Since the year 2000, Master Baiter’s has been in the Sportfishing Charter business. Some call it Deep Sea Fishing, Big Game fishing and others call it Sportfishing. Whatever you choose to call it, it’s expensive and there’s no way around that simple fact of life.
I always have potential clients enter my shop on the boardwalk in Marina Vallarta and they naturally ask for prices. When I collect all the information I need from them to make a recommendation, they are seldom happy about the price and that in itself is a deal breaker. Especially for many vacationing Anglers with a “whim” to go fishing for “Moby Dick”. When I do finally figure out the correct or best option for the client, he’s usually grabbing his chest from the heart palpitations he’s experiencing. I can understand that reaction for sure. When you tell a potential client that a ten hour trip on a nice and nicely equipped boat is going to run on average $1,000.00 usd for up to six people (total, not each person), this is normal. After years of this I think it’s finally time to get down in writing why things are the way they are. When you stop and realize that for the same money, you can rent a Jet Ski and pay more for that per hour than you are for a multi-hundred thousand dollar boat! Just to put things in perspective. Lets go into a little more detail on this since it can be a deal breaker.
Start-up and Operating Expenses: First, let’s take a look at the expense of the boat itself. If you’re lucky and you buy a three year old Luhrs Express with fresh engines for example, you’d be lucky to get one of these for $180,000.00 usd (it’s a ball park number so don’t beat me up for this over present market conditions). Now the engines on a Charter Boat that’s going out 15 to 20 times a month (which is a lot) will last three years before you’ll need to start thinking about what the engines remaining life span is. Without getting into this too heavily, I use the accounting / business standard three year return on my investment (ROI) formula for this, as do some others in Marina Vallarta. The boat payment alone, without interest attached for 36 months (3 yrs) is a $6,000.00 usd per month payment alone. Most financing a boat like this will extend the terms so their payment is in the neighborhood of $2,000.00 usd per month for multiple years, with a substantial down payment.Tack on Fuel, insurance, water, electricity, cleaning products, oil changes, Equipment, salaries, fishing licenses for a year, Line, Lures, Poles, maintenance (of everything), Reels, ADVERTISING, more equipment and you start to get a feel for what the upfront expenses are before you ever see a dime in profit. Don’t forget, you’re a startup company so people won’t know of or about you. With all these expenses and some I didn’t mention, the actual running expenses / cost of the 32 ft. boat will ultimately run approx. $743.00 usd per 12 trip (1/3 to 1/2 being fuel alone, rest being fixed cost). If as an owner you charge $1,000.00 for that trip, the owner saw maybe $257.00 usd over operating expenses in profit. Hit this amount with taxes or Hacienda as they call it here in Mexico, and I’m sure you can see where this is going. I’d also like to emphasize that 15 trips a month is considered a heavy traffic month, so the numbers can go south in a heart beat if demand for your services dry up due to bad economies like in the USA now or Covid situations. Put this all together and you’ve got a dicey situation for the Deep Sea Fishing industry, especially if you’re new in the “neighborhood”. A risky business venture to be sure, yet we get those who want to retire and become Jimmy Buffet Living in Margarita Ville where life is a constant party. Well folks, it doesn’t work like that, it’s not glamorous or a big money maker.
Average “time in business” for a startup charter companie(s) is 2.5 yrs in business or less. That’s how long it usually takes people to figure out they’re not having fun or making any money and most likely both. Hell, they’re not even covering their expenses with low charter months and eventually the money will just dry up and there goes the fantasy. The competition doesn’t help when they sell their boats for less than your operating cost.
Charter Services in Florida, Hawaii, and Cabo all price their charters considerably higher which makes Puerto Vallarta the best value for your Sportfishing dollar as things stand now! With Marine Fuel in the $4.50 (conservative) a gallon range. Depends on the day, most of the time it’s more expensive, we’re still a better value.
Recently in PV, Many existing charter companies with good reputations are updating their charter boats with newer boats, yet prices are staying stable because of a noticeable slow down in tourism. With all the financial balls people are juggling in North America the budget fisherman has been hit hard. With the growth in popularity of Puerto Vallarta and the sport is off setting the lower levels in tourism. People with money will always have the money they want to do what they want. Big Game Fishing has never been cheap and it never will be. For those with the necessary cash flow, The World has turned its eyes our way and things are changing accordingly…..
One thing to look out for is the guy who says he can take a deposit on a specific boat. He may even have a slip of paper with a number on it, but it doesn’t mean a thing amigo. Last week I placed two different sets of people on boats after another “ Mex. National promoter(s)” took a 50% deposit for a day of fishing. When it came time to go, the boat was no where to be found. No contact, Nobody. I tried calling the boat that was “chartered” only to find the boat was already booked and confirmed for other people. Those unsuspecting folks were robbed and didn’t find out for three days after they dropped the deposit. Don’t be fooled, Use an established Charter company with an office from which they work from. If you don’t have that, and I don’t mean a mini mart, you’ve got a possible vacation disaster.So beware of who you’re dealing with…..
Licenses: Like any tourism organization or company involved with tourist, especially tours that “move”. Basically if it has a motor, it moves and it has strict laws for safety and operation. As a potential client do you think about the safety aspect of the product? Or do you focus on the cheapest price. There are a series of licenses necessary to be a legal operating business. Do you know which licenses you should be asking for, especially with some guy walking around the boardwalk with a nice looking shirt? Remember, in Mexico laws are written, but not enforced. Enough said.
About Captains and Crews: They say there is no substitute for experience and here in Puerto Vallarta (PV) truer words were never spoken. Many, if not most of the Captains here grew up on the docks learning from their Fathers and Grand Fathers. There are many third generation charter Captains that know this area better than the back of their hand. The problem is, this is Mexico and most Mexican Captains and crews don’t speak English (all of ours do at Master Baiter’s). This can make communication difficult for the vacationing Angler. So the Captain with good, maybe not great English skills will be favored over the non-English speaking Captains. Now I can more than understand this since a person coming down from Canada or the States will find a comfort factor in being able to communicate with the Captain. Imagine that. So when a boat owner chooses a Captain, he has to choose from a limited few that may or may not be the best choice available. Coming down to the Marina or reading articles online will help the decision making process but you never know what you’ve got until you’ve been out with one. Many people come to PV year after year going from one company to another looking for the correct combination of ability, quality, comfort factor, and price! Since people are creatures of habit, if they have fun, you’ve got a locked in return client! They’ll come back year after year, since they already like the boat and crew, why change??
Some Captains come in consistently with fish, while others will tell you they’re the best, yet choke when the chips are down. Now we all know fishing is fishing and on any given day you can come in skunked, it happens to the best of us. But as a charter company owner I’m looking for everything, Perfect English, Experience, reliability, a dash of personality and the ability to come in with a full fish box when others are coming back “empty handed”. For those off days when you come back with an empty fish box, we’ve all heard the horror stories, the very least you want is a Captain and Crew that you feel gave it their all. Changed lure color often, tried different things and had the tools necessary for several fishing methods! Not just trolling the six lures they may have.
So how would the general public coming down to Puerto Vallarta know which Captain is best for them? Well amigos, it’s almost impossible to tell if you’re not in the middle of the action. That’s where we come in, making sure we have the best Captains available on our boats so you don’t have to worry about such things. And frankly you should be able to have confidence in the “system”. The boat you were on last year may have been great then, but things change rapidly in Marina Vallarta and the captain and crew, hell even the owner may have changed since the last time you went out fishing with them. Everything has changed about that boat, except the name that is. So choose a reputable Fishing Charter Company and you’ll most likely not be disappointed with your day on the water.
Now remember, this article is for the average guy hoping to learn a little something from an insiders view. Again the goal of this article is to share information with the average person so “he” can better understand why things are, the way they are!