What builder is this
01-05-2008, 08:18 PM
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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.
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.
01-05-2008, 08:45 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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01-05-2008, 09:27 PM
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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?
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?
01-05-2008, 09:33 PM
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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.
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.
