It is possible for a yacht to be profitable, but this would necessitate enough guaranteed charter bookings to offset and exceed all the annual expenses. By obtaining a commercial license for your yacht (which comes with certain requirements), you can operate your yacht as a charter vessel – charter income can be an excellent way to contribute towards the annual expenses of owning a yacht. However, there is no guarantee of profit as there are many variables that might affect the number of charter bookings a yacht is able to secure.