If you own a yacht or multiple yachts, you can start a charter boat business to make a fairly decent amount of money. But there are a few requirements that you and your yachts must meet before your business can start sailing smoothly. Experts from Catamaran charter services in Cabo can guide you on how to start up and operate your own yacht charter business.
Identify Your Target Market
The first step to starting a yacht business, much like any other business, is identifying your target market. It’s crucial to know what kind of people you’re targeting in order to customize your yacht accordingly. If you’re targeting businessmen, then your yacht must have plenty of space and a boardroom for corporate meetings. This is vastly different from yachts used for leisure purposes like family holidays, honeymoons, bachelor parties, etc.
Get a License
The next step is to know the business before getting into it. One way to do that is an apprenticeship as a deckhand at any established yacht charter business. Not only will this give you the experience required to starting your own business, but it’ll also help you achieve the hours required on sea to qualify for a commercial captain license. Boating or sailing lessons are an absolute necessity, even if you don’t plan on piloting the yacht yourself.
Hire a Qualified Crew
The final step is to hire a competent and qualified crew for your business. This usually includes an experienced captain or a maritime pilot if you’re not doing the job yourself, deckhands, stewards and stewardesses, and preferably a chef as well. Make sure they’re all qualified and have had former experience working on deck so that your customers can have a smooth and enjoyable experience.
Some important things to note are making sure your vessel is insured and that your captain is officially licensed and aware of the boating laws in the location your business operates in.
If you want a second opinion on starting your own lagoon Catamaran rental in Cabo or need some experience working on deck, we can be of assistance. At Cabo Yacht World, you can get a private catamaran charter in Cabo, San Lucas. We also offer boat rentals in Cabo, private sailing, and a variety of exciting activities like snorkeling and scuba diving to do on your nautical adventure.
You can also charter sports fishing boats and even purchase your own yacht from us if you’re interested. Contact us at 624 168 9544 for more details.