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You must own a suitable boat and have a certificate that allows you to operate the charter boat. There are various types of boat charter businesses that can be started, and providing you meet the requirements, they include dive charters, sightseeing, business functions, weddings, whale watching and fishing charters.
Get a captain's license and run charters. Consider peer-to-peer rentals. Become a waterborne peddler. Run eco-tours. Become a boating writer.
Work for six months and then sail for six months. Find a work-from-'home' job. Consultancy on land. Consultancy on the sea. On-line project based work. Services aboard or near the boat. Services within the world of boating. Charter the boat out.
Boats are a good investment if you don't overshoot your budget. If you research your options and go for a vessel that you can afford, nothing trumps the joy of spending time on the water. However, a boat can definitely also be a bad investment.
According to Finagler Charters, which created a business plan for a fishing charter in Florida, a new boat can be had for a little over $41,000, but they also can cost much, much more. Other startup expenses that Finagler Charters lists include: dock age, which was budgeted at $2,400.
To start this business, you will need a boat, proper licenses and permits, business insurance, and knowledge of popular and remote fishing areas as customers expect to catch fish during their trip. Apply for a U.S. Coast Guard captain's license to legally operate a boat and charge people for fishing trips.
The price of a private charter fishing boat averages between $165 and $240 per hour, for up to 6 people. If there are more than 6 people in your group it will cost an additional 10% for each person over 6.
Your average professional fishing guide makes around $55,000 per year. It's estimated that well-run charter businesses should earn a 25% profit. Keep in mind that guides who work for companies make less than those who own their own boat the most lucrative way to make money off casting a line is to own your own charter.
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