What builder is this
In Orlando fl.
http://www.businessesforsale.com/us/...-For-Sale.aspx Been looking to get into something, no way in hell I could swing it but somebody here might. |
It's Velocity.
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Never saw Steve Stepp as a golfer. you sure ?
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HMmm.. I been looking to get into something to.
I think it is Velocity and it's not worth 5 mill. |
If it is then I think he's getting out before he has to revamp his line. They have been pretty much the same boat for a long time now. Even Sonic is moving ahead.
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Steve is a huge golfer and has won some senior long drive contests.
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Originally Posted by LapseofReason
(Post 2394890)
Never saw Steve Stepp as a golfer. you sure ?
Trust me, this is Velocity. |
Originally Posted by LapseofReason
(Post 2394875)
Been looking to get into something, no way in hell I could swing it but somebody here might.
|
Originally Posted by fabricator
(Post 2394916)
Parnership?
It is Velocity in Sanford, FL outside Orlando and the highway they speak of is I-4. 5 million sitting in a munibond account earning even 6% is 300K a year tax free. I wouldn't even think of the boat business even if on paper it showed I could make 600K a year. Rising insurance/ fuel prices have pushed Velocity into the center console business for a reason, they can't easily sell their go fast boats. It also notes 3 million in the asset/furniture category but no where it mentions the land/building. Would love to see the 3MM desK! Now imagine what Skip thinks Cigarette is worth! 25MM/ 50MM or more? |
Originally Posted by fabricator
(Post 2394916)
Parnership?
I think the market is going in the same direction I want to go with my boating, Large Center Consoles with 4 stroke outboard power. There will still be a high demand for the elite builders like Nortech, Outerlimits, Cig,and a few others. I would like to see the change at Fountain where for the most part they make a good boat in 3 styles, how much of the orders of the go fast boats have dropped and how many more express cruisers and center consoles get ordered. |
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