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Project Goals: The goal of BelizeSubmarine Tour is to provide anunparalleled excursion, notcurrently being offered inBelize, which will result amemory of a lifetime.• Provide a sound investment opportunity with the highest Return On Investment possible.Refer to pgs 25-26 for Pro-Forma Returns.
Citation preview
Treasure Cove BelizeSubmarine Project
The Reef Nautilus IV
Monday, March 7, 2011
Project Goals
• The goal of Belize Submarine is to provide an unparalleled excursion, not currently being offered in Belize, which will result a memory of a lifetime.
• Provide a sound investment opportunity with the highest Return On Investment possible.
Monday, March 7, 2011
Belize
• Belize was the site of several Mayan city states until their decline at the end of the first millennium A.D. The British and Spanish disputed the region in the 17th and 18th centuries; it formally became the colony of British Honduras in 1854. Territorial disputes between the UK and Guatemala delayed the independence of Belize until 1981. Guatemala refused to recognize the new nation until 1992 and the two countries are involved in an ongoing border dispute. Guatemala and Belize are gearing up for a simultaneous referendum to determine if this dispute will go before the International Court of Justice at The Hague. Tourism has become the mainstay of the economy.
Monday, March 7, 2011
Belize
• Is a small country in Central America and its official language is English
• The population is 307,899 (Jul-10 est.)
• It is poised to become an international location for niche business
• It is home to many natural resources including the largest living barrier reef in the world
Monday, March 7, 2011
Geography
Belize
• Location
• Central America, bordering the Caribbean Sea, between Guatemala and Mexico
• Geographic Coordinates• 17 15 N, 88 45 W
• Area• total: 22,966 km2
• land: 22,806 km2
• water: 160 km2
• Climate• tropical; very hot and humid;
rainy season (May to November); dry season (February to May)
Monday, March 7, 2011
Government
• Government Type
- Parliamentary Democracy & a Commonwealth realm
• Capital
- Belmopan
• Independence
- 21 September 1981 (from UK)
• Legal System
- English Law
• Prime Minister
- Dean O. Barrow
- Since 8 February 2008
• Deputy Prime Minister
- Gaspar Vega
Monday, March 7, 2011
Economy
• In this small, essentially private-enterprise economy, tourism is the number one foreign exchange earner followed by exports of marine products, citrus, cane sugar, bananas, and garments.
• GDP
• $2.555 bil l ion (2009 est.)
• Exchange Rate
• Belizean dollars (BZD) per US dollar - 2 (2009), 2 (2008), 2 (2007), 2 (2006), 2 (2005)
Monday, March 7, 2011
Belize Submarine Reef Nautilus IV Submarine
Monday, March 7, 2011
The Reef Nautilus IV Submarine
• Registered as an international vessel through IMMARBE, Ship Station License No. 03-005265, Official Receipt No. 047197
• BPA (Belize Port Authority) Registration No. BZ-1976, Nautilus IV
• Dimensions:
• Overall Length - 62’
• Beams - 13’
• Depth of Hull - 10’
Monday, March 7, 2011
Belize Submarine transfer vessel and a view “Inside” the Reef Nautilus IV
Monday, March 7, 2011
The Experience
• The Submarine Tour will highlight and showcase the abundant and diverse sea life as well as a Coral Garden which has recently been discovered.
• The tour will include the premier dive spot in all of Belize, located just 800 yards from the island of Drowned Caye.
Monday, March 7, 2011
Belize Barrier Reef
• 2nd largest barrier reef in the world
• It is estimated that only 10% of all species that reside within the reef have been discovered
• The reef stretches for more than 560 miles in total with 186 miles within Belize.
• Blue Hole (shown at left)
Monday, March 7, 2011
Proximity of Resort, Cruise Port & Submarine Tour
6.5 miles
4 miles
Note: International Airport is located ~15 miles from TCB
International Airport
Belize City
Cruise Ship Port
TCB Submarine Tour
Monday, March 7, 2011
Cruise Lines - Passenger DataBelize Tourism
Monday, March 7, 2011
Belize Tourism
• Tourism in Belize has continued to grow and this coming year will be no exception.
• The Belize Board of Tourism estimates that >1.1 million people will disembark in Belize this year based on advanced cruise ship estimates and airline bookings.
• The conditions surrounding the tour site is ideal. Because the submarine will remain on-site, at sea during the day, the dive site itself is within a 20 minute boat ride from the shore or cruise ships in order to efficiently transport the passengers and maintain an hourly dive schedule.
Monday, March 7, 2011
Belize Cruise Ship Data 2010Belize Cruise Ship Data 2010Belize Cruise Ship Data 2010Belize Cruise Ship Data 2010Belize Cruise Ship Data 2010Pax (Max) Pax (Actual) Pax/Week Sub Target %
Jan 98593 94379 4320 4.58%
Feb 93108 88492 3840 4.34%
Mar 104956 104075 4320 4.15%
Apr 71546 71087 3840 5.40%
May 41860 39772 4320 10.86%
Jun 38506 41485 3840 9.26%
Jul 38127 36630 4320 11.79%
Aug 35006 38172 3840 10.06%
Sep 41260 39970 4320 10.81%
*Note: Targets based on 20 tours per week
Monday, March 7, 2011
Our Visitors
• Market Opportunity
• Proven profitability and market differentiation. These are the results of tourist submarine operations across the globe. Last year this industry carried over 2 million passengers and enjoyed $150 million in revenue.
• Tourists are the key ingredient. In order to make the operation of a tourist submarine a success, a minimum of 10,000 annual tourist arrivals per seat on a submarine are required given average industry capture ratios. In addition, the passengers should have sufficient income to purchase a ticket which will cost a minimum of $59 per adult.
• At 1.1 Million tourist Treasure Cove would need 111 seats in its Submarine to fill the current need.
Monday, March 7, 2011
Demographics
• The market for Belize Submarine are broken into 3 sub-groups
1.People disembarking from the cruise ships with prepaid ticket sales.
2.People vacationing at Treasure Cove Belize on Drowned Caye.
3.People vacationing throughout Belize either from the mainland, or from surrounding islands such as Ambergris Caye.
Members of subgroup 1 and 2 above are further segmented by having a direct access of booking their tours.
On “ship days”, which are 4-5 days per week, the tours will begin shortly after 6:00 AM till about 11:00 AM.
From 11:30 – 1:30, Treasure Cove Belize island tours will take place, and from 1:30 – 3:30 ship tours will resume, and then the rest of the day, and night tours will be for the Island people.
Sub groups 2 and 3 will be the target of the Submarine on non-ship days.
Monday, March 7, 2011
Sales & Promotion
• Sales & Promotion will be accomplished through various methods
• Advanced sales through the website and travel agencies which result in pre-booking all available seats.
• Aerial advertising using a 300 foot high sign para-sailing around the islands and cruise ships being supported by kiosk ticket sales in the tourist village.
• Cross marketing with cave-tubing.com, which is currently the largest tour operator in Belize.
• Distribution of Brochures at all of the major hotels as well as the International and Municipal Airports.
• Strategic partnerships with Belize Water Taxi Association and the San Pedro Belize Express Water Taxi Group.
Monday, March 7, 2011
Marketing BrochureBelize Submarine
Monday, March 7, 2011
www.belizesubmarinetour.comBelize Submarine Website
Monday, March 7, 2011
Generating Revenue
• Revenue Schedule
✦ $59 per person per tour for a total of 48 passengers per tour at 4 tours per day, 5 days a week for 52 weeks out of the year.
✦ Gross Income per Day: $11,328✦ Gross Income per Qtr: $736,320✦ Gross Income for 52 weeks for one
year: $2,945,280✦ Operating cost ~32% or $942,490
ANNUAL NET EARNINGS: USD$2,002,790.00
(*Projected)
Monday, March 7, 2011
Profits Sharing Opportunity
• Total Debt Offering - US$1,000,000
• Guaranteed APR - 10%
• Total Profit Sharing Percentage - 25%
• Profit Sharing % per US$1000 - 0.025%
Monday, March 7, 2011
Revenue Generation Detail
Target Capture RevenueTarget Capture Revenue
Passengers/Year 49,920
Passengers/Quarter 12,480
Average Tix $/Passenger $59.00
Revenue/Year $2,945,280.00
Revenue/Quarter $736,320.00
Operational Expenses 32%
Net Profit/Year $2,002,790.40
Net Profit/Quarter $500,697.60
High Capture RevenueHigh Capture Revenue
Passengers/Year 89,856
Passengers/Quarter 22,464
Average Tix $/Passenger $59.00
Revenue/Year $5,301,504.00
Revenue/Quarter $1,325,376.00
Operational Expenses 32%
Net Profit/Year $3,605,022.72
Net Profit/Quarter $901,255.68
Monday, March 7, 2011
Pro-Forma Return On Investment
Total Debt Offering: $1,000,000Guaranteed APR 10%Total Profit Sharing % 25%Profit Share %/$1,000 0.025%
Target Revenue High Capture RevenuePassengers/Year 49,920 Passengers/Year 89,856Passengers/Quarter 12,480 Passengers/Quarter 22,464Average Tix $/Passenger $59.00 Average Tix $/Passenger $59.00Revenue/Year $2,945,280.00 Revenue/Year $5,301,504.00Revenue/Quarter $736,320.00 Revenue/Quarter $1,325,376.00Operational Expenses 32% Operational Expenses 32%Net Profit/Year $2,002,790.40 Net Profit/Year $3,605,022.72Net Profit/Quarter $500,697.60 Net Profit/Quarter $901,255.68
Pro-Forma Returns - Profit SharingPro-Forma Returns - Profit SharingPro-Forma Returns - Profit SharingPro-Forma Returns - Profit SharingPro-Forma Returns - Profit SharingAnnual Return Quarterly Return Annual Return Quarterly Return
Initial Investment Target Capture Target Capture High Capture High Capture$5,000 $2,503.49 $625.87 $4,506.28 $1,126.57
$10,000 $5,006.98 $1,251.74 $9,012.56 $2,253.14$25,000 $12,517.44 $3,129.36 $22,531.39 $5,632.85$50,000 $25,034.88 $6,258.72 $45,062.78 $11,265.70
$100,000 $50,069.76 $12,517.44 $90,125.57 $22,531.39$250,000 $125,174.40 $31,293.60 $225,313.92 $56,328.48$500,000 $250,348.80 $62,587.20 $450,627.84 $112,656.96
$1,000,000 $500,697.60 $125,174.40 $901,255.68 $225,313.92
Monday, March 7, 2011
Pro-Forma Return On Investment
Total Debt Offering: $1,000,000Guaranteed APR 10%Total Profit Sharing % 25%Profit Share %/$1,000 0.025%
Target Revenue High Capture RevenuePassengers/Year 49,920 Passengers/Year 89,856Passengers/Quarter 12,480 Passengers/Quarter 22,464Average Tix $/Passenger $59.00 Average Tix $/Passenger $59.00Revenue/Year $2,945,280.00 Revenue/Year $5,301,504.00Revenue/Quarter $736,320.00 Revenue/Quarter $1,325,376.00Operational Expenses 32% Operational Expenses 32%Net Profit/Year $2,002,790.40 Net Profit/Year $3,605,022.72Net Profit/Quarter $500,697.60 Net Profit/Quarter $901,255.68
Pro-Forma Returns - Total ReturnPro-Forma Returns - Total ReturnPro-Forma Returns - Total ReturnPro-Forma Returns - Total ReturnPro-Forma Returns - Total ReturnAnnual Return Quarterly Return Annual Return Quarterly Return
Initial Investment Target Capture Target Capture High Capture High Capture$5,000 $3,003.49 $750.87 $5,006.28 $1,251.57
$10,000 $6,006.98 $1,501.74 $10,012.56 $2,503.14$25,000 $15,017.44 $3,754.36 $25,031.39 $6,257.85$50,000 $30,034.88 $7,508.72 $50,062.78 $12,515.70
$100,000 $60,069.76 $15,017.44 $100,125.57 $25,031.39$250,000 $150,174.40 $37,543.60 $250,313.92 $62,578.48$500,000 $300,348.80 $75,087.20 $500,627.84 $125,156.96
$1,000,000 $600,697.60 $150,174.40 $1,001,255.68 $250,313.92
Monday, March 7, 2011
Concessions, Permits & Investments
• ALL Concessions and Permits are in place as well as a Clean Title and Insurance (will be renewed accordingly).
• Pier value: $80,000 USD
• Submarine Replacement Value: $2 Million USD
• Invested to date:
- $750,000 USD in the Submarine
- $80,000 USD on the Pier
Monday, March 7, 2011
Belize Submarine - Projected Use of Funds
• The Projected Use of Funds is broken into 3 sections
• Work to be Completed
• Work Completed - To be Paid
• Miscellaneous Expenses
Monday, March 7, 2011
Belize Submarine - Projected Use of Funds
OBJECTIVE: Completion of the REEF NAUTILUS IV OBJECTIVE: Completion of the REEF NAUTILUS IV OBJECTIVE: Completion of the REEF NAUTILUS IV OBJECTIVE: Completion of the REEF NAUTILUS IV
Work to be CompletedWork to be CompletedWork to be CompletedWork to be CompletedAmount OutstandingAmount Outstanding
BZ$ US$
1 Install engines, transmission and drive gear $9,000 $4,500
2Recondition entire seating area of vessel and installation of new ceiling and lighting as well as marine carpeting and flooring and new safety bilge pumps as well including all materials. $7,000 $3,500
3Buffing and polishing of all glass on the underwater section; reseal and re-torque of all nuts etc.
$2,700 $1,350
4Complete reconstruction of bathroom using quality star board and Sam Wood plus any other materials (sink, rug, glue, etc.) $2,950 $1,475
5 Reapply epoxy primer to underwater section of aluminum hull plus materials $7,000 $3,5006 Complete electronic package for communication navigation, audio visual and signaling $10,000 $5,000
a. High quality GPS/Sounder b. 2x Icom VHF Radioc. 1 flat screen TV, monitor and DVD -40 inchd. Voice transmission Systeme. 5 x hand held communications radiof. Marine hailer
7 LED Lights - qty 25 RGB (IP67) LED Lights and controllers $12,000 $6,000
8 Complete bottom anti-fouling paint to underwater section of vessel & materials $6,500 $3,250SUBTOTAL: $57,150 $28,575
Monday, March 7, 2011
Belize Submarine - Projected Use of Funds
OBJECTIVE: Completion of the REEF NAUTILUS IV OBJECTIVE: Completion of the REEF NAUTILUS IV OBJECTIVE: Completion of the REEF NAUTILUS IV OBJECTIVE: Completion of the REEF NAUTILUS IV
Completed Work, Payment OutstandingCompleted Work, Payment OutstandingCompleted Work, Payment OutstandingCompleted Work, Payment Outstanding
Amount OutstandingAmount Outstanding
BZ$ US$
1 Painting upper section of vessel completed (labor) $5,000 $2,500
2 Preparation of underwater section and applying epoxy primer to entire area $6,300 $3,150
3 Sand blasting of entire vessel $3,300 $1,650
4 Crane work to install engines $1,020 $510
5 Acid washing and preparation of bare underwater aluminum section after sandblasting $1,300 $650
SUBTOTAL: $16,920 $8,460
Monday, March 7, 2011
Belize Submarine - Projected Use of Funds
OBJECTIVE: Completion of the REEF NAUTILUS IV OBJECTIVE: Completion of the REEF NAUTILUS IV OBJECTIVE: Completion of the REEF NAUTILUS IV OBJECTIVE: Completion of the REEF NAUTILUS IV
Miscellaneous ExpensesMiscellaneous ExpensesMiscellaneous ExpensesMiscellaneous Expenses
Port Fees - Dry Dockage $15,000
Stainless Steel Railings $2,000
Sea Anchors - Qty 3 $4,000
Fuel (Initial Fuel-up for 2 weeks of Operation) $8,000
Government Fees - Licensing and Renewals (one-time) $2,000
Uniforms - One-Time Charge $2,000
Insurance - Monthly Fee ($2M General Liability & $1M Vessel Comprehensive) $3,000
Workers: 5 on Sub, including announcer at $300 per day $1,200
Maintenance on Drowned Caye (Shannon including fuel) $100
Maintenance at San Pedro (Joe) $100
Armed Security on Drowned Caye $400
SUBTOTAL: $37,800
GRAND TOTAL: $74,835
Monday, March 7, 2011
Treasure Cove Belize Development Project
Monday, March 7, 2011
Treasure Cove Belize - Projected Development
• Treasure Cove Belize is located in Belize, Central America on the Island of Drowned Caye. Belize is the fastest growing tourist destination in the world. The property encompasses 75 acres of land more or less comprised of 5250’ linear feet of beach front with a depth of 716’ feet the total market value is Thirty Five Million U.S. Dollars. The property is valued at $6,750.00 per foot of beach frontage “SEE APPRAISAL” Treasure Cove Belize owns the largest most valuable virgin beach frontage facing the beautiful barrier reef in all of Belize, this property is the nearest to ALL major forms of transportation including the Cruise Port and International Airport.
Monday, March 7, 2011
International Appraisal for Gallows Point, Drowned Caye valued at $35,181,000 Million USD
Monday, March 7, 2011
Letters of Support & Interest
Monday, March 7, 2011
Letters of Support & Interest
Monday, March 7, 2011
Treasure Cove Belize You Better Belize It!
Monday, March 7, 2011
Thank You!!!
• We look forward to partnering with you on this venture of a lifetime!
• Time is your most valuable commodity in life, you only live once, so let’s turn your dreams into reality!
Monday, March 7, 2011
Appendix
Monday, March 7, 2011
Accredited Investor Information
• Accredited Investors
Under the Securities Act of 1933, a company that offers or sells its securities must register the securities with the SEC or find an exemption from the registration requirements. The Act provides companies with a number of exemptions. For some of the exemptions, such as rules 505 and 506 of Regulation D, a company may sell its securities to what are known as "accredited investors."
The federal securities laws define the term accredited investor in Rule 501 of Regulation D as:
1. a bank, insurance company, registered investment company, business development company, or small business investment company;
3. an employee benefit plan, within the meaning of the Employee Retirement Income Security Act, if a bank, insurance company, or registered investment adviser makes the investment decisions, or if the plan has total assets in excess of $5 million;
5. a charitable organization, corporation, or partnership with assets exceeding $5 million;
7. a director, executive officer, or general partner of the company selling the securities;
9. a business in which all the equity owners are accredited investors;
11. a natural person who has individual net worth, or joint net worth with the person’s spouse, that exceeds $1 million at the time of the purchase;
13. a natural person with income exceeding $200,000 in each of the two most recent years or joint income with a spouse exceeding $300,000 for those years and a reasonable expectation of the same income level in the current year; or
15. a trust with assets in excess of $5 million, not formed to acquire the securities offered, whose purchases a sophisticated person makes.For more information about the SEC’s registration requirements and common exemptions, read our brochure, Q&A: Small Business & the SEC.
Monday, March 7, 2011
Disclaimer - Forward Looking Statements
• All statements in this document are “forward-looking statements”. While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. THIS IS NOT AN OFFER TO SELL OR SOLICIT SECURITIES IN TREASURE ISLAND MANAGEMENT LIMITED. Neither the Securities and Exchange Commission (the “SEC” or the “Commission”), nor any state authority has approved or disapproved of this offering. Any representation to the contrary is a criminal offense.
Monday, March 7, 2011