Forcasted
revenue and expenses:
We will use a conservative revenue
and expense balance sheet for a boat similar to yours. Depending
on the quality of your yacht, the weekly revenue may be higher
or lower. The break even point for most yachts is quickly
attainable. In other words, a few weeks of charter will pay
for summer dockage, winter storage, insurance and minor maintenance.
If we know that your yacht is coming into our fleet in time
for our November and winter promotions, you should receive
at least 9 weeks of charter on your yacht. We continue to
enjoy an 80% repeat client base.
In
General:
In the past three years, demand
has far exceeded capacity of available boats. In particular,
the five week period from mid-July to mid-August is always
heavily booked. We have been sold out for the last three
years during this time period. We currently have 9 boats
in our fleet and we turned away business regularly because
of boat availability. This results in average bookings of
over 9 weeks per boat. Certainly, we always need another
good yacht in our fleet.
About
the area:
Manitoulin
Island is the largest island in freshwater in the world. The
Island itself forms the northern shore of Lake Huron. Hidden
above the Island to the north is the lake's ultimate and most
sought after destination: the North Channel. The channel is
dotted with hundreds, perhaps thousands of uninhabited islands
and an unspoiled, freshwater cruising paradise.
The
North Channel has been described as the "best fresh water
cruising in the world". Quite simply, it is. Due to the
attention directed to this area in various magazines and articles,
plus word of mouth, the North Channel has become an extremely
popular place to sail. Being located in Little Current, Discovery
is ideally situated to capture the sailing enthusiast because
it is in the geographical centre of sailing and cruising "hot
spots". As well, Little Current offers excellent shore-based
facilities and it caters to boaters all summer long. Because
of our proximity to world renowned anchorages and sailing areas
such as Baie Fine and the Benjamin Islands, sailors won’t waste
any extra time driving to pick up their boat. Given our unparalleled
location to access the beauty of the North Channel and Georgian
Bay, you are free from worry of not being able to leave the
dock or that you will spend hours fighting a sea. No matter
what mother nature has in store, you will enjoy a serene escape
into waters protected from the roll of a big sea. The closest
overnight anchorage is a mere 40 minutes away with Baie Fine
or the Benjamin Island group having the potential to be reached
in less than two hours from our docks. More time can be spent
cruising or relaxing and, if so desired, less time getting
there. Our location is perfect for getting here and getting
away!
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In
Closing:
Discovery needs boats! We are looking for well-maintained, clean, easy to operate
late model vessels. If you wish to go further with a management agreement
the next step is for us to assess the boat. We will make arrangements to
meet you at your boat at a time that is mutually convenient. The time has
never been better to buy your new yacht! The strong Canadian dollar has
put your dream yacht much further into reach. In addition to the revenue
generating potential, consider the other benefits of buying a yacht for
a management program (no GST or PST payable on the purchase, option to
show a depreciation loss on your tax return and ability to show financing
as an expense are just a few). Contact us for a specific revenue and expense
forecast for any boat you may be considering to buy. You might be pleasantly
surprised how easy it can be to make your yacht work for you!
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