Mike “Hank” Hampton is originally from San Diego, California. and was referred to us by our very good sailing friends of many years, Tony and Cleo from Cape Town, South Africa.
They once owned one of the most famous and successful houseboat businesses in Langebaan, South Africa. Plus, they have sailed and chartered their own boats in East Africa and the Mediterranean.
On their recommendation, Hank contacted us to help him find the best possible charter catamaran for his budget. But, that was just the beginning for Hank. He is now on to even bigger things helping other crewed charter owners make their boat ownership dreams come true with a lot less hassle.
We helped Hank find a pre-owned 5-cabin Voyage 50 catamaran in the BVI on which he planned to run crewed charters. Before long, he packed up his life in the city and permanently moved to the BVI to charter his own boat called “Feel The Magic”.
The boat, captain, and chef have earned several prestigious awards and were featured in a USA Today article about the best romantic getaways in the Caribbean and in the All at Sea Magazine among others.
From Crewed Yacht Charter to Crewed Charter Management
Fast forward a few years and Hank now runs a fleet of crewed catamarans in his new business called Paradise Yacht Management. Hank and his business partner, Steve Schlosser, offer a great alternative for owners looking for a smaller charter management operation to manage their crewed catamarans. Paradise’s track record and testimonials are impeccable and their boat owners are extremely happy with service, bookings, and the level of management for their catamarans. This option is a great fit for owners with bigger catamarans ready to phase-out of Moorings, Sunsail, or Dream Yacht fleets.
Owner-Operated Crewed Yachts Within Charter Company
- Operate As Independent Small Business
- Yields Best Revenues With Robust Booking System
- Very Generous Revenue With 70/30 split
- Owner Is Responsible For Operating The Yacht Independently
- The Use of the Charter Company Infrastructure, Charter Bookings & Support
- Substantial Tax Advantages Available Using Section 179 & Bonus Depreciation (if applicable)
Most of our catamarans buyers who want to live the cruising lifestyle and operate their boats themselves, place these catamarans into one of several crewed charter programs. Both Paradise Yacht Management, Dream Yacht and The Moorings offer very good platforms for owner operators. The basic idea is that the boat is operated as an independent business, which enables the owner to quickly pay for the boat through the use of available tax advantages and income from charters. Other owner operators simply use the very generous income to pay off their boat quickly and opt not to use tax advantages. Either way, it provides the owners a way to buy a bigger catamaran than they otherwise would have been able to afford and live their chosen lifestyle! Our clients on a Fountaine Pajot Helia 44 is a perfect example of how this program works.
Interested in Starting a Crewed Yacht Charter Business?
If you are ready to buy a catamaran, new or used, and want to operate your own crewed catamaran, contact us to help you set up a business plan. Most of our owners of catamarans over 50ft place these catamarans into one of several crewed charter programs depending on their personal situation.
Some owners use management companies, like Paradise, to operate and manage the catamaran and others crew their own boats within the management company. There are various ways to do this. The basic idea is that the boat is operated as a business, which enables the owner to reduce the cost of ownership and pay for the boat mortgage through the use of available tax advantages and income from charters.
WE NEED MORE CREWED CATAMARANS IN THE USVI. CONTACT US IF YOU WANT TO BUY A NEW CREWED CATAMARAN OR ALREADY HAVE A BIG CATAMARAN THAT NEEDS A HOME!
Fountaine Pajot Saona 47 For Sale For Crewed Charter Management
This luxury Saona 47, 5-Cabin Version needs a new owner! It is perfect for Crewed Charter and is available immediately, and is for sale by the owner immediately. This Saona 47 is fully loaded with every convenience. For details inquire here>> or Call Us For Details
All our owners in these programs have successfully created small businesses and achieved their ultimate goals. Check out our page on owning a Luxury Crewed Charter business. Contact us for more information.
