 |
| LAVEZZI 40 YEAR 2004 OPERATING BUDGET |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Annual Estimated Charter Income |
|
|
|
|
|
|
|
|
|
|
Projected Annual Income |
|
|
|
|
|
|
|
|
|
|
Weeks of Charter |
|
|
|
24 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average Weekly Charter Rate 2000 |
|
|
|
|
|
|
|
|
|
|
High Season Rate |
$5,800 |
|
|
12 |
|
$69,600 |
|
|
|
|
Mid Season Rate |
$5,000 |
|
|
6 |
|
$30,000 |
|
|
|
|
Mid / Low Season Rate |
$4,400 |
|
|
3 |
|
$13,200 |
|
|
|
|
Low Season Rate |
$3,600 |
|
|
3 |
|
$10,800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average weekly Charter Fee |
$5,150 |
|
|
24 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Annual Estimated Charter Income |
|
|
|
|
|
|
$123,600 |
|
|
|
|
|
|
|
|
|
|
|
|
Total Discounts, Fees and Commissions: |
|
|
|
|
|
|
|
|
|
|
Owner's Charter Referral Fees |
|
2.5% |
|
|
|
$3,090 |
|
|
|
|
Charter Discounts |
|
5% |
|
|
|
($6,180) |
|
|
|
|
Management Fee |
|
23% |
|
|
|
($26,822) |
|
|
|
|
Charter Broker's Commissions |
|
3% |
|
|
|
($3,893) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Discounts, Fees and Commissions |
|
|
|
|
|
|
($33,805) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Owner's Revenue |
|
|
|
|
|
|
|
$89,795 |
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Monthly Expenses: |
|
|
|
|
|
|
|
|
|
|
Monthly Dockage |
40 |
Foot |
$11.50 |
|
|
($5,520) |
|
|
|
|
Dock Water |
200 |
Gallons |
$0.11 |
|
|
($264) |
|
|
|
|
Dock Electricity |
50 |
KWH |
$0.45 |
|
|
($270) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Charter Related Expenses: |
|
|
|
Per Charter |
|
|
|
|
|
|
Turnaround Fees |
1 |
Per Charter |
$500 |
$500 |
|
($12,000) |
|
|
|
|
Laundry |
8 |
Per Guest |
$8 |
$64 |
|
($1,536) |
|
|
|
|
Water Fill Up |
300 |
Gallons |
$0.11 |
$33 |
|
($792) |
|
|
|
|
Fuel Consumption |
50 |
Gallons |
$2.50 |
$125 |
|
($3,000) |
|
|
|
|
Dinghy Fuel |
4 |
Gallons |
$3.00 |
$12 |
|
($288) |
|
|
|
|
Dinghy Cleaning, Preping, Servicing |
1 |
Per Charter |
$75.00 |
$75 |
|
($1,800) |
|
|
|
|
Propane |
1 |
Tank |
$14.00 |
$14 |
|
($336) |
|
|
|
|
Underwater Hull Inspection after each charter |
1 |
Per Charter |
$35.00 |
$35 |
|
($840) |
|
|
|
|
Charter Equipment Rental |
1 |
Per Charter |
$275.00 |
$275 |
|
($6,600) |
|
|
|
|
Starter Kit |
1 |
Kit |
$20.00 |
$20 |
|
($480) |
|
|
|
|
Snorkel Equipment |
1 |
Kit |
$20.00 |
$20 |
|
($480) |
|
|
|
|
First Aid Kit, Tools, Charts |
1 |
Kit |
$20.00 |
$20 |
|
($480) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$1,193 |
|
|
|
|
|
Annual Expenses: |
|
|
|
|
|
|
|
|
|
|
Parts |
|
|
|
1.25% |
|
($4,063) |
|
|
|
|
Maintenance labor |
|
|
|
1.40% |
|
($4,550) |
|
|
|
|
Annual Haul & Bottom Job and Hull Wax |
Per Foot |
|
|
$70 |
|
($2,800) |
|
|
|
|
Insurance |
|
|
|
1.76% |
|
($5,720) |
|
|
|
|
Licenses and Permits |
|
|
|
Fixed |
|
($500) |
|
|
|
|
Marketing Fee |
Waived |
|
|
7% |
|
$0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Operating Expenses |
|
|
|
|
|
|
|
($52,319) |
|
|
|
|
|
|
|
|
|
|
|
|
Net Revenue |
|
|
|
|
|
|
|
$37,476 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| OWNER'S ACCOUNT |
|
|
|
|
|
|
|
|
|
|
|
|
|
LAVEZZI 40 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner's Summary |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner's Usage Weeks |
|
6 |
|
|
|
|
|
$30,900 |
|
|
Net Revenue |
|
|
|
|
|
|
|
$37,476 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Annual Program Value to Owner |
|
|
|
|
|
|
|
$68,376 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financing Details |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Yacht Price |
|
40 |
|
|
|
|
|
$325,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Owner's Down Payment |
|
25% |
|
|
|
$81,250 |
|
|
|
|
Mortgage |
|
75% |
|
|
|
$243,750 |
|
|
|
|
|
|
|
|
|
|
|
|
$325,000 |
|
|
Interest Rate |
|
7.50% |
|
|
|
|
|
|
|
|
Loan Term in years |
|
15 |
|
|
|
|
|
|
|
|
Monthly Payment |
|
|
|
|
|
$2,260 |
|
|
|
