A penny for your thoughts - SailNet Community

   Search Sailnet:

 forums  store  


Quick Menu
Forums           
Articles          
Galleries        
Boat Reviews  
Classifieds     
Search SailNet 
Boat Search (new)

Shop the
SailNet Store
Anchor Locker
Boatbuilding & Repair
Charts
Clothing
Electrical
Electronics
Engine
Hatches and Portlights
Interior And Galley
Maintenance
Marine Electronics
Navigation
Other Items
Plumbing and Pumps
Rigging
Safety
Sailing Hardware
Trailer & Watersports
Clearance Items

Advertise Here






Go Back   SailNet Community > Welcome to Sailnet > Introduce Yourself
 Not a Member? 

Introduce Yourself Welcome to the Sailnet.com - The world's largest online sailing community! Tell us about yourself so we can get to know you.


Like Tree1Likes
Reply
 
LinkBack Thread Tools
  #1  
Old 12-16-2012
Junior Member
 
Join Date: Dec 2012
Location: Vancouver Island
Posts: 9
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
funding-the-fun is on a distinguished road
A penny for your thoughts

Hello all,

I'm a long time listener, first time caller. I have a plan for world domination...oops, I mean navigation...and I would like to know what the cumulative knowledge and experience of the Sailnet community has to say about it.

First, a little bit about myself and my partner. We're young. Not jail-bait young, but mid-twenties. We've both grown up on the water racing and cruising the waters of BC's beautiful coast. I became a mate on cruise ships and worked for a few years on one of the largest cruise ships in the world (no, not the Costa Concordia) before resigning last September to pursue adventure. My partner is a talented - not to mention gorgeous - graphic designer. I love to surf, kayak, snorkel and dive. We are an outgoing, funny, awesome, sexy and don't forget modest couple with a plan. Here goes.

The budget:
~ $100,000

The boat in mind:
~ 40ft offshore capable sailboat with at least two separate cabins. In that price range it will likely be a well maintained boat from the mid-80's. Something like the Valiant 40, Baba 40, Bayfield 40 or this Spencer 41 (doubleyoudoubleyoudoubleyou.simplesite.com/asailinglife/120200127).

The idea:
Set up a no-frills crewed charter/adventure business to fund our sailing. We would live aboard and publish a rough itinerary on our website and charter the extra cabin to those with a bigger taste for adventure than for luxuries. Rates would be somewhere between $1,500 - 2,000 for the cabin. An extra $30/day per person if more than two people and we would sacrifice our cabin and sleep in the saloon. We would offer adventure, safety, good food and lots of laughs at an affordable price. We're not looking to get rich, only to fund our voyages and meet a ton of interesting, like-minded folks.

The numbers:
35 weeks with charter guests @ $1,500/wk = $52,500
Minus maintenance/running costs of 10,000 = $42,500
Minus insurance/fuel ~$3,500 = $39,000
That's $39k/year that will go towards paying down the loan, food and all other costs incurred.

Rough itinerary for the first year:
Spring and summer on the West coast from Seattle to Bella Coola. Fall and winter on the West coast of California and Mexico. As we increase our offshore experience we will start to venture farther.

My questions:
1) Am I in dreamland to think that this is a feasible plan?
2) Are my numbers realistic?
3) How many of you would be interested in coming to cruise with us, or maybe know someone who might be interested?
4) Do you have suggestions about an ideal boat for this operation that I have overlooked?
5) Is this market already cornered by someone I'm not aware of?
6) Do I have my head up my rear or in the clouds?

Glad to finally be a part of the online community. I can't wait to read your responses!

Cheers,

Michael
Reply With Quote Quick reply to this message Share with Facebook
  #2  
Old 12-16-2012
Lake Superior Sailor's Avatar
Senior Member
 
Join Date: Aug 2011
Location: Eagle River Wi.
Posts: 911
Thanks: 0
Thanked 3 Times in 3 Posts
Rep Power: 4
Lake Superior Sailor is on a distinguished road
Re: A penny for your thoughts

Wow, 35 weeks? maybe more like 12 weeks,and then you better be good at sales....Dale
__________________
Reluctant Lady
Cal 28, 1967
Lake Superior
Where God got it done!
Reply With Quote Quick reply to this message Share with Facebook
  #3  
Old 12-16-2012
FSMike's Avatar
Senior Member
 
Join Date: Jan 2010
Location: Florida
Posts: 595
Thanks: 0
Thanked 15 Times in 15 Posts
Rep Power: 5
FSMike is on a distinguished road
Re: A penny for your thoughts

To produce those kinds of numbers the weather gods and the airline schedules need to agree. The only way that's likely to happen is if you stay in the same area rather than travelling.
__________________
Sail Fast Live Slow
40' Norman Cross trimaran
Reply With Quote Quick reply to this message Share with Facebook
  #4  
Old 12-18-2012
Junior Member
 
Join Date: Dec 2012
Location: Vancouver Island
Posts: 9
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
funding-the-fun is on a distinguished road
Re: A penny for your thoughts

Thanks for the feedback guys. Follow up questions for ya...

Superior: Why only 12 charters per year? Is that what you experienced when trying to start a business?

FSMike: I agree that a single location would be easiest, but I envision a lot of my customers would be return customers and the varied locations might help facilitate that. I think by making arrival and departure ports in major cities like Seattle, Vancouver, San Francisco, etc. the flight schedule problem would be mitigated.

As for weather, I live on Vancouver Island and 6 months of rain and cold is not appealing to most folks. Hence the plan to migrate south for the winter.

Do you think these are adequate justifications? How would you do it?
Reply With Quote Quick reply to this message Share with Facebook
  #5  
Old 12-18-2012
chucklesR's Avatar
Senior Member
 
Join Date: Sep 2007
Location: Pasadena Md - Magothy side
Posts: 5,979
Thanks: 10
Thanked 31 Times in 31 Posts
Rep Power: 10
chucklesR is a jewel in the rough chucklesR is a jewel in the rough chucklesR is a jewel in the rough
Re: A penny for your thoughts

Frankly - just to highlight one area - the insurance at 3.5k a year is waaaaayyyyy low.
For a business, with charter guest - on a circumnavigation - take it way up.
Considering you have to make schedules the fuel alone will eat that up.

The other area - you can not legally charter in the US unless you are licensed - and as a consumer of charter boats - no way I'm going blue water sailing with a skipper who is still in a learning phase.
jameswilson29 likes this.
__________________
Lessons learned are opportunities earned.
Reply With Quote Quick reply to this message Share with Facebook
  #6  
Old 12-18-2012
Lake Superior Sailor's Avatar
Senior Member
 
Join Date: Aug 2011
Location: Eagle River Wi.
Posts: 911
Thanks: 0
Thanked 3 Times in 3 Posts
Rep Power: 4
Lake Superior Sailor is on a distinguished road
Re: A penny for your thoughts

Selling weeks during school on is so hard you wouldn't believe, you will find out all that sells at top dollar is vacations and summer, the rest is a uphill challenge! This makes no difference if your in Wisconsin or Florida............Dale
__________________
Reluctant Lady
Cal 28, 1967
Lake Superior
Where God got it done!
Reply With Quote Quick reply to this message Share with Facebook
  #7  
Old 12-18-2012
tdw's Avatar
tdw tdw is offline
Super Fuzzy Moderator
 
Join Date: Oct 2006
Location: Sydney Australia
Posts: 14,929
Thanks: 5
Thanked 80 Times in 74 Posts
Rep Power: 10
tdw is a jewel in the rough tdw is a jewel in the rough tdw is a jewel in the rough
Re: A penny for your thoughts

ummm .... not wishing to be Mr Negative Misery Guts guts about this but don't you think that if it were feasible, on that budget, with one of those boats, even 26 weeks of the years then we'd all be doing it ?
__________________
Andrew B

"Do you think God gets stoned? I think so... Look at the platypus." Robin Williams.
Reply With Quote Quick reply to this message Share with Facebook
  #8  
Old 12-19-2012
FSMike's Avatar
Senior Member
 
Join Date: Jan 2010
Location: Florida
Posts: 595
Thanks: 0
Thanked 15 Times in 15 Posts
Rep Power: 5
FSMike is on a distinguished road
Re: A penny for your thoughts

[QUOTE=---

FSMike: --- I think by making arrival and departure ports in major cities like Seattle, Vancouver, San Francisco, etc. the flight schedule problem would be mitigated.

---[/QUOTE]

The flight schedule isn't the problem, it's getting the weather gods to agree with it.
__________________
Sail Fast Live Slow
40' Norman Cross trimaran
Reply With Quote Quick reply to this message Share with Facebook
  #9  
Old 12-20-2012
Junior Member
 
Join Date: Dec 2012
Location: Vancouver Island
Posts: 9
Thanks: 0
Thanked 0 Times in 0 Posts
Rep Power: 0
funding-the-fun is on a distinguished road
Re: A penny for your thoughts

Wow. Tough pills to swallow, but I appreciate your honest input.

I guess I'll have to think of another way to fund my adventures!
Reply With Quote Quick reply to this message Share with Facebook
  #10  
Old 12-21-2012
geehaw's Avatar
Member
 
Join Date: Jun 2010
Location: Fairbanks, AK
Posts: 43
Thanks: 0
Thanked 1 Time in 1 Post
Rep Power: 0
geehaw is on a distinguished road
Re: A penny for your thoughts

Well I think you need to not give up so easily. First off you are already live in one of the most ,interested in, cruising areas in the world. But you have to think maybe a bit bigger. I live in Alaska and know someone that does charters. Now he has a power boat not a sailboat. But it is a nice power boat.More like staying in a 4 star+ hotel complete with laundry. He charges more like $2500 per person. He already has lots of money and does it more for pleasure then profit. But I am sure it pays a lot of boat bills. He only does like 4 or 5 charters a year. There is also a an outfit here that does hunting in a luxury boat and charges closer to the $7000 per passenger rate. But it includes guided trophy hunts. I looked into this for my father-in-law quite a few years back but was even more then he wanted to pay. My wife says it was closer to $10,000. You have to appeal to the higher end people. But this also requires a higher end boat. And of course the captain's license, insurance and boat maintenance. But to say it can't be done is flat out wrong. You just have to find the right niche to make the money.

And here is also the lower end, champagne sunset sails, whale watching day trips and kick back fishing trips. There are boats ,and owners, that do this so it is not impossible. Look for charters do a couple maybe. See what ya get. Call some ask for advice, some might be willing to give you some. SN is a good site but geared more to the cruiser and pleasure sailor then the money maker. But any business requires more work then the average cruiser is going to want to do. That is why they are cruisers! Don't mean that in any bad way. I know some worked themselves half to death so they can do just that.
Reply With Quote Quick reply to this message Share with Facebook
Reply

Tags
charter , crewed charter , discount charter , offshore , valiant

Quick Reply
Message:
Options

By choosing to post the reply above you agree to the rules you agreed to when joining Sailnet.
Click Here to view those rules.

Register Now

In order to be able to post messages on the SailNet Community forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
Please note: After entering 3 characters a list of Usernames already in use will appear and the list will disappear once a valid Username is entered.
User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

 
Posting Rules
You may post new threads
You may post replies
You may post attachments
You may edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Dive compressor aboard - worth every penny Zanshin Gear & Maintenance 25 02-21-2012 07:02 PM
Second Thoughts newoldsalt General Discussion (sailing related) 25 09-28-2008 02:31 PM
Fwd: Re: Penny, MassBaySailors, a great local Sailing resource NewsReader Mass Bay Sailors 0 07-16-2007 12:15 PM


All times are GMT -4. The time now is 12:41 PM.

Add to My Yahoo!         
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
SEO by vBSEO 3.6.1
(c) Marine.com LLC 2000-2012

The SailNet.com store is owned and operated by a company independent of the SailNet.com forum. You are now leaving the SailNet forum. Click OK to continue or Cancel to return to the SailNet forum.