Magic Powerboats financial problems?
 

I'm NOT trying to start a riot. Here are the facts:

My boat, a 29' Wizard XL, was having some work done at the factory and arrangements had been previously made to send them a check once complete.

One business hour before the boat was to be picked up Monday, 4-6-09 (so late Friday afternoon), I received a call from an employee (I'm withholding his name) stating that the owner just informed him only certified funds, preferably wired, would be accepted for the boat. I relented and paid them Friday afternoon via credit card.

Monday morning, my flatbed semi-truck driver was at their gate to pick the boat up and observed law enforcement and financial or lawyerly-appearing people.

Their phones have not been answered all day.

Thoughts?

There is a thread on it here. http://www.performanceboats.com/html...ad.php?t=34341



By Jayne Hanson
Wednesday, April 8, 2009 5:35 PM MST


A local boat manufacturer of two well-known brands of powerboats closed its doors Wednesday after 15 years of manufacturing and selling the floating luxury items.

Power Marine and Motor Sports Inc, manufacturing corporation of Magic Powerboats and Sleek Powerboats, bid farewell to its employees and consumers Monday for unknown reasons, according to the corporation’s owner.

“We are not bankrupt, we are just closing our doors. …It is very hard,” said Ron Moyes, owner of Magic and Sleek brand boat manufacturing corporation.

The longtime owner of the Lake Havasu City-based manufacturing plant and sales office would not comment as to reasons surrounding the company’s closure.

“We started downsizing (staff) last September,” Moyes said. Approximately 20 employees were affected by the closing this week, he siad.

“I think it is a big loss … it is symptomatic of what is happening in the marine industry right now,” said Jim Salscheider, executive director of Lake Havasu City Marine Association.

Moyes is the immediate past president and one of the founders of the Lake Havasu City Marine Association.

According to Salscheider, Lake Havasu City is currently home to four boat manufacturer companies that build boats from start to finish. Two other local companies build boat hulls and tops, which are then sold to other companies for finishing and branding, he said.

Moyes provided Today’s News-Herald with the farewell letter that will post today on the company’s Web site www.magicpowerboats.com that includes the message “We never imagined that we would be writing this letter to our amazing customers and friends. With tremendous hesitation and heartache we are closing our doors.

“The last 15 years have been filled with challenges, amazing memories, hard work and pride. “Thank your for your business.

“We are so thankful that you were all a part of our journey!”

You may contact the reporter at [email protected]

no answer
 

tried to call this am to have the boat serviced in havasu, was no answer, voice recording is on a loop. this is a real shame.

There is a lot of info about this on performance boats. com, on there [forums] I believe flat top marine in havasu may be doing warranty on the boats. If you are in need of engine service or engine warranty work any good service dealer will be able to help you out.

thanks for the help, i understand the i can get the boat serviced at any good dealer or shop . my point was magic was a great boat company and their going to be missed. i have an 07 28 deck great boat for havasu, very little work ever needs to be done, was hoping to maybe look at the 30 this year.now there will be no chance to get a new 30 built by them.