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Q: How long will it take me to get my initial investment back?
We can assume that she has 3000 berths, which are all full every week. The berths are all the same fare, $1000 per week. She also collects another $500 per week from each passenger for excursions, onboard purchases and gambling. The Hotel crew are paid nothing, which is probably near the truth. The 200 Officers and other skilled crew get paid $1500 per month. There are no maintenance costs because she is a new ship (unlikely, I know). Obviously the food, drink and gift shop stock has a large weekly cost. The fuel is also is a major expense.
Q: What sort of annual profit can I expect, after I have recouped my initial investment?
Anyway, I am in fact your long-lost uncle and you're not getting a penny of mummy's money.
Using your figures ($4,500,000 per week coming in from fares and shipboard spending, and $100,000 per week going out in your abysmally-low wages!) you'd make your money back in Week 116.
But that's before you spend a dime on any operating costs like fuel, food, leg-irons to shackle your unpaid hotel staff at night, and horse-hair whips for flogging under-achievers.
If we assume that all the added costs mean that the ship actually makes a profit of 25 percent per pax, that cuts your weekly income to $1,125,000 and you get your investment back in Week 446. Or 8.5 years.
[ 05-05-2002: Message edited by: sread ]
quote:Originally posted by sread:..leg-irons to shackle your unpaid hotel staff at night, and horse-hair whips for flogging under-achievers.
Apparently, Carnival and others pay thier cabin stewards about £1 per week! It is us, the passengers that pay there wages, with tips!
I assume the £1 pay is so the cruise line can claim that they are legally employees - no minimum wage legislation at sea, me thinks?
I'm not sure Captains are that highly paid? I once read that the Cruise Directors often earn more than the Captains?
[ 05-05-2002: Message edited by: Malcolm @ cruisepage ]
quote:Originally posted by gohaze:Malcolm...for that amount you could buy a controlling interest in a fair size company and have several ships to play with....peter
Nope, I want my own ship "Oliver of the Seas".
Sread, the low wages are true, be it £1 or £2. They certainly have to work like dogs. If all the passengers are generous tippers, the staff can do pretty well, if not...
I think this is why some British ships include our tips within the fare. As us Brits do not really believe in tipping (or we are simply too mean) they cannot trust us to pay thier staff properly!
quote: ... some British ships include our tips within the fare.
You mean, they include the staff wages in the fare!
BoB Dickinson of Carnival was on some program the other night and he said their cabin stewards, waiters etc., were paid US$45 a month, or about UK£1 per day.
I saw a list of earnings somewhere as well. The Captain came around fourth or fifth on the list. A big name entertainer was top (but you don't see many of them nowadays), the maitre d' and the cruise director were next and I'm sure there was someone else above the captain but I can't remember who. Regards, Colin.
FYI.
RCCL, witch are a medium salary company pays about 6000 USD a month for a first officer, nothing at home.
A captain makes about the double including bonus and so on.
You also need to pay medical insurances flights etc.
You need to have to persons per position because they work three month and are home three.
If you accept Italian or greek officers it gets a little bit cheeper but not that mutch.
This salarys are forflag of convinience ships where the officers don´t have to pay any tax. If you want to have a norwegian flag it gets more excpencive.
With your figures, you would generate a total of USD $234,000,000 in revenue per year. Figuring a pre-tax operating margin of 8% with a one ship fleet, you'd be showing a profit per year of USD $17,200,000. The operating margins reflect debt service on a 15 year note.
Chances are that if your revenues are good and the ship is full, you could probably have the ship written down in 8-10 years.
quote:Originally posted by Malcolm @ cruisepage:My Granny passed away a left me an inheritance of $500 million. I have decided to spend it on a ‘Voyager of the Seas’, type cruise ship.
And all of your friends from Cruise Talk get a free cruise, right?????
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