Step 1: Charter Reservations Estimate

Upon deciding that you want a charter catamaran in service in Tortola, we will provide you a proven & tested projection based on the model you have chosen for charter. Some models generate higher income than others. Some Owner layouts will outsell charter layouts or reverse. Depending on current availability of the model in Tortola, the amount of models already available determines your charter price.

Upon receiving the charter projection we will estimate your charter price and amount of weeks you could earn. An example of how it shows is below: The example below is taken from a Lagoon 450 3 Cabin owner's layout.

Step 2: Charter Fees

The British Virgin Islands is so popular that many first timers who charter become repeat charterers. We have a very loyal customer base. Our guests come back year after year as our charter guests feel comfortable with our customer service, product and charter service. As a reward to our guests, a common repeat charter discount is traditional of 10%.

Our management fee is 23%. Therefore this amount is deducted from the Gross Annual Income.

We promote Owners to advertise their charter catamaran to friends and family to ensure you can earn referral fees which provide extra income to your Net income.
It is also estimated that industry charter brokers will book your Catamaran and it is estimated that up to 3% of your charter bookings will be generated by and outside charter agent. It is customary to offer repeat charter agents a 15% booking commission.

See example below:

Step 3: Fixed Charter Expenses

Every month the owner will be billed for dockage, water and electricity. This is a fixed cost as we have reserved a permanent slip for you located at Hodges Creek Marina.
The dockage for Lagoon models is $19 per foot per month. For the new Gemini Legacy catamaran dockage has been negotiated at $12 per foot due to her beam of 14ft - similar to a 40ft monohull

The below example is for Lagoon 450 3 Cabin owners layout.

Step 4: Charter Related Expenses

Every charter that is operated out of the base will have charter related expenses.
The fees are as follows:

• Turnarounds
  
  The base in Tortola has hired expert staff to ensure top quality of your catamaran and to ensure repeats return we ensure your catamaran is in tip top shape.
  Turnarounds include boat briefings/chart briefings, cleaning staff, oil & engine checks, and admin staff



• Laundry
  
  The charter includes a set of linen for each cabin. We ensure all linen is spotless. We therefore have to charge a laundry fee.



• Water Fill Up
  
  Each charter catamaran is filled up with water prior to its departure.



• Dinghy Cleaning, prepping & service fee
  
  To ensure maximum life of the dinghy and to avoid any chase calls on charter we must ensure the outboard engine and general shape of dinghy is maintained.



• Propane
  
  Every catamaran must be equipped with a propane oven. On each charter, the propane tank is refilled for charter guests



• Underwater Hull Inspection
  
  Sometimes damages do happen but to avoid the owner having to pay out of pocket and to ensure the collision damage waiver is processed correctly every charter that returns the hull will be inspected. We feel that we want to discover the problem sooner than later and to ensure the guest takes some responsibility. This is another example of our superior maintenance program.



• First aid kit, tools and charts
  
  It is required by BVI law to have these items onboard.

Please view the example of fees below onboard a Lagoon 450 3 Cabin owner's version

Step 5: Annual Expenses

Every year during the month of September, our Tortola base does not except charter departures. We do close the base for a month for summer maintenance. We haul out every catamaran and ensure we do the bottom paint and antifouling and ensure your catamaran is spotless.

We have also estimated what your parts & maintenance fees will actually be per year as well as insurance.
Upon joining our catamaran bareboat fleet you will join our fleet insurance which is estimated at 2% - 2.5% of the hull value.
We will also license your catamaran according to BVI laws.

Please view an example of these fees below

Step 6: What is your NET revenue after all the management commissions, fixed expenses, charter related expenses and annual fees are deducted from the potential charter revenue?

In the Caribbean when on a revenue risk sharing program the rule of thumb is always to strive for 10% return on your investment. We of course strive higher than this. It really depends on the choice of layout, model, year that you choose for charter.

Upon deducting all costs from charter revenue, the example below shows what NET return a Lagoon 450 owner's layout will achieve in charter:

Request Bareboat Charter Projections