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What builder is this

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Old 01-05-2008, 09:18 PM
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Default 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.
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Old 01-05-2008, 09:27 PM
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It's Velocity.
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Old 01-05-2008, 09:30 PM
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Never saw Steve Stepp as a golfer. you sure ?
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Old 01-05-2008, 09:32 PM
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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.
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Old 01-05-2008, 09:45 PM
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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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Old 01-05-2008, 09:51 PM
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Steve is a huge golfer and has won some senior long drive contests.
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Old 01-05-2008, 09:52 PM
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Quote:
Originally Posted by LapseofReason View Post
Never saw Steve Stepp as a golfer. you sure ?
Steve is an avid golfer, has been for years.

Trust me, this is Velocity.
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Old 01-05-2008, 10:12 PM
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Quote:
Originally Posted by LapseofReason View Post
Been looking to get into something, no way in hell I could swing it but somebody here might.
Parnership?
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Old 01-05-2008, 10:27 PM
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Parnership?
Partnership is a poor ship to sail on.....................



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?
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Old 01-05-2008, 10:33 PM
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Parnership?
5 mil is about 4.5 mil more than what I am working with, Velocity I don't feel is worth near that much. I love offshore boats but don't think I want to try to compete with the other builders out there, plus it would look bad when I don't drive what I make.

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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