Archive for category: Marine Investment Opportunities

Marine Investment opportunities are investment opportunities related to the yachting or marine industry at large.

This will include:

Marina Development

Acquisition

Major or Minor Refits of Vessels for Commercial Use

Can Investing in Yacht Charter be profitable today? Yacht Charter Market Analysis

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In the last 15 years at Rodriquez Consulting we have served a variety of yacht charter companies and private owners who were keen on chartering their yachts.  We have created a Yacht Charter Business Plan download because more often than not we are asked to help them with their business plan but often times startups can’ afford to rely entirely on our team from the start so we decided to poor in some of our knowledge into a ready made starting point.  Undoubtedly the question we are asked most often is:

Is yacht charter profitable and/or is it a good business to get in? or Can investing in yacht charter be profitable in some ways?

In many industries the above questions would be rather simple to answer. However, in the yachting industry answering these questions with anything else other than “It depends..” requires us to get into a great level of details. At the very least, we need to get into the specifics of the size segment you choose, the primary geographic area and the yacht charter business model that you intend to implement.

Geography, Business Model, Size Segment of the yacht/boat/vessel

To most people Yacht Charter rates seem to be very high as an absolute per-week-value, but are they high enough when you consider the cost of the asset/s (the yacht/s) and its running costs? The latter can have a very large range as variable costs depending on how and where the vessel is managed and can make a significant difference. Ultimately, it the acquisition price (the price of the vessel) that is crucial but the variable and fix costs are the ones that can determine whether the operation (your yacht charter business) is profitable or not.  If you are looking to build a business plan to charter yachts and get in the business this article will be useful, however, you might want to contact us for more ad-hoc support. Read more

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YACHT AUCTIONS: best way to buy and sell?

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Our team has been on both buy side (pre-purchase surveyors and advisors) and sell side of numerous vessels bough and sold through auctions. Yachts and commercial vessels of various size and conditions have gone through our desk. We have been able to observe, evaluate and appreciate all the advantages and disadvantages of buying and selling through auctions. Our final conclusion, after weighting pros and cons, is that it is probably the very best way to sell or buy a vessel. Regardless, if you are a broker or professional or if you are the principal (buyer or seller). In this post we would like to give you the details and reasons why we came to such conclusion.

Why are yacht auctions great if you are a seller:

  1. TIME:

    Some data published by large yacht broker house suggest that over a certain size ( 30mt ) the average time to sell a yacht is 18 months from its first listing now this likely to be 50%-60% less at about 6 – 9 months for vessels between 13-25 meters but this is an even more price sensitive segment. The sale average time an auction is 1 – 1.5 months as published by YachtBid.com who in the last 5 years managed to sell 85% of the vessels auctioned.

  2. THE COST OF TIME FOR ON THE SELLER

    It goes without saying that yachts/vessels have running costs every month even at the dock. To simplify let’s assume 10% a year of the value of the yacht is the burning rate of the vessel X valued at 1 million euros. (without taking into account weather-induced damage that may occur when a yacht is idle and/or unattended and is not always covered by insurance) So €100k in running cost per year means that if the sale process takes 6 months the seller has an added cost of €50’000 + the risk and potential cost of weather-induced damages. This means that an offer of 950k in one month from the auction start is as valuable (if not more) than €1 million 6 months later.

  3. THE COST OF TIME FOR THE BROKER (viewings):

    Auctions have set viewing dates and a limited amount of time to schedule extra viewings or inspections by definition therefore the people that are interested in viewing a vessel (and eventually do a sea trial, inspection survey) have a limited amount of time to schedule it so they are forced to be decisive and efficient about it. Such process also proves how serious a buyer is about the vessel.  A limited viewing and inspection time frame saves hundreds of hours and thousands of euros (especially if the vessel is far from the broker/seller) in travel costs for each individual that expresses some interest in the vessel and may also be just day-dreaming that one day he/she may buy it and truly just using the Yacht viewing as an excuse to take a holiday in some lovely yachting destination where the vessel is located.

  4. PRICE AND PAYMENTS:

    The general notion is that at auction you buy at a lower price. In most cases this may as well be true, however because of; 1) the running cost and added depreciation and decay a vessel can quickly generate costing a lot to the owner and 2) the negative effect that it can have on value to see a boat listed for sale for a year or more. At auction you may just end up getting a much more fair treatment by the market. There is also the issue of payment terms.

    A lot of buyer and sellers agree on some instalments with a lump sum at the beginning. In the case of auction the buyer has to have already arranged to have the full amount. He/she will need to wire the full amount by auction end. This amount is invoiced by the auction house and received in full. The auction house acts as an escrow account. The seller at this point signs a document, whereby he/she/they take delivery of the vessel and full charge of all associated costs and liabilities. Once that is signed the auction house immediately wires the full amount to the seller, without any further hassle or delays and usually within 48hours the full amount is available in the seller bank account.

  5. RESERVE PRICE AND OFFERS TOO LOW: 

    Auctions can run in two ways either with a low base price and a hidden reserve price above which the seller implicitly accepts the offers exceeding such reserve price or with a slightly higher base price and no reserve price at all whereby the seller reserves the right to accept or refuse the highest offer. Auctions have a setup cost just like on ebay. However, on such high ticket items it is very minor. It barely even compares to the cost of showing a boat to 15 different people in the course of 6 months even if that means fuel cost only to the boat and back.

Why are yacht auctions great if you are a buyer:

Let us tell you a real story: once we were instructed as surveyors from an English buyer to do a pre-purchase survey on a 1991 Italian-built 87 feet fly bridge yacht laying in the port of Ibiza, the asking price was €400k it had some work to do but it was sea worthy nonetheless, furthermore, it had 77 days of day charter fees to showcase for at an average price of 6,000 euros/day so the numbers showed it was quite a good deal. We conducted a full pre-purchase survey we delivered the report to the client and the client instructed us as buyer representatives to complete the transaction with the selling broker offering the full asking price to be paid in one payment only. In other words, the ideal situation for a seller.

The asking price paid in full nearly no negotiations, other than the mooring, the buyer wanted to take too. We did as instructed and we were fully paid for our surveyor services + the travel costs of course. We offered the full amount to the seller and the seller almost literally disappeared for 2 months after. So to sum-up the buyer had spent money with us + taken days to come and see the boat. He sustained the cost of sea trial. However, the buyer could not complete the sale for reasons that were completely  unexpected. Later on the seller re-appeared proposing a Spanish-only vessel sale agreement. The seller wanted the full payment before signing a change of ownership commitment. Clearly that was not conceivable for an English client even if one assumes good faith.

  1. BUYER HAS SAFETY OF SMOOTH TRANSACTION:

    At auction the process is clear. Agreements are standardised to international legal standards. The process is explained clearly from the very beginning. There can be no surprises or changes of mind. Once the highest bidder offer has been officially accepted (within max 48 hour from auction closing). The buyer money is safely kept in escrow in a dedicated account until the buyer is signing the delivery. Once the seller has verified that the specification and pre-purchase inspection match the condition at delivery and inventory that constitutes part of the sale. The boat changes hands.

  2. PRICE: 

    Some auctions are done because sellers wants out fast. He/she is willing to take a little less money  than the market value, but faster. Some other auction require a fast sale because of a bankruptcy of a company. Some other maybe because of a divorce case, that imposes turning assets into liquidity. In some other cases boats require work. So the new owner must be someone who has the knowledge, time or simply willingness to carry on such works. In the majority of auction there is a price advantage as a buyer. The ability to act fast and buy quickly always brings a price advantage to the buyer. Furthermore, the YachtBid.com team for instance has careful consideration that the description of the vessel matches the most recent status of the vessel if a vessel is listed for sale for 9 months the pictures and videos you see may not match reality anymore so price becomes an issue of lengthy and tiring negotiations.

  3. VIEWINGS AND INSPECTIONS: 

    At auction the buyer can simply book one of the viewing dates. Otherwise he can schedule make an appointment to view the boat. The vessel and professional personnel is ready and available to show the vessel. In private sales, without a nearby broker fully appointed with keys to the vessel. It is often difficult to schedule a viewing. Futhermore most likely the seller doesn’t have much time to use the vessel. Therefore, he/she is quite busy and hard to reach.

The value of rarity in Yacht Auction: Yachts have History with Celebrities

When it comes to yachts oftentimes they are unique and not part of production series. Some of them have the added value of some very special owners or guests in their history. For instance on YachtBid.com very recently former Frank Sinatra and Virna Lisi’s yacht was sold (see image below)

Frank Sinatra YACHT

NORDIC STAR FORMERLY OWNED BY FRANK SINATRA AND COMMISSIONED NEW BY VIRNA LISI

If you are the owner of a vessel interested to sell through auction contact us directly Auctions@RodriquezConsulting.com or phone +44(0)7445308622

If you are an established broker or a marine professional and you would to establish a working relationship for multiple auctions where you are the presenting broker email Malta@yachtbid.com or phone  +31 (0) 20 8945579 

 

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REDUCED: Off-market Opportunity 40% off brand new Abacus 78 feet Flybridge Yacht for sale

It’s very nice to have a solid network of relationships with builders and designers that we trust and often call friends. It’s nice for us but it is also very good news for those who do business with us. We are now in the very unique position to offer huge value to buyers who are decisive and can move quickly on a great opportunity to acquire a new Abacus 78 Flybridge yacht that is for sale through our team. There are many Yachts for sale on the market but rarely you get to buy 40% off market price and still enjoy full warranties and the customisation options typical of a new yacht purchase.

This Abacus 78 is a state of the art yacht built to last and built for comfort. A vessel entirely built by Italian craftsmanship in Italy with the highest quality finishing and interior materials.

The vessel is at a stage of construction that still allows the new owner for some customisation in interior decor. Abacus Marine communicated the original RRP was in the region of €3.0 but offers are considered at 40% off the original RRP depending on the terms of purchase and options available on the finishing stage of the yacht.

The yacht is sold as NEW with all warranties of a new vessel and first ownership.  

We only publish NON-professional videos shot to testify the current (week of 30th May 2018) status of completion of the vessel which can be delivered in time for summer.

Move quickly and let us know you are interested, this vessel is priced to sell fast. 

Contact us now

If you would like to receive more information please email us directly using this link and including name, last name and contact information given the great amount of traffic and request all emails not containing basic contact information could be ignored. 

Email here

To Dowload technical sheet please use this link


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UNDER OFFER -Oyster Yacht 68HP – for a quick sale

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Every once in a while an outstanding sailing vessel rather than a motor yacht appears on our desks. There is a handful of shipyards we hold in very high esteem and Oyster Yacht is doubtlessly in that small circle.

Oyster Yacht could be the “Bentley” of sailing yachts

Oyster Yacht 68hp Layout

The Oyster 68hp Layout

It is only natural that Oyster yachts usually hold their value very well on the used market, thus, this very Oyster yacht with a brand new engine only installed in 2017 under 100 hours (not too long after one of the owners sadly passed away ) is a unique opportunity to acquire a state-of-the-art well maintained vessel for a very reasonable price. Oyster Yacht 68hp for sale

Oyster yacht 68 for sale

sistership

 

All-Weather Yachts

Oyster Yachts are all-weather yachts capable of enjoying the summer in the Mediterranean but also to comfortably cross the Atlantic for an extended season in Caribbean waters. Established in 1973 by Richard Matthews and currently based in Southampton, UK, the boat builder has always distinguished itself for sturdy all-weather blue cruisers that can are comfortable and safe to sail. To date Oyster Yachts has delivered over 750 vessels to the proud owners. Oyster Yacht is currently owned and as of  the 20th of March 2018 by entrepreneur Richard Hadida. Call +44 7445 30 8622 for more info  

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UPDATE Feb 2020: Aicon Yachts bankruptcy auction – new yachts at 50% less completed

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UPDATE: The updated list of vessels with a preliminary budget for the completion of construction of each vessel. The budgets are to be intended with new engines, new components and labour offered by our team in Italy.  

Lot Name and Hull N Base Price Budget for Completion End of Sale Winning offered  Wired by Notes
7 Aicon Open 62-15 € 48.000,00 € 570.000 Feb Preliminary Budget
8 Imbarcazione Aicon Open 62-16 € 57.400,00 € 570.000 Feb Preliminary Budget
14 Imbarcazione Aicon Open 62-33 € 33.600,00 € 570.000 Feb Preliminary Budget
15 Imbarcazione Aicon Open 62-34 € 24.000,00 € 570.000 Feb Preliminary Budget
16 Imbarcazione Aicon Open 62-35 € 22.700,00 € 570.000 Feb Preliminary Budget
17 Imbarcazione Aicon Fly 64-25 € 19.900,00 € 650.000 Feb Preliminary Budget
18 Imbarcazione Aicon Fly 64-89 € 26.700,00 € 650.000 Feb Preliminary Budget
19 Imbarcazione Aicon Open 72-33 € 48.700,00 € 850.000 Feb Preliminary Budget
20 Imbarcazione Aicon Open 72-34 € 33.300,00 € 850.000 Feb Preliminary Budget
22 Imbarcazione Aicon Fly 80-11 € 41.900,00 € 1.200.000 Feb Preliminary Budget
24 Imbarcazione Aicon Fly 85-24 € 49.600,00 € 1.300.00 Feb Preliminary Budget
25 Imbarcazione Aicon Navetta 110-11 € 26.500,00 € 4.200.000 Feb Preliminary Budget
26 Imbarcazione Excalibur 380 € 1.600,00 € 100,00 10/12/2019 17.00 04/12/2019 18.00 N/A
29 Imbarcazione Morgan 55-11 € 21.200,00 € 625.000 Feb Preliminary Budget

Once it was Aicon Yachts and it was designing and building, award winning yachts sold worldwide including a line of open/coupe fast yachts (Aicon 62 and Aicon 72) that made several appearances on the  U.S. TV series CSI. Its designed was imitated by several other yacht builders. It built for and delivered to NBA stars like Glen Rice (Aicon Yachts 64 Flybridge named G-Force) and several other celebrities.

– PLEASE READ THE UPDATE AT THE BOTTOM OF THIS ARTICLE ON THE AICON YACHT AUCTION –

To make the long story short the crisis took its toll on Aicon Yachts and not too long after its IPO on the Milan Stock Exchange the company had to file for bankruptcy.

Important NOTE: At the end of 2020 the Aicon Yacht brand was bought and will likely see a new era of yacht production therefore the brand is likely to get sustained in its market value : READ ARTICLE 

Aicon Yachts Navetta 110

Aicon Yachts Navetta 110

Aicon Yachts was a client of our firm much before the IPO, therefore we are very familiar with their production lines, production managers, designers, engineers and a great deal of the very valuable contractors and employees that made this company great during its award winning times. It was indeed quite an impressive growth from 0 to over 100 units per year in less than 10 years. Despite the unlucky epilogue of the company itself there are still hundreds of people enjoying their Aicon Yachts in all corners of the world.

For those in the industry it is an opportunity to acquire assets (boats) and for individual investors (with our support) it is a unique opportunity to acquire interesting yachts at a fraction of what they would cost even pre-owned and renewed.

We are in a unique position to offer support to individuals and companies that want to seize this opportunity to acquire one or more of these vessels in order to finish them and resell them or charter them.

If you would like to purchase a vessel to charter it take a look and download our Yacht Charter Business Plan which includes a 1-1 consultation on your specific requirements.

Our team is available to support buyers in the following steps:

  • Yacht acquisition and budgeting of the works to be done 
  • Yacht transport before and/or after completion 
  • Yacht Registration, flag, insurance, Yacht financing
  • Interior design and interior fittings project management 
  • System Engineering and installation 
  • Where applicable [0 engine hours]; Insurance Warranty for vessels that will all be registered as new units 

Models of Aicon Yachts still available at a discounted rate from the Bankruptcy Auction:

Aicon 64 (Award Winner) [Flybrigde Model]

Aicon 64

Aicon 62 Open/Coupe 

Aicon Yachts 62 open

Aicon 72 Open/Coupe 

Aicon 72

Aicon 75 [Flybridge Model] 

Aicon 75 -Aicon Yachts bankruptcy auction; new yachts at 90% less - Auction

Aicon 85 [Flybridge Model] 

Aicon Yachts bankruptcy auction; new yachts at 90% less - Auction

Aicon 110 Navetta [Never Completed – see image below] 

Aicon Yachts bankruptcy auction; new yachts at 90% less - Auction

Aicon Yachts Navetta 110

The prices of the vessels at auction go from €20,000 to €240,000 depending on the vessel and at what stage of construction that is. – The retail prices of these vessels were between €650,000-€3M+

 

UPDATE: The next round of offers will be presented as early as Oct 2019, thus contact us (+44 7445 30 86 22) if you would like our assistance with the following process to acquire one or more vessels.

Process and Requirements to make an offer:  (Pre-Acquisition)

  1. Preparation of offer document and estimate of suitable offer and related cautionary fully refundable deposit of 10% of the offer value for the court to validate the offer.
  2. Legal and technical translation of the offer document into Italian according the Italian court requirements
  3. Inspection of the vessel by our naval engineering team on our client behalf to make sure that at time of offer the Bankruptcy Court has described the object accurately to the most current status
  4. Budgeting of the works needed to get the vessel up to the required standard of the naval registry and ready for launch (as per client requirements)

Process and Requirements:  (Post-Acquisition):

  1. Coordination of the logistic to move the vessel to the chosen destination
  2. Ownership registration and flag (where applicable for finished vessels and if required by client)
  3. Work scheduling and technical supplies provision
  4. Contractual arrangement with the Shipyard recommended to carry out the necessary works
  5. If/where needed; naval engineering and architecture to customise the vessel acquired upon request by new owner.
  6. Shipyard work supervision and coordination if/where needed and requested by client.
  7. Booking and coordination of the Naval Registry (of choice) inspector visit and pre-visit compliance check.
  8. Launch of the vessel and delivery to the client chosen port or support in finding mooring space for the vessel in the client chosen area and transport of the vessel to destination (on Wheels or by Sea).

NOTE of Full Disclosure: Rodriquez Consulting does not get a commission on any of the boats acquired the service we provide is of use during the acquisition, thus it will be billed separately if you choose our company to manage the works each vessel will need after acquiring any of the vessels subject of this auction. 

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    Boat Tracker on Kickstarter – Say goodbye to wild crew joyrides –

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    In brief this might be the tech that peer 2 peer boat rental was waiting for in order to truly to take off. Imagine if you(as a boat owner) could control the usage of your vessel in real time.

    Having a boat tracker such as this BoatTrax Box on a vessel might as well become the crew worst nightmare especially for the crew member who are particularly into joy riding or to those unlucky enough to have boat owners who are not very reasonable in their demands and guidelines.

    If you have not read our article on the Airbnb of Yachting and how these will (in our opinion) improve and increase boat ownership you might want to have a skim through it (Read Article)

    We stumbled upon their kickstarter campaign and it seemed very interesting to read the following features of this boat tracker:

    • Directly connect the device to your NMEA 2000 Network.
    • Securely transmit and store the boat’s data to the cloud.
    • Automatically log you engine stats and other electronics information
    • Follow your boat’s stats in real-time
    • Go back in history and review the historical usage data of your boat.
    • Receive important alerts for potential malfunction and position of your boat.

    This Boattrax Box device could also become an incredibly useful device for insurance companies to monitor the use of such expensive toys to insure with the advantage to the user of potentially decreasing insurance premiums by means of verifying a reasonable use of the insured vessel.

    We always like to contribute to startup and new innovation in the industry so we decided to make a small contribution to their crowd funding campaign just to show our support.

    IF you want to know more about the people behind Boatrax box boat tracker here is their start up crunch base listing https://www.crunchbase.com/organization/boatrax

    Are you operate a charter boat or a fleet check out our business plan templates

    • Yacht Charter Business Plan – Ms Excel Template + Consulting Session

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    Hybrid Boats: Modular versatile layouts and impressive fuel efficiency for work and pleasure – OPPORTUNITY

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    There are quite a few hybrid boats out there that are aiming towards a more eco-friendly way to propel a vessel forward. However, pairing an electric engine with a diesel engine is old-tech building a true hybrid requires more than just an electric engine.

    What should hybrid boats really be?

    In our professional opinion, the concept of “hybrid boats” should be paired with the concept of versatility of a vessel or even a boat building platform that is adaptable to multiple types of users.  Water taxi, diving schools, touristic or scientific marine tours, research and marine life orientated navigation, sports fishing tours etc… It is not by chance that out of 13 units produced of the Ethos Ec 30 hybrid boat series, the majority are employed in one or more of the above mentioned activities.

    Hybrid Boats - Ethos EC 30

    Where is the opportunity?

    The grey vessel portrayed in the picture below is for sale at a significant discount. The vessel is equipped with e new generation 270hp Hyundai engine. Should you wish to receive more information please contact us through the contact us page making sure your full contact information are available or call +44 744 530 86 22

    Ethos Hybrid Boats

    Flexible Layout and Modular Panels

    All panels in the cockpit allow the owner and/or operator to re-purpose the vessel moving all the seating modules and storage units, on the sides (port and starboard) each of those square units can serve all utilities such as water or electricity or be used as storage.

    ETHOS EC 30 allow the owner to choose among Open, Cabin and the Lounge Cabin version. Through an innovative fixing system the side bulwarks can be installed by the ship owner in any moment and without any difficulty. Therefore the boat can be converted either from open to closed cockpit. Have you ever experienced a nine meters boat, whose main deck can be transformed by moving the furnishings (sundeck, benches, table, icebox, mobile fridge / cooker, etc.).

    We believe this vessel is truly one-of-a-kind.


     Hybrid Boats

    Some Technical Highlights

    Who are the perfect users for these hybrid boats for ?

    This vessel is particularly suitable for professional daily use within diving schools, eco-tours, water taxi between islands as it seats up to 20 people. (depending on the type of registration and cost guard regulations).  It is also useful for those owners who want to also operate the vessel for water sports or simply as a pleasure boat with a lot of efficiency with a broader market for resale. 

    Ethos Ec 30 Hybrid Boat

    The technical specifications of these hybrid boats

    Lenght over all 31’3” (9,53 m)
    Beam 9’8” (2,98 m)
    Draft 2’8” (0,87 m)
    Dry weight 8,818 lbs (4,0 ton)
    Berths 2+2
    Persons capacity 12
    Endothermic engine standard Hyundai 250 hp
    Endothermic engine optional Hyundai s270 (270 hp)
    Electric engine (Optional) 13Kw
    Solar Panel (Optional) 3×350 watt
    Max speed with 250 hp engine 25 knots
    Cruise speed 20 knots
    Max speed with electric engine 7 knots
    Cruise speed with electric engine 4 knots
    Fuel capacity 153 US gal (580 lt)
    Electric battery capacity (LiFePo4 72 cell ) 9,2 kw/h
    Freshwater capacity 31 US gal (117 lt)
    Waste capacity 15 US gal (56 lt)
    Endothermic autonomy at cruise speed 360 n/m
    Endothermic autonomy at low speed 1440 n/m
    Hybrid autonomy (with solar panel) at low speed 7200 n/m
    Electric autonomy (with solar panel) at low speed 32 n/m
    Construction Materials VTR/GRP
    Hull V-shape with 13° deadrise at transom
    Project “CE”category B

    For more information on Ethos EC 30 Hybrid boat series go to EthosBoats.com

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    AUCTION STARTED: Tallship Eldorado – Unique Yacht Charter Business opportunity

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    Tallship Eldorado Auction Started.

    This Dutch build modern classic (2017)  tallship is finally on auction with a starting bid of €250,000 this is a truly unique yacht charter business opportunity

    The ship was valued at €950k. It is a very interesting charter market investment at the right price and being a recent steel construction with moderate installed power it is an inexpensive vessel to operate.

    It is allowed 50 pax aboard fro daily excursions and features 7 cabins for guests overnight.

    The ship has its own Trip advisor account for its activities in St Marteen in the Caribbeans (click here to view) with very good reviews from its guests https://www.sailingship-eldorado.com. 

    She is very well maintained, under Dutch flag, with running certificates for 50 pax day sail and 16 long voyages. With a strong main engine, silent generators, bow thruster, air-condition, water-maker and high int. safety standards you can sail all over the world.

    At present the schooner is used for day sail excursions in St. Maarten/BVI`s/Bahamas for passengers of the most renowned cruise lines.

    The general specifications of the ship:

    Model Schooner Eldorado
    Land Netherlands
    Year 2007
    Hull material Steel
    Length (m) 38.00 m
    Width (m)6.50 m
    Draft max (m) 3.00 m

    It’s rare to see ships like this coming to the market with such attractive financial and structural condition

     

     

     

    If you would like to receive the full technical specs please use the form below or contact us at +44 7445 30 86 22

    Email requests without full contact informations WILL BE IGNORED

     

    Please use this form to register your interest

    (Please check your inbox and spam folder when completed to verify your email)

    Click here to fill the short registration form

    Do you want to start Yacht Charter operations with your boat?

    • Yacht Charter Business Plan – MS Excel Template – FILE ONLY (Updated)

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      Add to cart Show Details

    • Yacht Charter Business Plan – Ms Excel Template + Consulting Session

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    Why will the Airbnbs of yachting improve boat ownership as well?

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    We live in the sharing economy. Aside from the famous Airbnb, sharing vehicles and much more has become an everyday reality especially for those of you who live in big cities such as London, New York, Paris and Rome. We are sure you are getting accustomed to use services like Barclays’ Bikes, (now Santader), Zipcar, Car2Go, Ubequoo, to ‘rent’ bicycles or cars.

    In the UK even big players are venturing into peer-to-peer services like EasyCarClub (the logo will remind of EasyJet), BlaBlaCar and others that are based on the ownership or cars being on a private basis instead of being owned and managed by fleet operators like in the case of Zipcar.

    In the boating industry things are a little more complicated but chartering or sharing a boat has been practiced for quite some time even if with much less technology involved in the process. After more than 50.000 people read our our article on Investing in Yachts to Charter we had to dig into a number of platforms that are slowly but steadily changing the game.

    Today in the Yachting industry we have quite a few new web-based companies putting effort and resources into making the boating and yachting experienced more accessible to more people.

    There are essentially:

    1. Yacht charter aggregators
    2. Peer-to-Peer boating and yachting platforms
    3. Traditional yacht charter firms
    4. Boating and yachting companies providing curated yachting experiences
    5. Hybrid platforms that work primarily with single yacht/boat owners and small fleets
    6. Yacht managers with big branded fleet

    We have tried to create 6 macro categories, however not all companies do fall strictly in one of the above and some of them embrace traits of more than one of the above or have pivoted along the way from a business model to the other.

    We refer broadly to the Airbnbs of yachting when considering mainly those platforms that are not too selective on the of new boat listings and welcome new boats  right from the front end of their website (have a list your boat option) and focus primarily on entry prices as low as €100/day or even less.

    We have asked some of the founders to help us and comment on this article main point.

    BoatSetter.com

    BoatSetter.com Formerly Cruzin.com

    Former Cruzin.com founded in 2012, a U.S. based peer-to-peer platform now merged becoming BoatSetter.com

    It was started by Jaclyn Baumgarten and it is now based in Miami Florida.

    We have asked Jaclyn to give us her comments on  boat ownership vs easy access and she replied with a few meaningful lines:

    BOATSETTER, often receives inquiries from perspective owners asking us what types of boats they should consider purchasing because they want to offset the cost of ownership through the Boatsetter program.

    It’s a U.K. based counterpart of the aforementioned, focusing mainly on peer-to-peer and small fleet owners and it is called BorrowaBoat.com founded by Matt Ovenden. 

    BorrowABoat.com

    BorrowABoat.com

    We asked Matt to give us his comments on whether new platforms could actually bring innovation to the industry and his words were very clear to us.

    ” ..bringing the sharing economy to boating, with a wider choice of boats than in the current market, and wider choice of locations and better prices, will bring real change and benefits for the customer, and boat owner”

    Another case of peer-to-peer that started in the U.K with a very different take from the previous ones but much more similar to Airbnb is BedsOnBoard.com

     


    BedsonBoard.com

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    AUCTION Extended! REGISTER NOW – 70% off valuation – Full aluminium Infinity 50Ft

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    UPDATE: Auctions dates have been extended!

    Another great off-market opportunity to acquire a state of the art full aluminium vessel with an incredible spec sheet and really modern design. The vessel is a great example of the well-known Dutch yacht building quality we all know and love. Only two of these were ever made for very discerning super yacht owners. This vessel was designed by Vripack. We very much feel the designer name speaks for itself.

    Full survey available (End of November 2017)  valued the yacht at over €1M and the auction will start at €200k on February the 7th thru the 21st. 

    Finance can be arranged through our company of choice Lombard Marine Finance for UK customers.

    The Infinity 501 is currently in Honk Kong however delivery to the client desired destination can and will be arranged by our team if needed.

    Holterman Infinity 501 from the top

    The Infinity 501 is built by Holterman Shipyard in The Netherlands and designed by Vripack. There are absolute no compromises made regarding the areas of safety, reliability and comfort. This manifests itself in her sailing behaviour at high speed, but also in her perfect manoeuvring capacities. Equipped with 2 Glass bridge Raymarine panels, AIS, Generator, Radar, Autopilot, tender garage and even an Williams 285 Tender. Let yourself be convinced by a viewing on the yacht. 2017 full survey report available.

    Original asking price previous to auction: € 985.000 (ex VAT)
    Starting BID at € 200.000 (12.5% needs to be added to winning bid)

     

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    Technical Specifications and most recent usage figures: 
    Model: Infinity 501
    LOA (m) 14,98
    Beam (m) 4,75
    Draft (m) 1,3
    Year built 2012
    Builder Holterman Yachting
    Country The Netherlands
    Designer Vripack, The Netherlands
    Displacement (t) 24
    CE norm B
    Hull material aluminium
    Hull colour orange Metallic paint
    Hull thickness (mm) 11
    Hull shape round-bilged
    Superstructure material aluminium
    No of engines 2
    Make Yanmar Type 6S Y-720 – HP 720 – kW 529,2
    Fuel: diesel
    Maximum speed (kn) 24
    Cruising speed (kn) 18 @ 1800 RPM
    Engine hours: 550
    Engine cooling system freshwater heat exchanger
    Drive V-drive
    Engine controls electrical
    Gearbox ZF Marine 325-IV
    Bowthruster hydraulic Vetus BOW310HM, 20kWatt hydromotor, 310kgf
    Sternthruster hydraulic Hundested FT1R retractable
    N of Cabins: 2
    N of Berths:  6

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