<div class=”d4p-bbt-quote-title”>AK Guy wrote:</div>
I checked his website and he gets $800 a day flat rate, 2 day minimum. That’s a lot of trips to pay for a $100k machine. Clearly has outside income and or sponsorship/guide pricing.
Running some #’s. 100,000 loan at 6% for 10 years is a payment of 1110.00 if he books 2 days at 800.00 a day thats 1600.00. That covers the loan and puts 490.00 exta into his pocket. My guess is he’s not only booking 2 days a month. Not that hard to make it work for him.
I like your enthusiasm, but I’ll take a hard pass.
I personally would not want to be on the hook for a $1100 month loan ($13,320 a year), coupled with expenses like insurance, advertising, bait, fishing gear, fuel, and maintenance.
Ice seasons are short, especially in South Dakota and last year had to be awful to be in the ice fishing business with high overhead. This year we’re all having decent ice conditions, but who knows what future winters will bring.
I’m not saying you can’t make money with a Snobear, but margins have to be razor thin.