2 Cool Fishing Forum banner
1 - 20 of 24 Posts

·
Multiple Species Specialist
Joined
·
1,658 Posts
Discussion Starter · #1 ·
I'm in need of information and opinions on the Federal Permits. I am considering the purchase of a 35' Sportfisherman that has the required permits for charter. The negotiated price includes the whole operation, so I would like to break down the actual "market value" of the permits. Any opinions out there?
 

·
Registered
Joined
·
26,147 Posts
I know a lady that has one of the federal snapper permits - she claims it to be worth $250,000 - no idea how close she is to an "actual" value.

I would look at it as - what is the tangible property worth and how much are they adding for the licenses?

If it's a limited entry license - that will drive the price up.
 

·
Registered
Joined
·
13,283 Posts
Check with the brokers that handle this sort of thing. Boats and Habors and the commercial fishermen both have adds for permit brokers as I recall.

Reef and migratory permits for a guided operation (limited entry) together are worth somewhere between about $5,000.00 and $12,000.00 depending on the buyer and seller. Tuna and Shark are worthless - get on line for almost nothing ($25.00?).

Commercial snapper is a whole different deal, but the brokers can give you the skinny.

I am a possible buyer for a 200 lb. commercial snapper if thats one of them. Not interested in the guide permits.
 

·
Multiple Species Specialist
Joined
·
1,658 Posts
Discussion Starter · #4 ·
That must be a commercial federal permit for snapper. I have seen those permits advertised in commercial interest magazines for $150K plus!
As far as the limited entry is concerned, I found out too late. I was just getting started in the business back then, I've been forced to stay in the bay to run charters ever since. I need to go to where I cut my teeth...in the deep blue. That was the main reason to get my licenses in the first place.
 

·
Multiple Species Specialist
Joined
·
1,658 Posts
Discussion Starter · #7 ·
pacontender said:
I just paid 14k for the reef fish and pelagic. I know it is a ton of money, but it is a lot less than the added penalties and legal fees that can be enforced.
Are you thinking about running a few trips to offset the expense of that purple-bottomed beauty?
 

·
Registered
Joined
·
4,605 Posts
Its not a limited entry, its a moratorium on new permits, both for-hire (charter) and commercial. The only way to get either is to buy an existing permit from someone, like pacontender did. Commercial snapper permits (2000lb) should run you anywhere from 50-150K, while pacontender got the going market price for the recreational coastal pelagic/reef fish permits.
 

·
Multiple Species Specialist
Joined
·
1,658 Posts
Discussion Starter · #15 ·
Not that fast?

Jay told me that his sunglasses flew off, nostrils flared and his cheeks rattled from the force of all the ponies pushing that boat

Have you been shopping for insurance? Tried Anchor Marine Ins. yet? They always supply me with excellent service and good rates.
 

·
Banned
Joined
·
723 Posts
The state guides lincense is not needed if you fish in only Federal waters as per phone conversation with Lt. William Skeen TP&W region hqts last week. Fish 9 miles in from the beach and you buy it for $200. The insurance for a trip boat is tricky and even more so for charterboat insurance. A good buddy of mine had occasional charter ins on his 36 contender before he sold it he may be able to help you. His # is 281 250-0510 ask for Steve. Jack Justice at cut rate has a permit (charterboat) for sale. The mig peligic and Reef fish have been combined as one permit and the holder gets a little sticker to put on the vessel so the NMFs agents can spot them. Calm Seas....Capt. Scott www.circleh.org
 

·
Multiple Species Specialist
Joined
·
1,658 Posts
Discussion Starter · #18 ·
pacontender said:
It doesn't have a top and it only had 130 gallons in it. We only got it up to 3500 rpm. The motors only have 2 hours on them.
I know, just ribbing you a little.

I like your choice of the F225's instead of the Z300's, I would have gone the same route. In the long run I believe the four strokers will be beneficial.

Look for Jay this weekend, he should be out Sunday or Monday in your old boat. I asked if I could borrow it, but he already had dibs on using it.
 

·
Registered
Joined
·
148 Posts
The reef/pelagic permit values keep going up because there are fewer available all the time. As hard as these NMFS guys worked to get the moratorium implemented, I don't see them letting it go in 2006 or whenever it is that they are supposed to end it. I have heard talk about the moratorium being extended another ten years. As to the value of the permit attached to the boat you are buying, I would figure at least 12k, but I personally would not sell my permits for that. If they extend the moratorium ten years, these things are going to be worth a fortune, and charter prices will go up. If they end it in 2 years, the permits will be worth nothing. The govt sure is good at making and breaking markets.
 
1 - 20 of 24 Posts
Top