I have received many requests to take friends of friends out on our boat, but due to Coast Guard regulations, I can only charge for gas. Meanwhile I have all the other associated costs, maintenance, dock fees, repairs, etc. What better way to take folks out and charge an amount to where our costs of owning the boat are paid for by doing some charters?
I recently took the Coast Guard class for a six pack license, meaning I can take out 6 charter guests. I passed the exam of Rules of the Road with a 97%. I am now working on getting all the mounds of paperwork into the Coast Guard so I can receive my Captain's License. Once I have that, I will have to deal with the USVI Dept of Licensing to get my business license.
In the meantime, I received approval of my LLC, Wahoo Boat Charters!
Does this mean I am no longer going be the broker of America's Caribbean Realty? No, I still love doing Real Estate and plan on continuing to practice real estate sales and leasing on a full time basis.
As far as the charter business, I will not be going to the British Virgin Islands, why?
- Customs - going to the BVI = long wait times for both checking into the BVI and then checking back into the US. You have an 8 hour day on the boat, count on 2 hours dedicated to customs, not to mention the mounds of paperwork I have to fill out.
- Cost - They raised the fee to $15 per person.
- Fuel - at an average of $5 a gallon for gas here, your gas bill can get upwards of $200 onward to $500 depending on where you go.