NexGen Yatching
U.S-based low-market & profitable yatching startup raising USD 6M.
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At NexGen Yachting, we are democratizing luxury yachting with our pioneering co-ownership model. Our business model is highly compelling: the average yacht costs $4M, funded by co-owners, and we generate $3.2M in net profit over eight years per yacht ($400,000 per year). With 12 yachts currently in operation and a goal of expanding to 25 within the next twelve months, we are poised for significant growth.
By uniting a select group of owners and utilizing charter opportunities during yacht downtime, we ensure an optimized blend of personal luxury and financial efficiency. Our proprietary software further enhances operational efficiency, making yacht ownership more accessible than ever before.
In 2023, we achieved over $6M in sales, and we project $12M in 2024. Our unique global co-ownership model serves a wide range of yacht categories, and we maintain a fleet retention rate of over 85% among our charter brokers.
We are currently raising $5M in investment to expand our fleet and market reach, targeting a growing market of luxury yacht enthusiasts seeking a more attainable entry into yachting.
Key Highlights:
Achieved over $6M in sales in 2023, projected to reach $12M in 2024.
Unique global co-ownership model covering diverse yacht categories.
A robust fleet of 12 operational yachts with over 85% retention among charter brokers.
Expansion goal to reach 25 yachts within the next 12 months.
Raising $5M to support fleet expansion and capture more of the luxury yachting market.