Example Rental Rate Calculation

Table of Contents
  1. Decide if you are interested in Prime Time, Ferry, or non-Prime Time.  Non-Prime Time is a 40% discount from the Prime Time rates.
     
  2. Decide if you want to stay for 1 or more days, a weekend, or a week (or more).  Weekly rate is the same as 3.5 days, so if you want to stay for more than 3 days, it's cheaper to take the weekly rate.
     
  3. Look under the correct Column, depending on the size of your family/group.  BBay's minimum rate is for 5 people or less (children under 5 are free), so if you have more than 5 people who are 5 yrs. old or older, you will be paying more than the minimum charge.
     
  4. Click on the link for the appropriate Case (or the closest one available, not all links are completed).
   

Size of Family or Group

Season

Duration

Family of 5 or less Group of 6 or more
Non-Prime Time

Oct. 16 - Dec. 14, and
 Jan. 16 - May 14

Day

any day of the week,
2 PM till 11 AM following day

Case A Case B
Long Week-end

2 PM Friday till 11 AM Monday

Case C Case D
mid-Week (Tuesday, Wed, Thurs)

2 PM Tues till 11 AM Thurs

Case E Case F
Week

2 PM Sat till 11 AM following Sat (7 nights & 8 days)

Case G Case H

Season

Duration

Family of 5 or less Group of 6 or more
Prime Time

May 15 - Oct. 15, and
Dec. 15 - Jan. 15

Day

any day of the week, 2 PM till 11 AM following day

Case I Case J
Long Week-end

2 PM Friday till 11 AM Monday

Case K Case L
mid-Week (Tuesday, Wed, Thurs)

2 PM Tues till 11 AM Thurs

Case M Case N
Week

2 PM Sat till 11 AM following Sat (7 nights & 8 days)

Case O Case P

 

Case "H":   Non-Prime-Time, 1 week, Group of 7

Our rates are based on  $ per person per day (or week), with a minimum charge.

Children under 5 yrs. old are free.

The rental rates do not include energy charges (ie. gasoline for backup generator, nor propane).

You will be required to replace the fuel that you use, or pay for us to replace it.

Basis of Calculation

Rental in non-prime time for 1 week with 2 parents, 3 teenagers, a 4 yr. old, and 2 grandparents.

Rental Fees

Rental Fee                                                                              CDN$ 560.00
GST @ 7%                                                                                         39.20
Security Deposit (50% of rental fee or $300, whichever is more)        300.00

TOTAL                                                                                       $ 899.20

Amount due with your Application:                                                $300.00
Amount due 3 months prior to the start of your rental period:          $560.00
Amount refundable after rental period (if no damage):                     $300.00

Net cost of your rental (assuming no damage):                                 $560.00

This net price is $ 11.43 per paying customer per night (56 person-nights).

Explanation of Rental Fee Calculation

There is a total of 4 adults, 3 teenagers, and one child under 5 yrs. of age.  The child under 5 yrs is free.  Therefore there are 7 paying customers (4+3=7, 1 free child under 5 yrs. old).

BBay's non-Prime-Time 2005 weekly rate is $400 per week for up to 5 people (substitute latest rate).  This equates to $11.43/person/night ($400/7/5= $11.43) or $80/person/week ($400/5= $80).

For the first 5 paying customers, it's $400  All the rest (the remaining 2 paying customers, 7-5= 2) are charged the same rate of CDN$11.43 per person per night.

7 people x $80/person/week= $560.00 per week for 7 paying customers

Since this is more than the minimum charge ($400), we will pay $560.00

 

Competitive Comparison

Compared to a Motel

For the motel equivalency, assuming 2 double beds (sleeps 4 people per room), you would have to get 2 motel rooms at less than $40 per night (taxes included) to get an equivalent room price.

Motel rates on Manitoulin are generally $60 per night per room.  Therefore motel rooms are 30% more expensive than BBay.

In addition, at BBay you have a full kitchen and dining room, saving the cost of eating out; room to move around, 113 acre forest to enjoy, canoe, private beach, etc..

Compared to Other Cottages

Here is a comparison of rental rates for cottages in Ontario.  You will see that BBay's rates are 16% below the median cottage rental rates in Ontario, Canada.

 

 

Case "P":   Prime-Time, 1 week, Group of 11

Our rates are based on  $ per person per day (or week), with a minimum charge.

Children under 5 yrs. old are free.

The rental rates do not include energy charges (ie. gasoline for backup generator, nor propane).

You will be required to replace the fuel that you use, or pay for us to replace it.

Basis of Calculation

My family (2 adults, a 5 year old and a baby 6 months old) would stay from Saturday June 4 and leave morning of Friday June 9 (5 nights).

Our friends (6 adults, two 5-year olds and two 4-year olds) will stay from Saturday June 4 through morning of Wednesday June 7 (3 nights).

 

Rental Fees

Rental Fee                                                                              CDN$ 1,287.15
GST @ 7%                                                                                             90.10
Security Deposit (50% of rental fee or $300, whichever is more)            643.58

TOTAL                                                                                            $ 2020.83

Amount due with your Application:                                                $643.58
Amount due 3 months prior to the start of your rental period:       $1,377.25
Amount refundable after rental period (if no damage):                     $643.58

Net cost of your rental (assuming no damage):                             $1,377.25

This net price is $ 35.31 per paying customer per night (39 person-nights)

Explanation of Rental Rate Calculation

You are in Prime Time (May 15 - Oct. 15), therefore Prime Time Rates apply.

You are staying more than a day, but less than a week, including a weekend.  BBay's weekly rate is cheaper than 3.5 days at the daily rate, so doing the weekly rate is better for you, even though you won't use all the available rental period. Weekly rate is still cheaper than combining the weekend plus some extra days at the daily rate.

Children under 5 are free, so there is only 3 paying customers in your family, and 6 paying customers in your friend's family.

The $850/wk minimum is for 5 people or less (2005 rates, substitute latest rates). That is $24.29/person per night ($850 / 7 / 5=$24.29).

With 3 paying in your family, you have 2 additional spots paid but not used (5 for $850 but only 3 family members).  Your friend's family can make use of these 2 additional spots.  That mean of the six people in your friend's family, 2 will be in the $850/wk minimum charge, and there will be 4 extra people.

BBay charges $24.29/person/night for extra people (same as weekly rate).

The extra people in your friend's family are staying 3 nights, so the extra charge is 24.28*3*4=$437.15

Adding the minimum charge for the week, we get a total rental fee of $1287.15       ($850 + 437.15= $1287.15)

There is 7% GST for a grand total of $1,377.25 (total cost of rental).

This rental fee is normally due 3 months before the start of your rental (rental starts on June 4, so 3 months before this is March 4.  Since it is already Apr. 29, the full rental fee is due with your application.

The damage deposit is 50% of the rental rate, or $688.62 (refundable within 2 weeks after the end of the rental, provided all is OK).

Deposit is due with your application

Your total cash flow is $2,065.87 at maximum, reducing to a total cost of $1,377.25 after the rental deposit is returned.

The only additional charge is the energy cost.  BBay's cottage is Green Powered for electricity, generated by our wind and solar power system.  However, we use propane for the kitchen stove, fridge, and hot water heater; and gasoline for the backup generator.  To ensure maximum energy efficiency, we have a "User Pays" system for fuel.  Assuming you don't exceed the solar/wind generating capacity, you will not have to run the generator.  Therefore, it's only propane that could cost extra.  The main user of propane is hot water heating (large amount needed to heat water & keep it hot), then the fridge (small continuous flow 24 hrs/day), and a little bit for the stove electrical (large flow for 30 min/day).

If you shower continuously for 1 week, you will consume approx. 45 # of propane for a cost of approx. $60.00  If you take a reasonable number of showers, your propane cost will probably be $20.00 for the week.

Competitive Comparison

Compared to a Motel

For the motel equivalency, assuming 2 double beds in each room (sleeps 4 people per room), you would have to get 1 room for 5 nights plus 3 rooms for 3 nights for a total of 14 room-nights.  You would have to find motels rooms for less than $91.94 plus GST per room per night to get an equivalent room price.

Motel rates on Manitoulin are generally $60 per night per room.  Therefore motel rooms are 34% cheaper than BBay (mainly due to staying only part week, but charged for a full week).

In addition, at BBay you have a full kitchen and dining room, saving the cost of eating out; room to move around, 113 acre forest to enjoy, canoe, private beach, etc..

Compared to Other Cottages

Here is a comparison of rental rates for cottages in Ontario.  You will see that BBay's rates are 16% below the median cottage rental rates in Ontario, Canada.