The total vessel support package

First Mate Opportunity

Harness the growing demand of time poor boat owners requiring a complete vessel management solution.

Boatsmart HQ is offering license options to qualified marine crew. If you’re looking for new revenue, we can provide a ‘First Mate’ platform to suit your needs.

With OTE of $100,000 - $200,000 you can quickly build up vessel subscriptions in your local area through your network of contacts, all backed by our regional marketing support.

Our total care package ensures your clients’ boats are ready any time, any day of the year - and are always safe and compliant. What if you could reduce owners’ costs through preventative maintenance and also give yourself a regular stream of income by working in a way that helps support your local marinas and trades?

“With a maintenance and activity log, and an independent monthly assessment, BoatSmart HQ services help to maintain the value of my asset, assists with my insurance profile, and allows me to cruise with confidence.”

Daniel - Riviera 46 Coupe

Reactive vs. Boatsmart HQ Preventative Maintenance?

Reactive management involves addressing issues as they arise, often in response to breakdowns or malfunctions whilst preventative management involves taking a proactive approach to boat maintenance addressing issues before they become serious problems.

It’s all right here on the owners Ship’s Log

Via the Boatsmart HQ App, The Ship’s Log is where you can find every Vessel Inspection Report [VIR] as well as a record of all of the repairs, refits, and upgrades that have ever been done to each boat that you manage.

The Ship’s Log is instantly accessible, providing you with a running audit for all your vessels including vital systems and components prone to failure.

Dashboard:

Overview of vessels and invoices ready to approve and send.

Vessel Inspection Report:

Overview of status of all items following inspection checks.

Vessel Inspection Report:

Overview of non operational items following inspection checks.

Vessel Inspection Report:

Overview of immediate work required.

Operate a BoatSmart HQ License in a defined territory.

It’s our policy to offer new licensees a territory that can demographically support a BoatSmart HQ license. Depending on availability and your preference, we can offer the territory that’s closest to where you live or the territory that offers the most potential for success.

Key Benefits of the Boatsmart HQ License model:

Receive comprehensive start-up and ongoing training, so you’re a confident BoatSmart HQ business owner.
Grow your business through proven systems and the BoatSmart First Mate unique vessel management software.
Be part of a value-driven team that shares ideas for success and constantly looks at ways to do things better.
Earn a substantial income and watch your business and profits grow, as demand increases for total vessel management solutions.
Receive continuous marketing support and guidance, leveraging opportunities through digital and social media as well as trade shows.

“Shout out for the fabulous app and service BoatSmart provide. My First Mate seamlessly looks after my baby. If you don’t use them, you should. Give them a call.”

Russ - Fairlane 57

Experience

You have a highly experienced Headquarters team
available 24/7 for business and technical advice, committed to ensuring we represent industry best practice, and you stay profitable.

With over 60 years combined boating experience and vessel ownership within the team, you have the support and knowhow available to enable you to confidently grow your business and offer the best total vessel management solution for your customers.

Training

Our management training programme covers all aspects of starting up and running a BoatSmart HQ Franchise. Two weeks of intensive on-the-job training at HQ and on client vessels, will ensure you are fully equipped to successfully operate and manage your new business.

Ongoing support is available as your business grows and your operation scales up.

Robust model

Since our launch in late 2017, we have continuously developed and improved our business model. We have made all the mistakes on this journey to ensure you don’t have to. We have validated revenue expectations from different classes of vessels and client profiles.

The investment

“This is my first sea bound boat. With my BoatSmart First Mate’s knowledge on tap, I have true peace of mind, plus it makes me safe, saves time and money!”

Steve - GulfStream 38

Annual Average earnings per vessel
Subscription net of GST and Royalty Basis : Mixed average of $400 or $500 pm less GST / BSHQ Royalty	$4000
First Mate Billing hours net of GST and Royalty Basis : 3 hours low skill maintenance per month @ $95 per hour	$2800
Management fees net of GST and Royalty Basis : Managing $18,000 annual maintenance through suppliers	$1850
Total Revenue per vessel net of GST and Royalty	$7650
Business Sole Operator capacity (number of Vessels)	35

Overheads
Local Marketing investment	$2000
Telecom and Internet	$2500
Vehicle expenses	$6000
Professional Indemnity Insurance	$1000
Sundry Expenses	$2500
Total Overheads net of Sales tax	$14,000
Net Income target	EST $250,000

Income stream	Gross/month	Royalty	You keep
Vessel subscription (blended net, 25% direct / 75% marina)	£228	−£68 (30%)	£160
Basic marine works (3 hrs × £50 ex VAT)	£150	−£23 (15%)	£127
Own maintenance ✓ no royalty	£1,042	—	£1,042
3rd party management fee (10% of supplier costs)	£104	−£16 (15%)	£88
Vessel license fee		−£20	−£20
Total per month	£1,504	−£127	£1,397

Income stream	10 vessels	25 vessels	50 vessels
Subscription (net)	£19,200	£48,000	£96,000
Basic marine works (net)	£15,240	£38,100	£76,200
Own maintenance	£125,040	£312,600	£625,200
3rd party mgmt fees (net)	£10,560	£26,400	£52,800
Less vessel license fees	−£2,400	−£6,000	−£12,000
Annual net income	£167,640	£419,100	£838,200

First Mate Opportunity

Reactive vs. Boatsmart HQ Preventative Maintenance?

It’s all right here on the owners Ship’s Log

Operate a BoatSmart HQ License in a defined territory.

The investment

Boatsmart HQ Revenue Model

Revenue Potential Per Vessel

Comprehensive launch support and ongoing Quarterly promotional activity

The process

The process

You’re in good hands