Living the Dream
Many sailors dream of sailing their own yacht in the Caribbean, but time and money often get in the way. CYOA’s Charter Yacht Ownership Program has eliminated those obstacles for people just like you, who are now sailing their own yachts in the Virgin Islands.
If this is appealing, CYOA’s Charter Yacht Ownership Program can help you make it happen.
Experience Generates Success
CYOA has been successfully chartering yachts for almost 30 years. Our experienced staff will promote your yacht at boat shows, through consistent print advertising in a variety of sail and cruising publications, on our web site, and through international charter brokers. If your goal is to maximize the charter time and income of your yacht, our expertise can help you succeed.
Come and Sail
This is your yacht. You should feel free to sail whenever you wish, and to take your time exploring the many beautiful anchorages and the exciting sailing available throughout the U. S., British, and Spanish Virgin Islands. While you will increase charter income if your yacht is consistently booked during high season, the final decision on usage is up to you.
Let us handle the maintenance
We’ve been doing this very, very well for almost 30 years. Our experienced service staff conducts pre- and post-charter inspections of your yacht, including an underwater dive inspection, to ensure your yacht is always in excellent condition. Routine maintenance is handled on a regular schedule, with detailed reports provided to owners showing itemized costs against income on a monthly basis. If additional maintenance is required, our owners are consulted, but there is no charge to our owners for any items lost or any damage caused by charter guests.
On your terms
CYOA’s charter yacht ownership contract is simple and flexible, allowing you to commit to one year at a time for a maximum of five years. If your life circumstances change and you want to take early retirement to enjoy extended cruising, just let us know and we can plan ahead to cycle your yacht out of our fleet. If you choose to sell your yacht, we can help you to sell it for continued placement in our fleet, or refer you to affiliated yacht brokers who will list and help to sell your yacht.
As clear as the Caribbean
When we talk to future owners about purchasing a yacht for charter placement, we clearly and realistically outline what can be expected from a financial and a management perspective. It is important for each owner to be comfortable with this investment as it is not for everyone. In most cases CYOA pays 75% of the revenue to you and then invoices you for the costs of berthing and maintenance, cleaning and turnaround, client briefings and dive checks. We recommend that you ask your tax advisor whether these charges may be tax deductible for you.
Home Sweet Yacht
Some of our yacht owners had not handled a larger vessel until purchasing one of their own, so we take the time to provide a complimentary introduction to your yacht—both at the dock and on the water. If you are new to sailing, our U.S. Coast Guard licensed skippers can teach you how to sail and how to manage the systems on your own yacht so that you are confident in your ability and completely at home.
Start living the dream
You know you have questions—Can I afford this? Can I sail before I buy? What if I want special equipment? What should I ask my tax advisor? How does this really work? What about....? Pick up your pen and a piece of paper and jot them down. Then pick up the phone and call John at 800.944.2962, or you can email him. Ask him to walk you through the program. Ask him all of your questions. If he gives you the right answers, you may find yourself on that starboard tack to Jost Van Dyke aboard your own special yacht.