We recognize that exploring the potential purchase of a yacht and placing it into charter is a major decision for most people. Until now, the charter industry has not done a particularly good job providing comprehensive and transparent information for prospective charter yacht owners. We’re hoping to help change that.
Because of this, we’ve developed a set of Guides that aim to provide the information you need to make an informed decision of what yacht to buy, how yacht management programs work, and what financial outcomes you could anticipate.
In parallel with creating these Guides, we took a hard look at our traditional yacht management program. While this program has worked well for most of our owners over the years, we think we can do even better going forward.
That’s why we developed the BYC Partnership Program, described in its own Guide. We invite you to be among the first to access these Guides. We would appreciate your comments and feedback as to whether you find these Guides useful, and how we can improve them in future.
FREE Barefoot Guides
The Barefoot Guide to Buying a Charter Yacht
If you are thinking about acquiring a yacht and placing it into charter, this guide is for you! Charter yacht ownership can be rewarding financially, and in terms of lifestyle, and cruising experience. But it is important to ensure that the yacht you acquire is optimized to maximize achievement of the objectives you have in mind.
The Barefoot Guide to Selecting a Charter Management Company
If you are considering placing a yacht in charter, and wondering which charter management company to entrust with your yacht, read on! For many generations of owners, placing a yacht into charter has been rewarding financially, and in terms of lifestyle, and cruising experience. But not all charter yacht management companies are equal, and achieving your objectives will depend significantly on picking the one that is right for you.
The Barefoot Guide to the BYC Partnership Program
If you are considering placing a yacht in charter, and wonder what BYC’s Partnership Program could do for you, this brief guide will give you the answers you need. For many generations of owners, placing a yacht into charter has been rewarding financially, and in terms of lifestyle, and cruising experience. This guide will help you decide if the BYC Partnership Program could be the best one to help you achieve your objectives
Financial Models for Charter Yachts
We have developed a model that can provide a detailed analysis of the financial performance of specific yachts under the BYC Partnership Program. The financial models provide a detailed, 6-page financial analysis, including 5 year projections of charter rates, revenue, expenses, net income to charter yacht owner, and Return on Investment, accompanied by a detailed explanation of the operational assumptions underlying the projections. To our knowledge, this is the most comprehensive and transparent financial analysis ever offered by a charter management company.
Summary of Financial Models
For each fleet, the charts below summarize the following datapoints that are derived from our detailed financial models:
- Estimated yacht value in 2022 ($ 000s): this is the expected fair market value of the yacht as it comes into the Barefoot fleet
- Total annual charter revenue ($ 000s): This is the estimated total charter revenue earned annually over a 5 year period
- Owner net profit after Year 5 sale, Target Utilization Scenario ($ 000s): This is the total profit the owner realizes based on annual net revenues plus the sale of the yacht in year 5. This is calculated based on 30 weeks utilization for Neptune fleet yachts, and 25 weeks utilization for Navigator fleet yachts
- Owner % of Total Revenue, Target Utilization Scenario (percent): This is the percentage of total charter revenue that goes back to the owner annually, after allowing for all costs. (To our knowledge, the owner share of total charter revenue is higher with the BYC Partnership Program than any competing charter company).
- 5 year Average Annual ROI, Target Utilization Scenario (percent): this is the annual annual return on the owner’s initial investment
Viewing detailed sample generic models
At the bottom of this page, you can register to access detailed sample models for each fleet and yacht type.
Obtaining a customized model for a specific yacht
If you are considering purchasing a specific yacht for placement into charter, we would be pleased to prepare a customized model based on the yacht characteristics, price, and relevant charter rates. Please email our managing director Phil Barnard to request a customized model.
Neptune Fleet Financial Summary (yachts less than five years old)
Neptune Multihulls
Nepture Monohulls
Navigator Fleet Financial Summary (yachts greater than five years old)
Navigator Multihulls
Navigator Monohulls, Charter plus Sailing School Use
Enhanced returns are available for 4 cabin Navigator multihulls that are available both for regular charters and sailing schools. This substantially increases the overall utilization of the yacht, resulting in higher financial returns to the owner.
Navigator Monohulls
Navigator Monohulls, Charter plus Sailing School Use
Enhanced returns are available for 4 cabin Navigator monohulls that are available both for regular charters and sailing schools. This substantially increases the overall utilization of the yacht, resulting in higher financial returns to the owner.
In order to gain access to the BYC Financial Projections for selected Yachts kindly register using the short form below. Once registered you will be taken directly to the Projections.
