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Houseboat Rental Business Plan

3 March 2023 Businnes Plan


Houseboat Rental Business Plan


Houses on The Lake will establish a viable business model to rent vacation houses on Lake Shasta. Rather than purchasing houseboats, the business will offer rentals to families and young couples of small (up to 6 persons) houseboats on loan from existing owners. The company will provide other services for vacationers to rival luxury vacation houseboat companies, including moorage and revenue share for existing owners. The company will need loans in order to go public.

The business will become profitable in its second year and quite profitable in its third, as the owner and founder, Robert Hopkins, expands the offering from three to eight houseboats. Rental rates for houseboats will be low, starting at $600 for 3 days in the off season.

Objectives

Houses On The Lake will launch its business with three vacation houseboats. Houses On The Lake’s first three year plan has these goals:

  • Marina land and other marina facilities available for rent
  • You can create a pool with eight houseboats that current owners are interested in renting out
  • Steadily increasing revenues every year
  • Retention rate of 50% for customers in the first year.

Mission

Houses On Lake will offer affordable vacation houseboat rental options for couples and families looking to enjoy Lake Shasta. It will provide a range activities to fit both individuals or groups to give families and couples the ideal balance of excitement, relaxation, and fun.

Keys to Success

The following are key factors to your success in the business of vacation houseboats:

  1. It is essential to keep the boats in good condition so that they can continue to provide luxury accommodations.
  2. Many activities and services available to suggest and promote family involvement
  3. Seasonal pricing to encourage year-round utilization of the boats


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