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Bareboat Charter Yacht Management

Seabbatical was founded over 17-years ago by Captain Ron, who had the initial inspiration for a long term charter. "Years ago, I fell in love with the sea. I could literally spend my life on the sea, but I have a family, responsibilities… a life on land. I spent a long time thinking about how I could experience all the pleasure of owning a yacht without the time, work, expense and commitment yacht ownership required. What if we had a ship seaworthy and capable of carrying us off to different parts of the globe in comfort and safety? We could share this yacht with like minded individuals who seek an escape from the everyday to a world of freedom and adventure and make it affordable for everyone.

To this day the Seabattical Long Term Charter Yacht Management Program is unique to the charter boat industry in that we offer Long Term Bareboat Charters for a similar price you would get from other charter companies for 1 or 2 weeks!

A truly unique long term charter company positioned to be the low cost provider in a market niche that is growing rapidly.
Small family run business with direct communication.
No fixed bases, lower overhead.
Unlimited owner’s usage
Owner gets more of the charter revenue with Seabbatical
Minimized moorage cost as it is not needed while on a long term charter
Minimized turn over cost as there are half as many per year
More experienced sailors. Older demographic not looking for a party boat.
Often repeat customers that know the boat very well, which ends up being more like a partnership arrangement that you can profit by.
Many of our customers are considering buying a cruising yacht. We can help you sell your yacht when it is time to upgrade to a newer yacht. It’s easier to sell when it has regular customers.
A detailed record of maintenance services performed by the best possible people.
With Seabbatical you can be more involved and control your large maintenance budget to get the upgrades you want.
All insurance, moorage, parts, and service costs passed along at retail to the owner - saving you money.

The Seabbatical Bareboat Charter Management and Ownership Program Advantages Include:

A truly unique long term charter company positioned to be the low cost provider in a market niche that is growing rapidly.
Small family run business with direct communication. No fixed bases, lower overhead.
Unlimited owner’s usage Owner gets more of the charter revenue with Seabbatical
Minimized moorage cost as it is not needed while on a long term charter
Minimized turn over cost as there are half as many per year
More experienced, and seasoned sailors.
Older demographic not looking for a party boat.
Often repeat customers that know the boat very well, which ends up being more like a partnership arrangement that you can profit by.
Many of our customers are considering buying a cruising yacht.
We can help you sell your yacht when it is time to upgrade to a newer yacht. It’s easier to sell when it has regular customers.
A detailed record of maintenance services performed by the best possible people.
With Seabbatical you can be more involved and control your large maintenance budget to get the upgrades you want.
All insurance, moorage, parts, and service costs passed along at retail to the owner - saving you money.
Our Yachts are owner active yachts, fully equipped for cruising and open water sailing.

Additional Details on Joining The Seabbatical Fleet

How Does Charter Yacht Management Work:

There are a few different charter management programs in use today, from low risk, low reward to higher risk, higher reward. On the lower risk, you are the guaranteed return where you put some money down normally on a new Yacht. You get a monthly income, and that has to keep up with the depreciation. The charter company is responsible for all costs. Here it is important to have a boat that is either simple in design, or have very good charter guests so the boat is treated well. If the boat is very busy the company makes more money.

The other end of the spectrum is a revenue split, which is more common in the second tier companies that deal in older boats, where the owner pays for all the costs. We have the best revenue split in the industry with the owner getting 70% of the charter revenue and Seabbaatical gets 30%. Expenses for maintaining the Yacht comes out of the owner's share. Seabbatical covers website, advertising, brokerage, and managing all aspects of maintenance of the Yachts.
If the boats are busier, you make more money as it should be.

Unlimited Owners Usage:

Charter Pricing and Owner Income:

Expenses Paid By Owner:

All expenses are passed along at retail and are not marked up. So what are the costs of owning a Managed Charter Yacht?

Insurance is annually 3% of the value of the Yacht. Owner does not have to use our fleet policy but Seabbatical has to be co-insured.

Dockage is annually about 2% of boat value, but varies by location and Yacht. During the winter charter season when most of the boats are out we try to reduce the number of slips and pass the savings along to the owner.

Turn Around Cost is annually about 2-3% of the value of the Yacht. It is a flat fee per charter of approximately $12 per foot for Catamarans, and $10 per foot for Monohulls. It includes cleaning inside and out, a detailed check list, preparing the boat for charter, a detailed boat briefing and test sail. Because we have fewer charter turnarounds you save money.

Maintenance and Depreciation is by far the biggest annual cost of around 10% of the value of the Yacht. Maybe that is on the high side but we would rather be realistic than conservative. We lump the two together since they are almost a constant. New boats depreciate a lot but have little or no maintenance cost. This is good if you can write off the depreciation against your income. Older boats might not depreciate at all but have a higher maintenance cost. Clearly this is the most important category when thinking about putting a boat in charter, and often the least discussed. The company that can keep the boats busy and minimize the maintenance cost is the winner. Because of the nature of the long term charters I think we have a huge advantage here. The general trend in the industry is to newer and more complex and expensive boats with every imaginable toy. If you do not have it your boat does not get booked as often. Not so with Seabbatical. Most of our customers are looking for a well designed fast fun boat that is simply outfit because that will be the most reliable boat with the least problems during a long term charter. Older boats charter well, as long as they are reliable. We can keep your boat working longer than the other charter companies can. Our customers really get to know the boat, and we get a detailed list of what needs attention at the end of a charter which helps us keep the boats in great shape.

Interest Cost is almost zero if you have money in the bank, and more if you are borrowing it, so annually maybe about 5% of the value of the boat. This equation is the same if it is a new boat or a used boat, except a new boat you can be double the cost. And when it is a new boat it will be easy to maintain it so it won’t have the maintenance cost of an older boat. Call Dan if you want to learn more. 780.947.5257

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