What Makes a Yacht a Great Buy? Captain Nick Battaglia on KOJU

Yeah, and leaning on that experience, when you look at yachts from an operational perspective, what are things that you think a prospective buyer should really be paying attention to beyond, again, headline specifications?

For us, the one approach that we've taken with CodeU from the very beginning is a business-minded approach where we are truly, we think of ourselves as a business.

We operate like a business.

So from an operational standpoint, I would say take this to another level.

Certainly we have class societies and these flag societies and insurance that dictate redundancy from a machinery perspective.

But now what I would encourage an owner to do is take that approach to a second level? What, what kind of redundancy do we need in place so that we can continue to operate as a business and continue to use as an owner? There's nothing worse than having to pick up the phone and call an owner.

Hey, you know, we have a little setback here.

We're going to have to postpone your trip and say, you know, you're a business.

You don't want to cancel a charter.

There's certainly financial penalties involved there.

So, uh, When you take that to the next step, I would say, I always say what's critical equipment, right? And what's critical, and I already alluded to this, is engines and generators and stuff like that.

But now let's take that to what's critical for us to serve the clients.

That could be something as simple as a backup, you know, dumbwaiter motor or just the redundancy from a service standpoint.

So that way, when the guests are on board, if we do have a failure, that way we can continue to operate and fix the issue without interrupting their experience on board the yacht.

So take the critical equipment.

from an operational standpoint a step further and analyze it that way from a service perspective, and that'll certainly help you.

And CodeU's done this.

I mean, we, you know, even off the top of my head, backup equipment in areas where necessarily previously I haven't focused on, but also being proactive.

You know, we're calling on five years, on our five years now.

And even last year, our washer and dryers, I know we replaced our stove top.

And these were items that weren't broken.

It was just new that they were reaching near the end of their life cycle.

And we last thing we want to do is not be able to perform a charter that creates revenue for operation or an owner trip.

So let's be proactive and spend money forward instead of instead of backwards.