Boat Rentals
Man, I can't believe what they are asking for a boat rental. I should have kept my old boat and rented it out. Evidently they are more precious than a house. $350/day and up. Forget about a house boat...
Forum Discussion
What kind of boat?
A little aluminum open boat with a 9.9hp outboard...yeah, that's excessive.
Something like a ski boat...add up the numbers:
- $50,000 purchase price
- Insurance? Thru the roof to hand it over to some random yahoo.
- Damage on a regular basis as they beat it up because it's not theirs and they don't know what they are doing.
- 5yrs and it's considered too old and they have to sell if for $10,000.
- Season only lasts 4-6months and rentals are mostly on weekends.
- They have to cover the cost of a slip and winter storage (say $3,000/yr) plus maintain an office and advertisment.
So just to amoritize the $40,000 in depreciation in 5yrs will be around $750/month. $1500/month during a 6 month season...If the boat rents an average of 6 days per month in season, that's $250/rental day just to cover amortization...add all other expenses plus a reasonable profit margin and $350 is a bargain.
A little aluminum open boat with a 9.9hp outboard...yeah, that's excessive.
Something like a ski boat...add up the numbers:
- $50,000 purchase price
- Insurance? Thru the roof to hand it over to some random yahoo.
- Damage on a regular basis as they beat it up because it's not theirs and they don't know what they are doing.
- 5yrs and it's considered too old and they have to sell if for $10,000.
- Season only lasts 4-6months and rentals are mostly on weekends.
- They have to cover the cost of a slip and winter storage (say $3,000/yr) plus maintain an office and advertisment.
So just to amoritize the $40,000 in depreciation in 5yrs will be around $750/month. $1500/month during a 6 month season...If the boat rents an average of 6 days per month in season, that's $250/rental day just to cover amortization...add all other expenses plus a reasonable profit margin and $350 is a bargain.
