company charter program is tailor-made for Owners who wish to layout their catamaran according to their own luxurious lifestyle requirements. Owners choose the equipment that suits the dynamics of their families and friends while still offering their catamaran to the charter market. Our program is a flexible one with many choices. Owners have the ability to vacation aboard their luxury catamaran at any time and enjoy the five star services offered by their experienced crew just like a guest would when chartering the catamaran.

Additional program highlights...

	Unlimited Owner usage.
	Exceptional customer service and maintenance team.
	Eliminates responsibility of hiring a qualified crew and service technicians.
	Eliminates management headaches for the owner.
	Management of any unanticipated occurrences (breakdowns, equipment failure, etc.).
	The Catamaran Company’s extensive and targeted marketing efforts.

What to expect when operating a luxury catamaran with exceptional service and crew in the Caribbean, USA or Mediterranean

Financial charter projections can be provided in the consultation process to highlight the potential revenue your catamaran could produce in charter. If you decide to go down the charter route then management agreements, crew placement and charter calendar management will be explained and provided during the consultation.

Upon deciding on the catamaran you would like to purchase and the decision to enter into a luxury charter management program in Tortola, we will provide you with a proven and tested projection based on the luxury multihull model you have chosen to charter.

Each model will generate a different amount of revenue, and we will provide you with a detailed projection upon request. Depending on the catamaran and its size, owner’s layouts could outsell charter layout bookings and charter layouts can outsell the owner’s version.

The charter rate of your catamaran will be based on the current market and will depend on the availability of the model in the Caribbean, USA or Mediterranean and the amount of that specific model of catamarans available to charter in your destination of choice

Your luxury catamaran consultant will review the final order confirmations that depict the equipment, layout and crew choice on your luxury catamaran. We will estimate your charter price and the amount of weeks you could earn. The below is an explanation of the amount of revenue a luxurious catamaran could produce in high end charter and the expenses involved. Please note our numbers are quite conservative as we prefer to under promise and over deliver!

It is advised you contact one our luxury catamaran consultants to discuss the below as we can give you more insight on how to operate a successful Catamaran

Lagoon 620 – 6 cabin layout that accommodates 10 guests + 2 Crew – FINANCIAL PROJECTIONS PRICED AND EQUIPPED AT $2, 2 MILLION based in Tortola, British Virgin Islands

FREQUENTLY ASKED QUESTIONS ON CHARTER VARIABLE COSTS

How did we calculate provisions & Beverages?

The Catamaran Company or crew will manage your budget for provisions & beverages for guests. This is a very important budgeting item and should be monitored very carefully. Our budget for 10 guests is $80 per day x 7 days = $560

$560 X 10 guests = $5,600 per charter. Multiply that by 18 charters per annum and the total is $100,800 per annum. This amount could be less depending on amount of guests for each charter and how well your crew and management company utilize the provisions & choice of food and meal choices and brands for wine and spirits when on charter...

DEFINITION OF A TURNAROUND

Turnaround relates to hiring of qualified staff to ensure that the luxury catamaran is prepared for charter to deliver a five star product for charter guests It includes cleaning staff when necessary, cleaning products and materials, technical & mechanical maintenance , and hiring of staff to assist crew with short turnaround (24 – 48 hour) Because luxury crewed yacht charters cater to high end guests, we must ensure that the crew have adequate assistance in presenting a spotless, nice smelling, prepared yacht and a seamless charter vacation for guests with no mechanical breakdowns during charter. Turnaround also means that the crew/management company needs to account for time spent for customer service that relates to issuing and managing permits, organizing taxi’s, flight reconfirmations and communications with the guests prior to charter.

As we are catering towards high end charters with upmarket clientele, it is vital that the crew communicate with the guests in advance to ensure the preferences the guests listed on the preference sheets are seen to and delivered in a five star fashion.

FIXED EXPENSES

FREQUENTLY ASKED QUESTIONS ON FIXED EXPENSES

What is WEB MARKETING COSTS?

This is an optional amount that an Owner should consider preparing on top of central agency or commonly named as clearinghouse commission, broker commissions and full management fees. This fee could be to set up an upmarket personal website that is broker friendly on top of the standard websites. IT could be allocated to google ad-words, photography, videography and print advertising or custom email blasts. It is optional but the most successful luxury yachts in the industry are catamarans that have crew and owner marketing their boat in addition to normal central agency services. The optional $2,000 per year includes the fee of maintaining industry databases.

OPERATING EXPENSES

Operating costs can be expensive but with an excellent crew, Management Company and Owner that partakes in the success of a luxury catamaran, those costs could be kept to a minimum. These numbers are genuine but could fluctuate depending the Owner and crew situation.

Yacht Annual Operating Costs :

FREQUENTLY ASKED QUESTIONS ON ANNUAL YACHT EXPENSES

How did we calculate Crew Salary?

The salary aboard a luxury Lagoon 620 charter catamaran that accommodates up to 8 to 10 guests is $70,000 per year. This is based on a team. Normally Husband & Wife or Boyfriend/Girlfriend team. One of the team members act as the captain and the other team member will be the gourmet chef. Crew salaries can fluctuate depending on crew tip programs and crew bonuses. Keep in mind that the above projection does not include the 15 – 20% standard crew tip per charter to is directly paid to the crew.

Why a FIRST MATE?

A catamaran that is in the 62 ft. + Range that accommodates 10 guests, requires a third person to assist the captain in sailing, mooring, anchoring, diving, watersports, tender transportation. The FIRST MATE facilitates the Captain/Chef with customer service and quality of the charter for guests aboard the catamaran. The First mate will also assist the chef in serving, clearing and serving cocktails but primary duty is to ensure safe sailing and delivering five star service to guests.

Is Health Insurance part of the crew’s employment package?

Yes, the Owner is responsible in ensuring that the team aboard is covered by insurance. We do advise the best Health Insurance crew companies to sign up with and all details involved. Health Insurance is not mandatory but advised

Yacht Insurance

IN order for a yacht to operate in charter in the Caribbean, insurance is vital. We do offer a fleet insurance that is estimated at 1.8% of the hull value fully equipped. Upon your purchase of your catamaran and final decision on chartering your catamaran, we will add your yacht to our fleet insurance. We estimate a Lagoon 620 – 6 cabin - fully equipped at $2,237,268 is $40,271 per

FULL Yacht Management

Optional full management is estimated at $30 per foot per month. The total per month is $1,680 per month = $22,300 per annum on luxury catamaran that is 62ft.

Please note that we don’t recommend FULL Management for the second year in charter. The choice is yours if you wish to continue on with FULL Management but it may not be necessary. We recommend full management for the first year or at least part of the year when the Owner is not yet fully comfortable with the charter industry. And although most owners work directly with the crew after the first year, some choose to leave FULL Management program and just opt for the Central Agency services with The Catamaran Company.

How did we calculate dockage

Depending on experience of crew and amount of charters will define your yearly dockage amount. It is estimate that if you were to do 18 charters per year, it would be mean you should be on the dock only 54 days or 3 days per charter ( 2 days prior to the charter and 1 day after that) times a year to prepare for charter and pick up for charter. The cost for a crewed yacht to visit our docks to prepare for charter is estimated at $2, 50 per foot.

How did we calculate Utilities?

Utilities will be $65/day (elect is $0.65/kwh 100 kwh per day min $65 per day $65 x 54 days = $3510 (3 days on dock per charter. Estimate at 18 weeks x 3 = $54)

The above is based on a Lagoon 620 6 cabin layout full equipped for crewed charters. Equipped for charter on $2, 237,268.

To view full detailed projections in format without explanations, please fill in our quick form and projections for Lagoon 52, 560, and 62 will be delivered directly to your inbox.

Please note that upon your submitting your form, one of our Luxury Catamaran Consultants specializing in sales and charter of 52 + catamarans will contact you to assist you further.

How does one buy a new build or custom luxury 60 Ft + catamaran?

• You start with our expert teams of consultants that specialize in the purchase of large catamarans...
• At The Catamaran Company, we believe you deserve expert advice in planning your decision to purchase a luxury catamaran.
• Let our knowledge and experience work for you!

Some of the areas in which our experts will offer guidance include:

Catamaran Longevity.

Will your choice of catamaran allow you to maintain your current lifestyle during your sailing endeavors? Is your catamaran optimally designed and expertly managed to ensure that in the long term the costs can be kept down and enable you to enjoy the yacht in various destinations? Our team will share their experience about ‘worry-free’ programs that allow you to maximize your enjoyment over the long term.

Assistance in Builder Contract.

We can offer you expert advice and assistance in understanding the contractual terms between you and the chosen builder. We can provide explanations of the installment payments required after factoring in fluctuations in not only materials but also exchange rates. If the choice is to build a custom catamaran, contracts will be needed between the Buyer and the designer, architects and surveyors. Our goal is to ensure that every aspect of these contracts are legally binding but also well-defined. Building a custom cat will be more challenging but it should also be enjoyable. Our team can assist in the process to deliver a safe multihull that fulfills all your expectations. Some people may choose to build their “OWN DESIGN” catamaran which suits their tastes and could be a better choice in the end when comparing to the other catamarans that currently exist in the market place. With our excellent customer service, technical experts and experience, we can assist in delivering your DREAM CATAMARAN. And you are dealing with a one-stop shop so all of our services can be carried in-house from the initial design to charter yacht management

Expert advice in sailing performance & Sea Trials.

No two large catamarans are the same. Every large catamaran currently in the market place offers different performance, speed, range and accommodations. Our team will share our firsthand knowledge and experience of sailing performances between each model to ensure that you are satisfied when determining the model of choice. We understand that the purchase of a multi-million $ catamaran is not an everyday decision so you deserve to try and test sail the closest catamaran where available. Our team will advise of locations of models available to inspect prior to your purchase and ensure the product you are purchasing is the right one!

Assistance in outfitting your catamaran.

It goes without saying that the choice of options will dramatically affect the final price. There are many different options available when outfitting your catamaran of choice so let us assist in advising you of the best possible choices when deciding how to equip your catamaran. Consider just those decisions to be made with regard to upholstery, deck gear, interior equipment, rigging, electrical circuits and electronics! We already have and we will strive to ensure that no item is missed throughout the building process.

Assistance in choosing personalized layouts.

The choice is yours but it is an important one! Our team will analyze with you each type of layout from a strict owner’s layout to the numerous different charter versions and everything in between. Your long term goals and needs should dictate your choice of layout so let us consult with you to identify the layout that best suits you.

Launching, Delivery & Quality Control.

We will be on hand to supervise the entire construction of the vessel from start to finish. Superior quality control is necessary to ensure all equipment purchased meets your expectations but the real key is upon the launch of the catamaran. Upon a launch of a catamaran, common issues will always occur. Under our Dealer Preparation Plan we send our team of consultants to your catamaran during the building process to ensure these common issues do not occur and verify this once again at the time of launching to avoid out of pocket expenses to the owner. Our goal is to eliminate 95% of the issues prior to them actually happening and not discover them after launching.

Expert Charter advice.

Financial charter projections can be provided in the consultation process to highlight the potential revenue your catamaran could produce in charter. If you decide to go down the charter route then management agreements, crew placement and charter calendar management will be explained and provided during the consultation.

What to expect?

Your complimentary consultation will be conducted over the course of several meetings with a Catamaran Company consultant specializing in new build catamarans.

Step 1: Discovery Consultation.

During the first meeting, you and your Catamaran Specialist will discuss a range of topics designed to explore and establish a framework regarding your current sailing plans, your future goals and your life-long sailing vision

Step 2: Catamaran Design Analysis Review.

Your consultant will conduct comprehensive analyses, based upon information gathered during your discovery consultation, in order to determine the best catamaran design and sailing plan strategy for your unique goals and needs.

Step 3: Catamaran Choice Consultation.

Your consultant will present a design strategy, based upon quantitative analysis, designed to support your complete life-long sailing plans. Together you will review in greater detail some of the catamaran concepts and options discussed and explore potential next steps.