Yacht Rentals Business

Yacht Rentals Business Success Stories [2024]

Pat Walls

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Updated: October 7th, 2024

Owning a yacht for a rental can be a profitable business venture. Chartering yachts presents a unique opportunity that can lead to profitable opportunities.

To start a yacht charter business, find the right market. Consider markets where the weather is good for water activities and a region frequented by tourists. Then, write a comprehensive yacht hire business plan that includes all expenses and revenue opportunities for your business.

You can buy or lease a yacht. Leasing can be a short-term plan, but buying your yacht is the ultimate long-term plan for your business.

In this list, you'll find real-world yacht rentals business success stories and very profitable examples of starting a yacht rentals business that makes money.

1. Luxury Yacht Rental Dubai - Yacht Charter - Elite Rentals Dubai ($144M/year)

Kristan de Graaf leveraged his passion for luxury cars, tourism, and the sea to launch Elite Rentals Dubai with inherited money. By analyzing market gaps and investing $50 million, Kristan and his co-founder Julian now generate $12M per month from their fleet of over 50 yachts.

How much money it makes: $144M/year
How much did it cost to start: $1M
How many people on the team: 118

My Elite Rentals Business in Dubai Makes $12 Million/Mo

A luxury yacht rental business in Dubai generates $12M monthly by offering exclusive experiences with over 50 private yachts, charging between $2,000-$4,000 for 4-hour charters, and upselling additional amenities like supercars and bespoke services to VIP clients.

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