Charter Boat Rental Financial Model (10 Year Financial Forecast)

Revenue & Direct Costs Assumptions

Starts with basic model questions on the Start date of the model, Number of Nights Available For Rent Per month, Corporate tax rate, and Platform Service Fee %.

Revenue assumptions are the anticipated factors that drive a company’s income generation over a specific period. These assumptions form the basis for financial projections and are crucial for planning and decision-making. In our model, we have included detailed inputs for 5 Charter Boat Rentals, with each Boat rental inputs on the Nightly Rate Charged $, # of Nights Booked in a month, Occupancy %, and Booking Service Fee. We have also included additional Revenue streams of Product Accessories Revenue and Food & Beverages Revenue.

Direct Costs assumptions are the costs directly attributable to a company’s Revenue. We have included inputs on the likely Charter Boat Rental direct costs of Boat Lease Payments as a % of Revenue (assuming a business does not own the Boats outright), Fuel Costs as a % of Revenue, and Skipper / Crew Costs as a % of Revenue.

Operating Expenses Assumptions

Operating expense assumptions are typically based on historical data, industry benchmarks, market trends, and management’s judgment. They are crucial for estimating the business’s total cost and determining profitability. Like revenue assumptions, it’s essential to regularly review and adjust operating expense assumptions to reflect changes in the business environment and ensure the accuracy of financial forecasts. Our model includes detailed inputs on Staff Costs (Owner, Other) and typical Charter boat-related Operational Expenditure items, including Maintenance & Repairs, Docking & Mooring Fees, Insurance, Cleaning, and Other Miscellaneous Costs. However, you can add any other expenses relevant to your business in this sheet. 

Capex Assumptions

Capital expenditure (Capex) assumptions refer to the anticipated investments a company plans to make in long-term assets, such as property, equipment, and technology, over a specific period. These assumptions are crucial for financial planning, budgeting, and forecasting, impacting the company’s cash flow, profitability, and growth prospects. We have included a Detailed list of likely Initial Costs by a user, including Initial Lease Deposit to Lease out the Boats, Leasehold Improvements, Safety and Compliance Equipment, Storage Facilities, and other capex-related costs, as well as a corresponding Fixed Asset Register. We have also made an assumption about capital structure (i.e., whether property purchases were funded entirely through equity or debt). Please note that this model assumes that Charter Boats are not owned outright but leased; however, if your business has purchased a Charter Boat outright, you would include the Purchase Price in this capex section, and you would zero out the Boat Lease Payments as a % of Revenue in the Direct Cost section.

Monthly Projections (10-year period)

We have broken down projections Month-by-month when projecting income statements, balance sheets, and cash flow statements. The monthly forecasts are provided over a 10-year time frame. This is particularly useful for businesses looking at month-on-month trends and insights in the industry, which leads to better decision-making and budgeting should there be a need to raise more capital, pursue growth opportunities from excess capital, or pay down interest-bearing debt. Monthly projections also help a business ascertain seasonal performance when looking at growth projections on a month-over-previous-year’s-month basis.  

Annual Projections (10-year period)

The model has annualized financial projections of income statements, balance sheets, and cash flow statements over 10 years. Annual projections provide an excellent overview of expected revenues, expenses, profits, cash flow, and other key financial metrics for the upcoming year. Yearly predictions are essential for any company’s strategic planning, budgeting, fundraising, and performance evaluation at any stage of its business cycle. 

Charter Boat Rental Metrics & Ratios

Charter Boat Rental specific metrics (Rental Revenue (post Booking service fees), Occupancy Rate Per Boat, # Of Nights Booked, Nightly Rate Charged), Profitability Ratios, Liquidity Ratios, and Asset Turnover Ratios provided. 

Summary of Financial Statements (10-year period)

Summarized Financial Statements over a 10-year time frame help for better snapshots of financial performance. Income Statement, Balance Sheet, and Cash Flow Statement are all provided. 

Charts

Charts available, including Profitability Analysis and Use of Funds Chart.

Depreciation Schedule

The detailed depreciation schedule shows additions/disposals to the business’ fixed asset register. Sections included Safety and Compliance Equipment, Storage Facilities, and Others. 

Debt Schedule

Debt schedule provided with interest rate assumptions and payback period assumptions included. 

Equity Schedule

Equity schedule provided with assumptions on all investments into the business by investors or owners.