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Guaranteed Income Program

Guaranteed Income Program Overview

The Guaranteed Income Program is designed to be as worry free and simple as possible for the owner of a new yacht. It substantially reduces ownership costs for the first five years of new yacht ownership while providing 12 weeks per year of carefree owner usage. In addition, your yacht can also be considered a passive investment activity allowing some tax benefits to flow to the owner.

The Florida Yacht Group serves as your yacht's management company for this program to help take care of all the many logistics and hands-on details of providing your yacht ready to use to both yourself as owner and to your charter clients. For 5 years, you can count on:

  • 12 weeks per year of worry-free usage
  • FYG to pay all the basic ownership expenses (including Dockage/Insurance/Basic Maintenance/All other chartering costs)
  • FYG to pay you a guaranteed fixed monthly payment

The guaranteed monthly payment may be applied to offset loan interest and principal payments used to purchase the boat. If you choose to consider your yacht a passive investment, then you may be able to offset all tax on the monthly guaranteed payment. You also may be entitled to save on state income taxes, as well as, sales tax.

In this program, you are free to choose exactly the boat you want from our Guaranteed Income Yacht Offerings Portfolio, then keep it in the program at a FYG Charter Base (or an available partner base) for up to five years and, then, depart the program in an orderly manner and go sailing full-time OR place the yacht into another charter management program OR sell OR upgrade to a bigger boat.

 

Learn More about our Gauranteed Income Program

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Yacht Choices?

Choose a yacht here for our Guaranteed Income Program Yacht Offerings.

Charter Base Options?

Locate your yacht at one of the Florida Yacht Group CHARTER BASES in Miami, Key West, St. Petersburg, Palm Beach, and Marsh Harbor (relocation possible) OR choose an available base with one of our PARTNER FLEETS located throughout the Caribbean

Owner Usage?

Guaranteed Income Program owners can enjoy up to 12 weeks per year of use of their yacht. Please refer to our Guaranteed Income Program OWNER USAGE POLICY AND PROCEDURES.

Financing?

Florida Yacht Group will assist you to obtain the proper type of loan for the purchase of a yacht destined for charter service. Please refer to our FINANCING OPTIONS page.

Insurance?

Florida Yacht Group provides economical insurance for the coverage of a yacht in charter service.Please refer to our FLEET INSURANCE POLICY AND PROCEDURES page for details.

Yacht Purchase and Management Agreements?

To enjoy the benefits of this program, it is necessary to purchase a new yacht ready for charter service and put it into a charter fleet with a reliable management program. Please refer to our Guaranteed Income Program YACHT PURCHASE AND CHARTER MANAGEMENT page for the details of two important operative steps.

Commissioning?

Florida Yacht Group service department carefully follows well-defined procedures for commissioning and acquainting the owner with a new yacht. Please refer to NEW YACHT COMMISSIONING AND DELIVERY page.

Chartering Process?

Florida Yacht Group's Chartering operations team has procedures to screen charter customers to ensure that yachts in our care are always in competent hands. Please refer to our CHARTERING POLICY AND PROCEDURES.

Maintenance Process?

Florida Yacht Group's Service Department ensures that yachts receive meticulous attention throughout their time charter service. Please refer to our CHARTER YACHT MAINTENANCE POLICY AND PROCEDURES

Income Projections?

Considering your yacht's basic costs are paid and your yacht earns a guaranteed income, the economics of owning within this program are very attractive relative to simple ownership. To understand the details and options you have, please refer to our Guaranteed Income Program PLANNING AND PROJECTIONS page for a discussion of anticipated cash flow and example projections

Program Exit Options?

When you are ready for full time use, upgrade, or sale, you need to understand the program exit options. Please refer to our Guaranteed Income Program EXIT OPTIONS pag

Tax Information?

Even though this is a passive business activity, there are still some notable incentives that can be used to reduce your taxes. Please see our Guaranteed Income Program TAX INFORMATION page

Frequently Asked Questions

You may find answers to the most common questions about this program on our Guaranteed Income Program FREQUENTLY ASKED QUESTIONS (FAQ) page.

Ready to Explore Further? For a summary of what to do next in considering this program, please Take the Next Step
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Palm Beach
561-844-1100
Miami
800-537-0050
St. Petersburg
727-553-9551
Key West
800-537-0050
Bahamas
800-537-0050