Lorne...... you obviously have no clue what you are talking about.
Operating a fishing charter business is one the highest overhead gigs there is. I've been in the racket for 27 yrs and i'll bet you have a **** pile more money in the bank than i do. I never had to support a family and for most of my career had a winter job because my decision to be a guide was based on my love of the sport and my desire to teach people.......not to get rich, cuz i ain't. Now my winter job is gone and my line of credit is skyrocketing.
I take great exception to anyone saying otherwise.
Oh yeah, try and be booked years in advance (LOL, such a misguided statement) with all the economic uncertainty going on in this world. I regularly win the derbies around here and have a great reputation on the water around here and i have lots of openings for primetime this summer. How about you book me for late August or Septmber? I could sure you the booking to make my Bentley payments.
Hi Shawn,
That wasnt directed at you. I never said everyone gets rich. I said some do and some dont. What i did say is that no one would do it if you didnt make anything.Or at least enough to support yourself. The big shooters like OBMG and QCL and the like, sure as hell arent borke. . If you got a gig as awesome as a charter business you may be (as well as I) to make a little less because of how great the lifestyle is. Money isnt everything for everyone. Why does fishing charter business have have so much over head? Not a lodge, but a charter business. ive heard that few times now, and I am having trouble getting my head around it. I will compare it to say a tree cutting business.
I mean you obviously have a boat. But that is a capital expenditure, something you can amortize over 5 years or so.
They have a new big truck same thing, ammortized over 5 years.
You have to out fit the boat with riggers and electronics and everything, Again an expenditure to be amortized
They have to out fit the truck with a chipper, and a bin and so on.
You have to rent moorage and maybe a small office.
THey have to rent an office. And space to store the vehicle.
YOu have to have all your licenses, which is a few 1000, they have to have thiers (first aid, competnecy courses, health and safety, whims) etc.
Then the day to day cost of fixing things, and gas and buying bait. All of which are the cost of doing business, having a website. etc.
I am having trouble seeing why a charter business is different then basically any other business out there?