The Dive?

[WakeboardMom]

Originally Posted by joey2665

If they are going to continue to operate this time of year and later into the fall then they must devise some type of shuttle service for the captain of the boats dropping people.

Should be NBD on a 600k investment. The manpower might be the issue. And maybe insurance.

https://www.amazon.com/Z-Ray-Surveyo...latable+dinghy

[joey2665]

Originally Posted by WakeboardMom

Should be NBD on a 600k investment. The manpower might be the issue. And maybe insurance.

https://www.amazon.com/Z-Ray-Surveyo...latable+dinghy

Yes with a 600k investment they need to be imaginative and think outside to box to extend their season and start their season as early as possible in order to maximize the ROI

[thinkxingu]

Originally Posted by joey2665

Yes with a 600k investment they need to be imaginative and think outside to box to extend their season and start their season as early as possible in order to maximize the ROI

Agreed, but that is also more money. As much money as they invested, it seems like they missed some important aspects. Even if they have a dinghy, people still need to be out there...

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[joey2665]

Originally Posted by thinkxingu

Agreed, but that is also more money. As much money as they invested, it seems like they missed some important aspects. Even if they have a dinghy, people still need to be out there...

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Yes they did miss quite a few very important aspects. 1) underpowering the vessel 2) getting patrons (boats captains) to and from their boats when the weather isn't idle to wade or swim or when the captain doesn't want to get wet before boarding 3) from a strict financial point of view, investing 600k in a bar/restaurant with an extremely short season.

I truly hope they succeed but as a CPA and one that invests commercially in businesses and real estate tis is a business I would never invest in myself nopr would I advise a client to invest.

[Cal Coon]

I went out briefly saturday, and the Dive had a 22' or 24' center console tied up to it and I thought that it was probably being used as a shuttle. It was early in the day, and the only people on the Dive were employees, so I don't think the center console belonged to a patron on board the Dive. It was tied up and idling, (cc), with no one on board which I thought was kind of strange.

[WakeboardMom]

Originally Posted by Cal Coon

I went out briefly saturday, and the Dive had a 22' or 24' center console tied up to it and I thought that it was probably being used as a shuttle. It was early in the day, and the only people on the Dive were employees, so I don't think the center console belonged to a patron on board the Dive. It was tied up and idling, (cc), with no one on board which I thought was kind of strange.

They use it to shuttle employees to and from The Dive and for supply runs. When they have it tied up there, it's difficult for captains to discharge passengers/customers who don't care to wade or swim in order to board.

[Cal Coon]

Originally Posted by WakeboardMom

They use it to shuttle employees to and from The Dive and for supply runs. When they have it tied up there, it's difficult for captains to discharge passengers/customers who don't care to wade or swim in order to board.

Why not just use it as a shuttle then, for everyone? Instead of the Captain of the boat dropping off passengers, why not just set anchor and call the Dive for "pick up", and they come get you. Bring people back and forth to their boats, no one gets wet when it's cold, win, win for everyone. (I realize this gets difficult as the sand bar becomes crowded, maybe use a smaller boat??) Or, maybe people can just start blowing their "air horn' for pick up like they do at yacht clubs for moored boats... Something else for people to complain about!!

[Taz]

Originally Posted by Cal Coon

Why not just use it as a shuttle then, for everyone? Instead of the Captain of the boat dropping off passengers, why not just set anchor and call the Dive for "pick up", and they come get you. Bring people back and forth to their boats, no one gets wet when it's cold, win, win for everyone. (I realize this gets difficult as the sand bar becomes crowded, maybe use a smaller boat??) Or, maybe people can just start blowing their "air horn' for pick up like they do at yacht clubs for moored boats... Something else for people to complain about!!

Tell that to the Dive, their not doing that.

[Cal Coon]

Originally Posted by Taz

Tell that to the Dive, their not doing that.

It all depends on how desperate thing's become, desperate people do desperate thing's... However, you may be right, maybe this is just a hobby for someone and money is no object. Time will tell...

[Taz]

Originally Posted by Cal Coon

It all depends on how desperate thing's become, desperate people do desperate thing's... However, you may be right, maybe this is just a hobby for someone and money is no object. Time will tell...

Funny we are having this conversation. Just saw a FB post on the Dive FB page dated 9/8 where they announce they will have Pats on Sunday but say nothing of shuttle. Some one asked on the post that people need to board without getting wet and the Dive answered as of 9/10 they will shuttle customers. Why didn't they mention it in post heading? It's buried in the questions. They did a poor job of letting customers know this.

[noreast]

I thought food pick up (drive through) was going to be the M.O?

[Descant]

Anchoring and getting a shuttle pick up is certainly an improvement over trying to dock at the Weirs.

[Flyfisha]

Just saw the dive out on a cruise. Just rounded Smith Point towards Diamond??

[Descant]

Originally Posted by joey2665

Yes they did miss quite a few very important aspects. 1) underpowering the vessel 2) getting patrons (boats captains) to and from their boats when the weather isn't idle to wade or swim or when the captain doesn't want to get wet before boarding 3) from a strict financial point of view, investing 600k in a bar/restaurant with an extremely short season.

I truly hope they succeed but as a CPA and one that invests commercially in businesses and real estate tis is a business I would never invest in myself nor would I advise a client to invest.

Right. I would not expect my CPA to advise in favor of anything risky. I also would not expect him/her to be richer than I am since I might take greater risks. I would need him/her to guide me through bankruptcy. Risk vs. reward, right?
I expect the Dive will be reworking their business plan for 2019 to include events and ticketed cruises (new power?) and perhaps negotiating a better homeport.
Homeporting at a marina or resort with lots of parking and no restaurant/bar
would work.
Remember that 600K could have been spent on a restaurant development and you would pay big property taxes. The Dive, by comparison, pays registration fees, but no property taxes. Remove the engines and use a tow boat, and I think no registration fees, just for the tow boat.
Maybe she'll find an island home and be Mama Lucy's II? Stranger things have happened on Winnipesaukee.

[joey2665]

Originally Posted by Descant

Right. I would not expect my CPA to advise in favor of anything risky. I also would not expect him/her to be richer than I am since I might take greater risks. I would need him/her to guide me through bankruptcy. Risk vs. reward, right? .

I don’t understand the comment about the CPA’s personal finances and what they have to do with there analysis of an investment and the risks vs rewards or expecting your CPA to have less net worth than their clients.

In my opinion it is completely irrelevant. If this was the case I would lose 75% of my clients.



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[TiltonBB]

Originally Posted by Descant

Maybe she'll find an island home and be Mama Lucy's II? Stranger things have happened on Winnipesaukee.

When you start thinking about places that could accommodate a 66 X 22 vessel the number of options is very small. Off the top of my head I know of no island docks that are capable of handling a vessel this size. Then there are the associated issues, such as where would any customers dock their boats.

As far as a different mainland location, the size again presents a problem. When you eliminate the commercial locations that would not want the competition for the food business the list gets even smaller. Thinking about the whole lake, there are few docks that the Dive could fit at, even if they were welcomed.

The booze cruise idea might help the bottom line if they could find a town or any location where they could temporarily dock to allow passengers to board. That would have to be a location with substantial parking. Laconia has already said no, (they didn't even want the Tiki Boats to pick up passengers there) and it may be difficult to find any other town that will approve it.

Although it is a unique idea, given the initial investment, insurance, and operating costs, the numbers just don't seem to me to be workable. I could be wrong but I would be surprised if it is still operating by 2020.

[ApS]

Originally Posted by TiltonBB

When you start thinking about places that could accommodate a 66 X 22 vessel the number of options is very small. Off the top of my head I know of no island docks that are capable of handling a vessel this size. Then there are the associated issues, such as where would any customers dock their boats.

As far as a different mainland location, the size again presents a problem. When you eliminate the commercial locations that would not want the competition for the food business the list gets even smaller. Thinking about the whole lake, there are few docks that the Dive could fit at, even if they were welcomed.

The booze cruise idea might help the bottom line if they could find a town or any location where they could temporarily dock to allow passengers to board. That would have to be a location with substantial parking. Laconia has already said no, (they didn't even want the Tiki Boats to pick up passengers there) and it may be difficult to find any other town that will approve it.

Although it is a unique idea, given the initial investment, insurance, and operating costs, the numbers just don't seem to me to be workable. I could be wrong but I would be surprised if it is still operating by 2020.

The idea was probably to actively use the short summer season, then "park" their barge for the winter. Where? Where all the other barges "park" for the winter. (And there are an increasing number of barges on this lake).

One blue work barge was "grounded" across from me in Winter Harbor. Then one Spring day, it left. It appeared to have sunk in place—whether deliberately or not, I don't know. With the pressure of ice equal inside and out, it didn't appear crushed; in fact, it seemed to have weathered the winter OK. The barge had made its own island!

Originally Posted by Taz

Say the Dive was going to Braun Bay. How long would it take to go from WAM to Braun? It seems like it would be awful slow and maybe not feasible to go that far. There are not many areas it could go to be profitable. I think 3, Braun, Smalls, Margate sand bars and Braun, Margate maybe not feasible to go to, take too long to get there and back, also
not sure how it would handle a rough water day were it to travel. Smalls maybe its only feasible option.

A couple of days ago, the wind came up from the west—very strongly. I was surprised to see a work barge leaving a protected anchorage to start its journey crossing this wind at 90°.

.

[FlyingScot]

Originally Posted by TiltonBB

Laconia has already said no, (they didn't even want the Tiki Boats to pick up passengers there) and it may be difficult to find any other town that will approve it.

Agreed. Come to our town, take up dock space and parking, then motor people away from our tax-paying restaurants and bars to spend their money--no thanks.

[Woodsy]

Originally Posted by FlyingScot

Agreed. Come to our town, take up dock space and parking, then motor people away from our tax-paying restaurants and bars to spend their money--no thanks.

Laconia has some sort of no-compete agreement with the Mount... that's why the Tiki Boats, the Winni Belle and now the Dive cannot use the Weirs docks.

I suspect however they could strike a $$ deal with a local marina for pick up/drop off!

If the Dive can replace the lower units on their outboards to a more "work boat" friendly setup.... they will be able to move about the lake next year easily.

Woodsy

[fatlazyless]

For $250 The Dive can get one of those blue Sun Dolphin Bali 13'6" x 34", 70-lb, capacity 500-lb, two seater plus, sit-on-top family kayaks from the Plymouth Walmart, and just let the customers paddle it themselves ........ it can even be hand paddled with just arms and hands ..... no paddles ...... a courtesy kayak .... boat to barge ..... barge to boat ..... boat to boat ..... boat to shoreline for a quick pee..... sounds like fun ..... helloooo, WHO needs the kayak? ....... and where-o-where is the kayak? ...... more user friendly than a stand up paddle board ...... where to Governor? ....... paddle-ho ho ho!

[joey2665]

Just like in "Poltergeist" he's back....................