One asset.
Two jobs.
Vessel 01 is designed to serve families at no cost—and earn enough in the commercial charter market to fund its operation, its people, its mission weeks, and a modest annual surplus.
She serves.
Seven days. No vessel charge. No Smiles program charge. The mission pays the family's fuel, food, logistics and professional support.
01
She earns.
Premium South Florida and Bahamas charters generate earned revenue to carry the vessel and finance the mission.
Designed to move from proof
to positive cash flow.
| Year 1 | Year 2 | Year 3 |
|---|
The guest's vacation expenses
do not consume the base charter fee.
Modeled as Smiles commercial revenue.
Guest-funded fuel, provisioning, itinerary dockage and related charter expenses.
APA is not counted as Smiles revenue or expense.
APA is reconciled against actual charter expenses. The model deliberately excludes it from both earned revenue and operating expense.
The economics reverse.
Smiles pays the week.
Premium operation.
Not absentee-owner economics.
The model does not assume a wealthy absentee owner, a full conventional yacht-management layer, or multiple permanent professional crew. It does assume responsible maintenance, a paid commercially qualified captain, and paid nonprofit leadership.
Smiles intends to maintain a premium charter platform exceptionally well while removing cost layers that do not improve safety, mission delivery or commercial performance.
Why not buy a cheaper yacht?
Because acquisition price is paid once. Lost earning power repeats every year.
Save on Day 1.
Potentially lower charter appeal, lower weekly rate, lower day-charter demand, less mission space or greater age/refit risk.
Optimize lifetime economics.
The least expensive vessel that can deliver the mission and compete credibly for premium South Florida/Bahamas charter demand.
The final acquisition decision will be based on vessel-specific survey, charter-rate evidence, fuel burn, maintenance history, insurance, layout, refit requirement and resale value—not prestige.
Philanthropy launches Vessel 01.
Earned income carries her forward.
*Current surplus figure is a working projection and will be automatically revised as the expense schedule is finalized. The updated $60K dockage assumption is intentionally flagged in the evidence room because it changes the previously modeled Year 1 expense base.
Optimistic enough to build.
Documented enough to interrogate.
Open any item. We separate market evidence from management assumptions and projected results.
Don't take the pitch on faith.
Review the assumptions, challenge the utilization, inspect the vessel criteria and follow every material number back to its source.