Originally Posted by Shaz
I'm looking into operating a RIB rental (it's the only way I can think of to afford the new one that I want!) - haven't had much interest so far but please let me know if there is a market for it in the UK
Shaz, there is a market, but it's a limited one. And will depend where you want to use it. You will have the expense of coding (either local authority - and restricted area of operation, or MCGA) , and higher insurance. I expect bareboat is hardest to get cover for unless you have huge excesses. Then of course your maintenance costs will be much higher, and potentially urgent so you can get the boat back afloat for the next customer. Our summer is much shorter than greece's and so the likely no of rentals is less. And the days customers want your boat are the days you will want to use it.
If you like the idea of pay to use, then Bembridge outboards is the best price I've seen, but solent rib charter have an interesting approach for bigger fancier boats with a wider range and their 10 day card approach.
Other options to consider for reducing cost - shared ownership? Or a SIB?