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| LP 4300 YEAR
2004 OPERATING BUDGET |
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Gross Annual Estimated Charter Income |
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Projected Annual Income |
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Weeks of Charter |
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24 |
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Average Weekly Charter Rate 2000 |
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High Season Rate |
$8,000 |
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12 |
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$96,000 |
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Mid Season Rate |
$7,000 |
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6 |
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$42,000 |
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Mid / Low Season Rate |
$6,000 |
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3 |
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$18,000 |
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Low Season Rate |
$5,000 |
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3 |
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$15,000 |
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Average weekly Charter Fee |
$7,125 |
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24 |
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Gross Annual Estimated Charter Income |
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$171,000 |
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Total Discounts, Fees and Commissions: |
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Owner's Charter Referral Fees |
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2.5% |
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$4,275 |
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Charter Discounts |
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5% |
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($8,550) |
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Management Fee |
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23% |
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($37,108) |
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Charter Broker's Commissions |
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3% |
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($5,387) |
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Total Discounts, Fees and Commissions |
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($46,769) |
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Net Owner's Revenue |
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$124,231 |
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Fixed Monthly Expenses: |
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Monthly Dockage |
43 |
Foot |
$11.50 |
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($5,934) |
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Dock Water |
200 |
Gallons |
$0.11 |
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($264) |
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Dock Electricity |
50 |
KWH |
$0.45 |
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($270) |
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Charter Related Expenses: |
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Per Charter |
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Turnaround Fees |
1 |
Per Charter |
$650 |
$650 |
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($15,600) |
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Laundry |
6 |
Per Guest |
$8 |
$48 |
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($1,152) |
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Water Fill Up |
300 |
Gallons |
$0.11 |
$33 |
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($792) |
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Fuel Consumption |
0 |
Gallons |
$0.00 |
$0 |
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$0 |
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Dinghy Fuel |
4 |
Gallons |
$3.00 |
$12 |
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($288) |
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Dinghy Cleaning, Preping, Servicing |
1 |
Per Charter |
$75.00 |
$75 |
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($1,800) |
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Propane |
1 |
Tank |
$14.00 |
$14 |
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($336) |
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Underwater Hull Inspection after each charter |
1 |
Per Charter |
$35.00 |
$35 |
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($840) |
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Charter Equipment Rental |
1 |
Per Charter |
$275.00 |
$275 |
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($6,600) |
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Starter Kit |
1 |
Kit |
$20.00 |
$20 |
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($480) |
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Snorkel Equipment |
1 |
Kit |
$20.00 |
$20 |
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($480) |
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First Aid Kit, Tools, Charts |
1 |
Kit |
$20.00 |
$20 |
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($480) |
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$1,202 |
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Annual Expenses: |
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Parts |
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2.00% |
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($8,800) |
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Maintenance labor |
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1.40% |
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($6,160) |
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Annual Haul & Bottom Job and Hull Wax |
Per Foot |
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$70 |
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($3,010) |
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Insurance |
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1.76% |
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($7,744) |
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Licenses and Permits |
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Fixed |
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($500) |
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Marketing Fee |
Waived |
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7% |
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$0 |
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Total Operating Expenses |
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($61,530) |
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Net Revenue |
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$62,701 |
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| OWNER'S ACCOUNT |
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LP 4300 |
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Owner's Summary |
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Owner's Usage Weeks |
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6 |
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$42,750 |
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Net Revenue |
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$62,701 |
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Annual Program Value to Owner |
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$105,451 |
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Financing Details |
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Yacht Price |
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43 |
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$440,000 |
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Owner's Down Payment |
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25% |
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$110,000 |
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Mortgage |
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75% |
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$330,000 |
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$440,000 |
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Interest Rate |
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7.50% |
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Loan Term in years |
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15 |
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Monthly Payment |
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$3,059 |
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