Charter information
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Our schedule is available on the web to brokers all over the country--this insures bookings.
How much of your expenses do you want to cover?
Call 410-263-2311 and let us show you how this program can work for you.
Reducing the cost of sailing
This article talks about setting your boat up as a business--on the East Coast. Actually we offer this as one of three alternatives. (Though we have limited openings in other areas as well.) Ask!
- Have you wondered what it would be like to get into the boat business? Have you become aware that people who own their own home based businesses have become participants in the biggest profit making boom in the last 100 years? You can do what they do. Become a Bay Yacht Agency, Sales Associate. Simply purchase a new boat from us which becomes your demo. We'll show you how you can set it up as a business that makes money and offers tax advantages--whether you charter it out or not!
- Use our YPSMP (Yacht Profit Sharing Management Plan) locally, close to home. Setting your boat up as a business this way, and qualifying as a Sales Associate as well (1), you may offset 70% or more of your boats cost while you use it as much as you like. We will show you how, and you may qualify with an existing boat, or by looking into purchasing a new or used boat through us.
- Use our YPSMP--full blown. Follow the Sun-North in summer, South in winter. Leave it in the Caribbean year round. We'll show you a business plan (be sure to visit our investment page--we'll knock your socks off. This is not a Charter Company plan. This is truly a YPSMP!
For (3) Go to our investment page to find out about other choices. This newsletter is for those of you in category (1) and (2). If you're impatient--go to the examples now, or, scroll down for more details first.
If you need information right now, Call me, Eric Smith at: 410-263-2311.
"I wasn't using my boat as much as I used to, and found a way to make it pay for itself!"
Whether you own a boat now, or want to own a new or used boat--this program may be for you!
John found that by placing his 4 year old Catalina in our management fleet on the Chesapeake, that he could cover almost 70% of his expenses and still use his boat as much as he wanted.
Paul's boat was for sale. He brought it to Annapolis and placed it in our management fleet where it sold for his asking price within a month, while it was earning enough to pay it's expenses. (It sold to one of the clients who chartered it and wanted to keep it in Annapolis--in charter. This approach opens a whole new market!.)
Mary is a busy executive who found it time consuming to drive down to her boat a couple of times a month, only to be faced with numerous small chores and hours of cleaning and make ready. She liked the idea of having her boat professionally maintained and still covering 85% of it's costs--including the loan payment.
Jeff didn't want his boat chartered. However, he found himself using his boat less and less because of the time it took to get it ready every time he wanted to go out. He elected to have us simply manage his boat. Now he uses it worry free. A quick call the night before he wants to use it and it's open, iced, aired out and ready to go when he arrives in Annapolis.
Whether you're thinking of getting into a new or used boat, or already have a boat--our Chesapeake, Florida, or New England YPSMP may be right for you. (We also are looking for Sales Associates who own one of (your choice of Jeanneau or Fountaine Pajot Catamaran) the new boats we sell and act as our agent in other areas of the Chesapeake Bay, or (selected) other areas of the Country--representing us. You can help sell charters or boats. Charter your boat or not--it can simply be your demo and you can qualify for many business advantages, including tax advantages! Check out the article!
Our plan is simple...
We make you a Sales Associate and help you set up your business. We have confidential, S.A. pages already set up so we can communicate and train you via the web. You can participate as much or little as you like. Some owners help at boat shows, demo their boat for clients we send them, set up their own web page, etc. We help with everything.
The second step: You set your boat up as a charter/demo business and appoint us as your manager. We handle all of the details of managing your boat. Maintenance, make readies, advertising--everything. You can use your boat as much as you want. Focus on demos, rather than charters. Keep it local, or follow the sun to the Caribbean in the winter. We'll offer you a complete business plan based on your unique priorities.
You schedule your use whenever you like and we block out the schedule for that. When you're not using your boat or conducting demos, we will charter it--if you like. (We will have the schedule posted to the web so that you will always know what's going on--and be able to find last minute holes in the schedule without disrupting your income stream.). See the sample to the left.
Relax--Let us do the work.
To get more detailed information on various topics...
(Use your BACK button to return to this section if you visit these links. Or, go right to the examples of our Local Sales Associate/YPSMP program by clicking here.) Again, to see the full blown program--go to our Investment page--The full YPSMP
- List your boat. If you have a boat now and want to just place it in management, or charter it while it's for sale. Use this handy form to provide us information so that we can list your boat for sale, list it for charter and/or provide you with a free appraisal and the payoff for the loan.
- Considering getting a boat in this plan? Visit our new, or used boat pages for a sampling. keep in mind, that we have information on 7,000 used boats. If you're thinking of a used boat, you should consider appointing us as your Buyer's Broker. Find out why here! The program's free, the information is priceless. As a bonus, we'll get you the 22 secrets that knowledgeable buyers use to get the best deal.
- The full YPSMP (Yacht Profit Sharing Management Plan)--if your goal is to maximize income. To own outright in 1/3 the time for 1/3 the cost. Then you might want to consider all of the other alternatives--maximizing income in the Caribbean, or a Follow the Sun program. Check out your options.
- East Coast Locations: Chesapeake/New England/Florida-Bahamas-Keys (Florida locations for Cats only!) Or, go to our Charter Page to see all locations and boats.
- Review the bottom line on this program, below...
Bottom line examples...
These examples show bottom line, monthly costs after covering all expenses, including a loan payment based on 75% of the cost. These examples show your return and the costs covered simply by chartering. As a Sales Associate, you could qualify for additional income, and/or you can combine programs. Call us after you review this table to discuss your particular situation.
The examples reflect 4 different situations. In each case, the first line is the actual cost (-) or profit (+)/mo, the second is the percent savings compared to owning the same boat without the program. (By way of comparison, at the end, I have shown the monthly profit when put in our Caribbean program to maximize profits.) There are many variables, but these examples represent some typical cases. Your participation as a Sales Associate could add income to this, or be shown instead of this. Also, tax advantages are not shown here, but we will show you what happens in our custom projection that we ultimately prepare for you after we better understand your goals. So, take a look at the results when you simply offer your boat for charter at one of our E. Coast bases, close to home--while you use it unrestricted, as much as you like. (Note, in addition, the value of your personal use is not considered. keep in mind that if the alternative were to charter a boat numerous times, the moderate or heavy personal use costs shown here would probably be offset or eliminated by the money you don't have to pay to charter other's boats!
| Boat/Price | Lt.per.use | Mod. per.use | Heavy per.use | YPSMP |
| Used 37' Monohull | -$34 | -$521 | -$907 | N.A. |
| $110,000 | 98% | 62% | 35% |
| Boat/Price | Lt.per.use | Mod. per.use | Heavy per.use | YPSMP |
| New 40' Mono | -$381 | -$953 | -$1,444 | $0 |
| $200,000 | 81% | 54% | 30% | 100% |
| Boat/Price | Lt.per.use | Mod. per.use | Heavy per.use | YPSMP |
| Used 42' Cat | $1,549 | $278 | -$929 | N.A. |
| $250,000 | 164% | 111% | 62% |
| Boat/Price | Lt.per.use | Mod. per.use | Heavy per.use | YPSMP |
| New 43' Cat | $1,001 | -$364 | -$1,681 | +2,221/Mo. |
| $377,000 | 130% | 89% | 49% | 165.7% |
Our program is customized for you. After you review our YPSMP information on our investment page-- Call us, or use our Request for information form to ask for a business plan for the kind of boat that interests you (or fill out the listing sheet if you want to use your existing boat.) Ultimately, our business plan will be customized for you.
NOTE: We have had a number of clients who used this local YPSMP as a device to reduce or eliminate the costs of their current boat while it is for sale--often with a new boat on order. Some have ended up having one boat closer to home in our local program and a second in the Caribbean. Visit our Investment site, or Request more information below...Remember, nothing happens until you take the next step!
Can't wait? Call us today to discuss your requirements. 410-263-2311. Feel free to ask for me, Eric Smith, or any of our staff on duty.
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Location-Main office
Visit our main office, Annapolis site. Directions, maps, links, Sail the Chesapeake-itinerary, Best of Annapolis, America's Sailing Capital--and we're on the harbor.
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If you would like to call, we're normally open
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