YACHT AUCTIONS: best way to buy and sell?

, , , ,

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 

 

/by

ON AUCTION NOW: Classic Yacht pre-auction 21 meters currently in charter

, ,

Classic Yachts alway have a market in the charter industry, here is a very good example of an off-market opportunity soon to go on auction, that is currently in full charter operation and could very well be acquired by a new owner.

This DeCesari 21 meter Classic Yacht is a splendid 3 cabin + 2 separate crew cabins (one aft one bow) layout tastefully maintained in its interior to a timeless, classic design. Currently moored north of sicily and available for charter with the current owner it is a very good opportunity to acquire a vessel of certain calibre for under €200k. [Offers are welcome]

 

The vessel is a displacement hull with stabilising fins that cruises comfortable and with low fuel consumption at around 13-15 knots, perfect for charter guests who want to keep fuel costs under control. The vessel is powered by twin FIAT AIFO engines 440 hp each .

Please contact us for more information +356 79 25 90 70

GO TO LIVE AUCTION
/by

Proud of Our client’s Guinness World Record for the Biggest Wave ever surfed – #GoMaya

, , ,

On 30th of July 2018 we received an order for our Yacht Charter Business Plan + Consultation package, and we immediately scheduled a consultation with Maya Gabeira, a pretty exceptional client.

Maya told us about her Social Media following and her life in the Big Wave surfing but also about her accident that could have costed her life and from which she was luckily recovering.

We admit we do not have that many clients who happen to be ladies, yachts and ships seem to be a mostly male-oriented business. However, there are some exceptional people that break the routine of our business, and we are very glad of that. Yacht charter is welcoming more and more women in the business and with great success stories. 

The Biggest Wave Record

Biggest Wave Ever Surfed

On February 11 in the 2020 Nazare Challenge in Portugal

 

Maya Gabeira Surf VIDEO

 

Maya Gabeira Surfing 

Maya started surfing when she was 14y/old in Brazil and much like most of us, marine industry professionals, she has kept her passion alive and dedicated her life to it. 

We are very glad to be able to call her a client of ours and we are all pleased with her achievements on which we congratulate her.  Go Maya! 

Maya Gabeira Bikini

/by

BELOW DECK: The Reality Show about Yacht Charter

, , ,

The yacht charter business is growing at an unprecedented level. Some sources report over 25% more sales this very season, it’s too early to say but we believe a 20% increase will be very realistic when we crunch the numbers at the end of the season. Surely there is an after effect of the COVID pandemic, after all being at sea is the ultimate luxurious isolation practice but there is more to it in our opinion.

Unless you live in a cave or haven’t been on land for months now, you may have heard about the TV series called Below Deck available on Amazon Prime. 

The show was developed by Mark Cronin, Rebecca Taylor Henning & Doug Henning who we publicly thank for the great idea and effort.

Are we fans? Of course we are. Not to mention we appreciate that the show does highlight for most viewers that running charter operations is a serious business and to do it right it takes effort and dedication like any other business. If you put aside for a moment the glamorous aspect of yachting, crewing and gathering to guests’ needs is a serious business and the crew has a key role in it.

Below Deck is now at Season 7

Yes there are 7 seasons already, we not experts in entertainment, but it seems clear to us that it’s a a successful series.

Let’s take at the yachts involved and shed some clarity to these vessels actual value in charter fees in case you are wondering, but also what would it take to purchase one of these vessels. 

Season Yacht Real Name Length Charter Rate
1 Honor Lumiere 163.8’ From $175,000/week
2 Ohana Rhino 154’ From $140,000/week
3 Eros Mustang Sally 161’ From €175,000/week
4 Valor BG 153.9’ Not Available
5 Valor BG 153.9’ Not Available
Mediterranean 1 Ionian Princess Ionian Princess 150’ From €145,000/week
Mediterranean 2 Sirocco Sirocco 154.2′ From €180,000/week
Mediterranean 3 Talisman Maiton Talisman Maiton 177.1′ From €231,000/week

All these fees usually come with a 20-30% APA which is a deposit to cover fuel and provisions and charter guests actually get reimbursed (if anything is left) of any amount of these funds that is not spent during their holiday aboard the yacht. This fund usually also covers mooring fees in destinations that are different from the home port where the vessel actually is based and will return to at the end of the charter period.

M/Y Luimiere (Honor in Below Deck) 50m Benetti 1999 – $175k/Week + Expenses

Motor Yacht Honor (Lumiere) from Below Deck

Motor Yacht Honor (Lumiere) from Below Deck

This vessel was built by Benetti 1999 – It seems that the vessel sold right after the show aired for an amount close to $15M USD. The new owner also has taken the yacht for a full refit. The Yacht is almost 50 meters in length and as a reference cost of a similar built in Italy (where Benetti is based) a new built would be costing in the area of USD 35-45 million depending on the specifications – As a reference project B.NOW due for launch in 2022 is priced at €32M (approx 38M USD)

In the second season the M/Y Ohana is actually a vessel called M/Y RHINO

M/Y RHINO (Ohana in Below Deck) 46.9m Admiral 1998 – $140k/Week + Expenses

M/Y Ohana (Rhino) from Below Deck

M/Y Ohana (Rhino) from Below Deck – Admiral built

Italian built M/Y Rhino from the second season of Below Deck is an Admiral yacht construction.

with some beautiful decks typical of Italian-built yachts and a horseshoe outdoor bar,  after the show aired in 2014, M/Y Rhino (Ohana in the Tv series)  underwent an extensive retrofit.

She now has an updated interior with a modern to it, as well as new hardware, including a state-of-the-art stabilisation system.

If we were to give an approximate value to this vessel (used) we would place it below the €20 milion mark.

M/Y MUSTANG SALLY (EROS in Below Deck) 49.07m Trinity Yacht 2008 -€175k per week

Trinity Yachts built Mustang Sally, is motor yacht EROS

Built in U.S. by Trinity Yachts despite its very European exterior lines, this nearly 50m yacht was not available for charter recently however, it is now at a published price of €175,000k per week. Originally built in 2008 it underwent a significant refit in 2015. With this yacht we are already in the $30M plus category in terms of new built .

M/Y VALOR (Real name M/Y BG CHARADE) Season 4,5 46.9m Feadship Yacht 1990


M/Y VALOR

This Feadship built yacht is what we consider a classic. Built originally in 1990 it carries its age beautifully. It’s part of Bobby Genovese’s group which also includes a Lazzara LSX75.  This is a very smart investment because its classic lines and its very roomy interior is the type of motor-yacht that you can acquire for a relatively low price and refit in a smart way so not to spend more than one should. The result is a a very sizeable yacht that charters well and delivers a charter experience that is not second to much more expensive and recent yachts.

The Yachts of Below Deck mediterranean:

 

M/Y Ionian Princess 45.72 Christensen/Palmer Johnson 45.72m  2005 – €145,000/week

If you ask us this Christensen/Palmer and Johnson is much older than 2005 as most resources seem to suggest. Its classic lines suggest a vessel that was designed in the early 1990 or so. However, U.S. built yachts tend to have a more classic look than European ones, therefore we are not surprised. As the name suggests this vessel is has Greece and Croatia as their main cruising grounds.

M/Y Scirocco 47m  Hessen 45.72m  2006 – €180,000/week

Currently for sale with a price tag of 17M euros this 2006 Hessen Yacht is a bit of a special one being entirely built in Aluminium. We highly appreciate Hessen yachts built quality their dutch based shipyard is as experienced as the others but with a special focus on more difficult materials such as aluminium.

M/Y Talisman 54.2m  Proteksan   2006 – €231,000/week

 

Below deck yacht talisman

Built in 2006 in Turkey by the well known Proteksan shipyard, then refitted in 2012 this Yacht is offered for charter and it is indeed the most expensive of the above mentioned and also the largest. Well above the 50 meters mark this is the biggest Yacth of the lot and seems to have a very reasonable fuel efficiency with  230liters/hour despite being not too young any more.

The Yacht of Below Deck – Sailing Yacht :

S/Y Parsifal III 54.2m  Perini Navi   2005 – $195,000/week

Parsifal 3 is the classic example of the lines that made Perini Navi (its builder) a world class builder of what we call super sailers. Superyacht that are NOT motor yacht are also a current trend, and a very smart choice for charter guests thanks to a much reduced fuel cost for longer cruises with speeds that are not that much below the Motor yacht ones.  A very similar Yacth in good condition would be between € 14-18m and a more recent one like the 58 meters 2015 built Perseus 3 has an asking price above €27 millions.

What other costs are paid by the Charter Guests other than the tips ?

Yachts of this size usually require an APA between 15 and 30% (of the overall charter cost) – this is a fund that the charter guests (client) pays upfront as a fund for mooring fees, food and drinks, fuel, and other ancillary costs that the crew will pay without disturbing the guests during the holiday. Whatever amounts are left are usually returned to the guests.

How long is a charter on Below Deck ?

Charters are mostly sold by week but may sometimes be as short as 1 day or a few days.

Is a yacht charter a profitable business ?

We have a full article on on this topic please click here 

 

 

/by

NOW SOLD!! Cranchi 50 Motor Yacht – Fully Rebuilt in 2016

,

Ready for the Summer – The Mediterranee 50

This boat is ready for the summer fully serviced and professionally managed – available immediately in Sicily.

Authorised for charter in the mediterranean or perfect for a large family that wants a comfortable and fast cruiser to take them out to their favourite destinations.

This Cranchi 50 Mediterranee model was released in 2001 and totally refitted in 2016 with 3 cabins and 2 toilets.

The Cranchi 50 Mediterranee not only does have sleek sexy lines and eye catching performance, it also delivers everything you could possibly need in an extended range cruiser.

The deck features include: flaps, electric anchor, Bimini. electronic equipment: cd, cockpit speakers, gps plotter. additional equipment is: kitchen supplies, hot-water, snorkel equipment.

The interiors

The main saloon offers a seating and dining area, to port, that normally holds up to six adults.

Magia included a pair of movable hassocks, so two more guests can be seated at the table, when the need arises. there’s a fully equipped galley, to starboard, that includes a stove, a microwave oven and a refrigerator.

The size of the Mediterranee 50 allows for three generous staterooms, each of which has more than 6 feet of standing headroom.

Forward, the master suite comes with a queen-size pedestal berth. hanging lockers are thoughtfully provided on each side.

 

Specs

Dimensions

LOA: 50ft 3 in

Beam: 14ft 2in

Year Built: 2001 – Refit: 2016

Engines

Engines: 1430 HP Engines Volvo Penta

Engine/Fuel Type: Diesel

Drive Type: Direct Drive

Cruising Speed: 20 knts @ 1900 RPM

Maximum Speed: 25 knots

Tanks

Fresh Water Tanks: (927 Liters)

Fuel Tanks: (5167 Liters)

Accommodation

Number of double cabins: 2

Number of twins cabins: 1

Total number of cabins: 3

Number of bathrooms: 2

Passengers cruising: 10

On request as extras:

Tender, Kayak, SUP Paddle Board, Inflatables,

Snorkelling and Fishing Equipments

 

Get in touch with us HERE for enquires or to receive further information!

Alternatively you can get in touch with Leopoldo Rodriquez directly via +44 7445 308622

/by

How to enjoy your Italian summer holidays reducing the risk of Corona Virus!

,

So you were considering to enjoy the Amalfi coast this summer ? Or maybe the Aeolian islands or the north of the Italian coast but you are scared of the current Corona Virus emergency.

Well however you were planning to go to Italy there sure is a safer way to enjoy the country with a much lower risk of being exposed to the virus and that is: Sailing.

Indeed, what most medical authorities are trying to avoid is to have large groups of people cramped in crowded places, and guess what on the Amalfi coast in the summer any beach is pretty much like that. Unless, you are not coming from land but you are enjoying the coastline from a the comfort and privacy of a yacht.

Big or small yachting will provide the clean air and enough distance for people to be enjoying their holidays even in the most crowded months without ever needing to be going through crowded places. If you are coming from the UK you can very well drive your own car and get on a charter yacht anywhere you like well avoiding airports and train stations.

The Global Yacht charter Market is expected to grow of 5.8% [CAGR] over the forecast period of 2017-2024. We would not be surprised to see the yacht charter market numbers for this upcoming season to double up to 12% for most of the mediterranean. [If you are interested in the topic also read “Is Investing in Yacht Charter profitable?“]

But let us see a map of Italy and maybe choose destinations and onboarding location that are less affected by the COVID-19 (corona virus).

Areas that are safer are more towards the south of Italy as you can see from the map below

Italy COVID-19 map

The one below is a map published by the NY times about the risk levels.

In 2018 the the Mediterranean region represented the biggest portion of around 41 % of yacht charter requests let’s see what if this virus will really impact this figures.

 

/by

Off-market exclusive Morgan Yachts 33 (ex demo boat) unregistered 50% off RRP – CONTACT US NOW –

,

In full preparation for the high season, we received a phone call that communicated us that the only former demo Morgan Yacht 33 feet is ready for the summer for a new owner. Completely off-market for now The Morgan Yacht 33 for sale is  powered by 2 Yanmar 240hp is capable of 40 kn0ts max speed and well over 30knots in cruising speed.

Morgan yacht 33

 

We had tested this vessel extensively in the past during its research and development stage. The Morgan 33 proved a very agile boat featuring a very dry cockpit even at over 30 knots with winds exceeding 15 knots and waves to match.

It’s genuinely the perfect weekend vessel and thanks to a double cabin and a marine toilet andMorgan Yachts 33 aft
shower is suitable for overnight stays and perfect for island hopping anywhere one pleases. It is also very suitable as a superyacht tender for very large vessels that have enough storage capacity.

Morgan Yachts 33

It is a centre consolle vessel inspired by the american fast commuters but entirely built and finished in Italy. 

Morgan Yachts 33 interior

The following are the measurements of the Morgan Yacht 33 and its fuel and water capacities:

LENGTH : 9,87 m
BEAM :  2,9 m
DRAFT :  0,49 m
DISPLACEMENT :  3,5 t
FUEL :  900 lit.
WATER :  280 lit

 

 

 

 

 

Morgan Yachts 33 Layout

 

The Morgan Yacht 33 for sale is currently unregistered with only 68 hours of use on the two Yanmar engines and is currently is available for viewing and test for serious buyers only.

The Morgan Yacht 33 is also very suitable for hotels and resorts as a day-charter vessel for guests. If you would like to check the return on investment for your hotel or other day-charter business have a look at our Yacht Charter Business Plan model on this page.

Offers in the region  €140k-150k are welcome the Morgan Yacht 33 ready to sail with all the equipment and electronics available on this vessel was priced at €250k (RRP)

Please contact us using the form, Livechat or call +44 7445 30 8622

/by

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

, ,

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. 

    /by

    The Yacht Charter Business Plan – Now Available for Download –

    , , ,

    Planning to buy a yacht to start yacht/boat charter business can be very tricky. There is hardly a one-size-fits-all solution. For this reason we have created a Guide on how to choose your boat (Read this article) and if you want to crunch the numbers to charter your boat/s throughout the year we have developed a customisable Yacht Charter business plan [See Below] template on Excel (Click here to go to the product) which you can download and customise.

    You could be choosing the yacht charter business as a lifestyle business or retirement plan or you maybe  you are planning to launch a new concept with innovative features to bring a breath of fresh air to the industry in any case we are here to help and always happy to hear from entrepreneurs and yachting enthusiasts.

    Even with a fully developed excel model you can find it tricky to make it work, thus, we have decided to include in the price of the Yacht Charter Business Plan Template, a 30-minute consultation so that we can help you get started or check your plan once you have filled it in with your data. Once you purchased the Yacht Charter Business plan package that includes the consultation [See product description below] we will get in touch with you within 24hr from your purchase to make sure the consultation is on schedule at your most convenient time.

    Take a look at the reviews on our Facebook business page

    Rodriquez Consulting Facebook Page Reviews

    Every area of the world is different and every boat has its own requirements, so among the many things we can check for you is the value of the vessel you have put your eyes on, your expectation as to how many weeks of charter you can expect to sell, the maintenance costs in the area you are planning to keep and/or operate the vessel, your crew costs and many other elements that can make your operations and business successful or not.]

    Furthermore, we will point you in the right direction in terms of marketing tools, platforms that you can use to advertise your charter offering and tips on how to create a unique experience and stand out from all other boats offered in your area/s of choice. We will also be able to let you have discounted offer on marketing and advertising product that will enable you to get the word out fast.

    Don’t miss the opportunity to have our experienced team check your business plan and advise you on a 1-1 basis on the best way to proceed, choose your boat, manage the vessel, and market your charter business efficiently.  A lot of yacht charter industry leaders have already used our services and have reached great results.

    If instead you have quite a bit of experience in business planning and you feel you don’t need our support just now you can download our Yacht charter business plan Excel File-only version and get started. You can always get in touch with us later on in case you would like our help in one or more aspects of your yacht charter business.

     

    /by

    Acquire and finish Intermarine 40m (131ft) alloy Yacht 50% built​ at 60% off its value to finish with our team.

    ,

    During one of our recent shipyard visits comes one very interesting opportunity for the right investor.

    131ft (40m) ALUMINUM SUPERYACHT UNDER CONSTRUCTION

    This 40m Alloy was left before completion and we are offering for sale with a plan to finish and a preliminary budget done. The yacht is considered to be about 45-48% finished. Considering the value of the acquisition and the preliminary budget we have calculated to complete the project at the expected superyacht quality standard it is not an understatement to say a prospective client could get this finished for much less than a new built-in of this size and quality would actually cost.

    Rodriquez Yacht 40m

    Rodriquez Yacht 40m Rodriquez Yacht 40m Rodriquez Yacht 40m

    Technical Specifications

    • –  Length, overall 40mt
    • –  Length, water line 36mt
    • –  Beam, overall 9mt
    • –  Draft, amidship 3.90mt
    • –  Draft at full load (underprops) 2.60mt
    • –  Full load 260 tons
    • –  Gross Tonnage 380 tons (approx.)Tanks
    • –  Fuel oil tanks 60.000Lt (approx)
    • –  Freshwater tanks 20.000 (approx)
    • –  Waste oil tank 500lt (approx)
    • –  Black/gray waters tank 5000lt (approx)
    PLEASE REQUEST the Full 125-page technical specification via our contact form, LiveChat or by calling +44 7445 30 86 22
    On request of a client we have preliminarily budgeted completion and pre-cleared a construction slot (and space) and logistics to move the vessel:
    [Please only consider the following figures as preliminary a detailed survey and inventory has not yet been carried out and choices of the future owner might increase or decrease the overall budget for the completion of the vessel]
    a) €1.7M – Acquisition of the vessel as is, where is
    b) €80-100k Naval registry and transport to finishing shipyard
    c) €400k – Documents and current suppliers handover to finish the systems that are left unfinished (Hydraulics, Electricals, etc..)
    e) €6M – All-in vessel finishing including but not limited to registrations, labor, design, and engineering of the interiors and customization, marine testing, etc.. [A detailed  preliminary budget will be available upon request from qualified prospective buyers] 
    Total budget €8.2M
    Time Needed: 10-12 months + (1 month of buffer for eventual delays of suppliers and or transport authorizations)
    Realistic Sale Price once finished as a new vessel €13.5-15M
    An indication of Charter fee median rate: €90-€150k/week – The vessel has the potential for a cross-Atlantic fuel capacity so the charter season could be extended to over 20 weeks – Should you be interested in purchasing to charter it not just sporadically please take a look at our Yacht Charter Business Plan Template 
    /by