Superyacht Annual Operating Expenses (1)

In this article we will explain how to manage the annual operating costs of the superyacht.

The owner of a superyacht is usually an important businessman or manager of his own wealth. He is used to professionally managing his own business, with annual budgets, expense control, management reports, etc.
Some of the questions he faces are
Is there anyone in my company who can help me manage my superyacht?
Can I leave all the management in the hands of the captain?
Do I have to find a company to manage my superyacht or can I do it myself?

The first topic we will deal with in these articles is the Annual Operating Expenses of a Superyacht.

The first thing we do when a client hires our services is to try to understand what he expects to get from his superyacht. Aspects such as: how many weeks a year they want to sail, in which areas, how many guests they expect to have, what level of services they want to have, etc.

Once this information has been analyzed, we carry out a due diligence of the superyacht. We analyze the following aspects:
Technical state of the ship.
Legal situation.
Safety rules that apply.
Crew.

When we have all the information we prepare the annual operating expenses with three different scenarios depending on the level of expenditure that the owner wants to make.

In the following article we will explain the sections of the annual budget.