Have you thought about starting a yacht charter business in Indonesia? To the general public, it sounds less familiar. In the rental industry, vehicles like motorcycles, cars, buses, trucks, and others are frequently used. But nothing stops you from starting a business charter luxury yacht in Indonesia.
Considering that Indonesia is a maritime country, this category of yacht rental business has great potential. To begin this business, you must first understand the benefits and disadvantages. So you can see how many opportunities you have if you decide to start your own business.
These Advantages And Disadvantages Of Yacht Charter In Indonesia For Your Business Opportunities
Advantages of Owning a Yacht Charter
- Running a business here is simple.
Running a rental or rental business is simple. Because you only need to purchase the equipment that will be rented. It’s a ship in this case. You only need to purchase a boat and then rent it out. You don’t need to be capable or educated to run this business.
- Doesn’t Require Many Employees
This business doesn’t require any employees. All you need is someone who can skipper the yacht. However, it will be even easier if the soul of the yacht’s tenant is already skilled at directing it.
- High Rent Costs
Yacht charters are luxury vehicle rentals instead of other transportation rental services. Because all aspects of the ship are made of high-quality materials; as a result, the rental price is very high.
Disadvantages of Owning a Yacht Charter
- Large Immediate Capital is needed.
You will need a lot of money to get started with this business. The cost of shipping is costly. Meanwhile, more than one ship is required to build this business. Typically, yacht rentals are reserved for the very wealthy.
- Damage and loss are possible.
If you decide to start a rental business, you should be prepared for the possibility of damage and loss. We have yet to learn what happened while the charterer was on board. This risk, however, can be mitigated by a statement that the lessee will reimburse for any damage or loss. And, of course, it must be covered by insurance so that the worst-case scenario is avoided.
- High maintenance costs
You must be careful in maintaining your yacht. This is to ensure that the ship can continue to operate normally. Ships, like motorcycles and automobiles, require special care. As a result, you must thoroughly inspect every part of the yacht.