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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 

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. More often than we would expect we get asked the usual questions: Is yacht charter profitable and/or is it a good business to get in? or Can investing in yacht charter be profitable?

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 more 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.

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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