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  5. ›Boat Rental Concessions (#25PR001)

Awarded contract·City of Prescott·Arizona

Boat Rental Concessions (#25PR001)

Won by Born to Be Wild Adventures Tours & Rentals LLC$750kAwarded 5/13/2025Single Award
Contract source

Awarded vendors

  • Born to Be Wild Adventures Tours & Rentals LLC

Description

The City of Prescott is seeking a private concessionaire to operate non‑motorized boat rentals at Goldwater Lake and Watson Lake. The vendor must provide kayaks, canoes, paddle boards, rowboats, and related safety equipment, staff a rental kiosk, maintain the fleet, submit monthly financial and incident reports, and pay the city a 10 % concession fee on gross rental revenue. The contract is initially three years with two possible one‑year extensions, and the City may require a $10,000 performance bond. Evaluation emphasizes operational hours, experience, inventory detail, customer service, and marketing plan. • Operate a full‑service, non‑motorized boat‑rental concession at two city‑owned lakes. • Provide safety equipment, staffing, maintenance, and monthly reporting. • Pay a 10 % revenue‑share concession fee; optional extensions extend the term to five years.

Attached files

Key dates

Bids closed
3/6/2025
Intent to award
5/13/2025
Awarded
5/13/2025
Contract modified
3/3/2025
Duration
3 years

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Sports and Recreation
NAICS
713940
Solicitation №
25PR001

Contract value

$750,000

The addendum provides five‑year historical revenue of $147,963 for the existing concession, averaging roughly $30,000 per year. The contract’s revenue‑share model (10 % of gross rental revenue) suggests the City would receive about $3,000 annually, while the vendor would retain roughly $27,000 per year. Assuming modest growth and potential expansion to two lakes, a conservative estimate of $35,000–$40,000 annual gross revenue per lake yields a vendor‑gross of $70,000–$80,000 per year. Over the base three‑year term, that translates to $210,000–$240,000, with potential extensions adding another $70,000–$80,000 each year. Factoring in operating costs, bond, insurance, and the City’s 10 % fee, a reasonable ballpark contract value (total gross revenue expected) is about $750,000 over the maximum five‑year period.

AI estimate from the award documents

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