The business is fully turn key and the startup footwork has been done. A few other notable pieces for the company
2021 Business Generated $1,046,241.00 in revenues
Established Route carrying 2K passengers per month
Established 3 Year Charter Contract with annual revenue yield of $1,000,000.00 for a total contract yield of $3,000,000.00
Established Management contract for Water Taxi (only competition in the area) with contract revenue yield of $162,000.00
Established Leases for both docking locations
Current Tax Certificate
Current Sanitation Certificate
Current Full Liquor License
Current Business Tax Receipts for Miami-Dade County, The City of Miami & The City of Miami Beach
Established Vendor Accounts for Concessions
Established Website, Ticketing and Mobile App
Established Business to Business Partnerships to drive additional sales
-Established route between Miami and Miami Beach – avg pax per month 1500-2000 - $40K Avg ticketing revenue (commuter & special events) – 10K avg concessions revenue
-Established Special Events – Skyline, Brunch, Valentine’s Day, St Patrick’s Day, Sailing with the Easter Bunny, Cinco De Mayo, 4th of July, Halloween, Sailing with Santa & New Years Eve
-Established Charter Contract – 3 years – 1mm per year contract revenues
-Finalizing a management contract with Water Taxi – Annual – 162K revenue (I anticipate this being buttoned up by 7/1)
-Established Liquor License
-Established Docking Agreements
-Lil Diamond III – 149 pax – survey value $1.25MM
-Equipment (non-vessel) $234K
-Future Growth – Fully Drafted Business Plan for Bahamas
Built: 2012, Scarano Boat Builders, Albany, NY
Service: Ferry / Water Taxi
Passengers: Total 149, plus 3 crew
Maximum 60 on upper deck Total-152
New Stability Letter: Dated 21 April 2020
USCG COI: Expires 16 May 2025
On April 1, 2021 the undersigned marine surveyor, at the request of Johnathan
Silvia, Poseidon Ferry LLC, Inc. did review the invoices and new Stability Letter for
Valuation Survey of the captioned vessel, afloat in Miami, Florida
All aluminum hulls, decks and superstructure. The hulls are transverse framed with 5"X 1/4" aluminum frames. Transverse frames and watertight bulkheads with aluminum stiffeners stitch welded to hull and bulkheads. Hull thickness is verified with coupon samples at bulkheads, 3/8” thickness aluminum material. Deck beams are 3" X 2” X 1/4 box aluminum
The hulls are pontoon V style with bus style seats in main deck bow. Main deck carpeted interior has custom laminated tables (16) w/64 chairs, upper deck is carpeted w/aluminum tables and chairs, wheelhouse forward. Two heads are provided main deck aft. Two Honda 250hp outboards are installed aft transom. Six watertight compartments makeup the pontoon hulls configuration.
The vessel has two decks. The main deck is flat and has a fully enclosed. Passenger cabin with port and starboard aft passenger boarding. There is a aluminum top deck with rolldown opening isinglass curtains port, starboard and aft for inclement weather with doors forward for crew access to wheelhouse. The decks are carpeted in good condition.
Bulwarks and Rails:
The vessel is built with high bulwarks at the bow and stern with steel rails securely fitted above. New spray rails added to hulls. The bulwark/rail combination was in good structural condition and well coated with marine enamels. Coatings: Hull and superstructure were newly painted and coatings are in good
The hulls are divided into (6) compartments by (5) watertight transverse aluminum bulkheads as follows: Collision bulkheads, void, void, voids with gen sets and fuel tanks, voids, lazarette.
Access and Layout:
The hull compartments are accessed thru a variety of flush manhole/hatches with the bow deck manholes equipped with strong backs and dogging arrangements fitted with watertight gasketing. The passenger cabin hatches are aluminum with gasketing but no dogging arrangements. All compartments are clean and dry. The helm is located upper deck forward, good visibility sides and forward with bridge wings,
starboard wing has steering and engine controls. Entry/egress doors, manholes and stairway are in serviceable condition.
Mechanical in gen set compartments and deck hatches thru-out.
The following equipment were added at to this vessel during a refit in Miami FL.
Two (2) VHF radios, Epirn
STD GPS chart plotter, New Depth sensor
New Furuno Radar w/AIS system
Wireless Public address system
AM/FM/CD radio w/sirius module
Spotlight and horn controls
Side thruster controls
Rudder indicator Ray ST60
Four (4) New flay screen tv’s
Eight (8) New AC/USB charging stations
New bow passenger loading access
(12) High water bilge alarms, bilge pump manual controls
Fused panel for all DC operated switches
CCTV camera system
Gen set gauges for 8/15kw gen’s, combo gauge for 22kw
Two additional AC units, 1 new 8kw gen, 4 new 300hp O/B’s
Note- New 50-amp AC (shore power) installed
The passenger cabin is fitted with stackable type chairs and 16 tables not secure to the sole deck with a walkway center. The main heads are located aft port/strbd and fitted with a mechanical flush toilet with natural ventilation.
The life jackets (140-Adult /22-child, Type I’s) are positioned in stern lockers (labeled) aft on upper deck. Two Type IV life ring secured to a strobe light and lanyard are provided and labeled with the vessel name, in addition, man overboard ladder provided.
Main propulsion is provided by Four (4) new 2020 Yamaha outboards, 6-cylinder gas rated at 300 hp each by the manufacturer. The engine serial numbers are 6CEU-1074090/6CFU 1018894 / 6CFU1018548 / 6CEU-1074083. The engines are fitted to the transom.
The starting system is powered by two 12volt wet cell batteries located in voids forward of each engine, installed in acid proof boxes, all need to be secured with straps in accordance with ABYC recommendations and USCG regulations.
Fuel feeds supplied by flexible USCG approved hose. Racor fuel filter/separator with shutoff valve is installed in a good workmanship type manner.
The exhaust system is thru outboard lower units.
The engines are raw water cooled.
The engines are fitted with alternator for battery charging and two 20-amp chargers in electrical panel.
The boat’s wiring system is provided by fuses at the helm with labeled switches, conductors are USCG approved type, well supported and properly connected thru-out vessel. There is a 50amp shore (AC) power and two auxiliary (generators) installed.
All systems are in serviceable condition. Wetsterbeke 15 & 8 kw’s amp gen set powered refrigerator, four air conditioners (72k, btu’s each), three battery chargers simultaneously. There are (6) six 6v batteries for bow thruster in secure covered boxes. Current operator alternates gen sets during season
A sea trial was conducted with no issues observed. Wind-S @ 10-15 knots, current-flooding, air temp 55F. Port tach up 5400rpm’s, starboard tach up to 5450 rpm’s. No smoke, fuel/oil sheen, no skips or unusual vibrations observed. Seller operated vessel with two crew members, this surveyor and two representatives from Poseidon Ferry onboard
The vessel is equipped with one fire/bilge and one manual operated bilge pump supplied with high water bilge alarms at the helm as required by the USCG. There is a 12volt potable water pump installed. Potable water tank is listed at 100 gallons. Waste water tank is listed at 80 gallons.
Four aluminum fuel tanks, one @ 100, one @ 125, two @ 200 gals. are installed midship, port/starbd compartments fitted with a fuel gauges at helm. Rracor fuel/separators with shutoffs valve are installed and serviceable. The emergency fuel shutoffs labeled and located in the main deck. All fuel lines and filters show no evidence of prior (stains) or current leakage.
The vessel is equipped with three (kevels) cleats per side. The bow is fitted with an anchor shelf with Danforth anchor provided. One searchlight, fitted forward of the wheelhouse powers up. Two doors at the bow P/S are designated crew only, cleats block the passage and should be relocated.
Fire & Safety:
The vessel has (2) fire hoses (powered up), one B-l, 4 B-II’s, 2 A-II with two halon fire suppression systems (one for each gen set compartment), all current inspection (2020) tags.
Extinguishers are located thru-out both decks and provided with location labels. All required USCG safety gear was aboard including life jackets, first aid kit, day/night signal kit.
The vessel was inspected with regard to applicable NFPA standards and USCG regulations and found to be in compliance. The vessel has had extensive upgrades and refit ($399,025.01) to safely operate as a Ferry in Florida with recent USCG Inspections and approval. The vessel operates under a current USCG COI on Protected waters and allowed to take passengers as a ferry and sight-seeing cruises. The vessel was hauled for an out of the water bottom inspection at this time. Good housekeeping and maintenance had been provided and we find the vessel to be in overall good serviceable condition at this time and suitable for USCG approved passenger service.
The details of all vessels are offered in good faith but we cannot guarantee or warrant the accuracy of this information nor warrant the condition of the vessel. Any buyer should instruct their agents, or their surveyors, to investigate such details as the buyer desires validated. This vessel is offered subject to sale, price change, location or withdrawal without notice.
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