# Second-boat investment evaluation

Test the marginal operation before adding hull, staff and debt obligations.

Original Louisiana Deep Sea Fishing planning worksheet. Prepared October 22, 2026. Editable example, not an official agency form, contract, legal opinion, inspection or certification. No signup is required.

Prepared by: __________  Planning date: __________  Version: __________

## Demand and constraint

- Qualified lost bookings by date, product and viable price: __________

- Current unused capacity and alternative fixes: __________

- Evidence that the vessel is the actual bottleneck: __________

## Incremental operation

- Actual captain, relief and management workload: __________

- Vessel-specific permits, insurance, passenger and dock feasibility: __________

- Additional launch cash, fixed cash and trip contribution: __________

## Downside and exit

- Weak-season, repair and staff-unavailable scenarios: __________

- Lowest unrestricted cash and effect on first boat: __________

- Subsidy limit, review date and pause/exit threshold: __________

- Records needed before purchase funds are released: __________

## How to use this record

Do not copy the first boat’s permits, customers or unpaid owner work into a second operation without evidence. Compare the additional boat separately as well as the combined business. A larger gross revenue total does not establish a sound marginal investment.

Keep confirmed facts, estimates and unknowns distinct. For a requirement record the responsible source, checked date, supporting evidence and next action. Retain private financial, identity and personnel documents securely; do not put them into public URLs or analytics.

## Continue the lesson

https://louisianadeepseafishing.com/charter-business/growth

Before acting, verify changing requirements with the responsible agency and obtain qualified advice for the actual operation. This document does not submit an application or establish that any requirement is satisfied.


## One-boat baseline versus additional unit

- Baseline completed trips/revenue/contribution without expansion: __________
- Truly additional demand, source and limitations: __________
- Trips shifted from existing boat rather than newly won: __________
- Additional unit's direct costs and fixed obligations: __________
- Step-up administration, training and management time: __________
- Combined result compared with the baseline: __________

## Three scenarios

Repeat for conservative, base and optimistic assumptions:

- Available operating slots, bookings and completed trips: __________
- Cancellation and repair assumptions without double counting: __________
- Retained revenue, direct contribution and fixed cash: __________
- Owner management compensation/reserve not already counted: __________
- Lowest unrestricted balance and effect on first boat: __________

Test a peak-month repair and unavailable captain separately, then together. Record a subsidy ceiling and stop rule before committing. A larger company-wide revenue total does not prove that the additional vessel earns an acceptable return.