Powerquest Factory
12-09-2005 | 09:26 PM
#121
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Joined: Jun 2001
Posts: 69
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Re: Powerquest Factory
Originally Posted by Knot 4 Me
Looks good on paper but that would have been a huge capital investment over a short period of time even for one of the bigger boat manufactures, let alone a small builder that has a mainly regional following. Stable ownership that believes in the product, improvements in quality control, and first-rate customer service at both the factory and dealership level are key to ensuring Powerquest has a future. Once those items are established, then and only then should the company look forward to improving/expanding their product line.
A new helm for the 34/38 is not expensive and could have refreshed that boat for under $10k. A new 26 footer would cost about $100k to develop and tool. A 36 sport cruiser would cost about $400k to develop and tool and a 44 performance would cost about $500k to develop and tool.
Certainly that is a lot of money, but so were the 320 and 280 suncruiser molds and the 380 and 340 performance molds. However, those four boats have brought significant revenue and profitability to that company over the years and have easily paid for themselves many times over.
Both of those larger models would have been a natural step for many of the PQ owners who wanted to go bigger yet stay in a PQ.
12-09-2005 | 09:50 PM
#122
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Joined: Nov 2000
Posts: 3,949
Likes: 93
From: IL...XLOTO
Re: Powerquest Factory
Originally Posted by MK
Denny and I worked together at PQ and he has a great sense of what customers will buy.
A new helm for the 34/38 is not expensive and could have refreshed that boat for under $10k. A new 26 footer would cost about $100k to develop and tool. A 36 sport cruiser would cost about $400k to develop and tool and a 44 performance would cost about $500k to develop and tool.
Certainly that is a lot of money, but so were the 320 and 280 suncruiser molds and the 380 and 340 performance molds. However, those four boats have brought significant revenue and profitability to that company over the years and have easily paid for themselves many times over.
Both of those larger models would have been a natural step for many of the PQ owners who wanted to go bigger yet stay in a PQ.
A new helm for the 34/38 is not expensive and could have refreshed that boat for under $10k. A new 26 footer would cost about $100k to develop and tool. A 36 sport cruiser would cost about $400k to develop and tool and a 44 performance would cost about $500k to develop and tool.
Certainly that is a lot of money, but so were the 320 and 280 suncruiser molds and the 380 and 340 performance molds. However, those four boats have brought significant revenue and profitability to that company over the years and have easily paid for themselves many times over.
Both of those larger models would have been a natural step for many of the PQ owners who wanted to go bigger yet stay in a PQ.
Last edited by Mentalpause; 12-09-2005 at 09:53 PM.
12-10-2005 | 12:07 AM
#123
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Joined: Jan 2005
Posts: 4,822
Likes: 376
From: IL
Re: Powerquest Factory
Originally Posted by MK
Denny and I worked together at PQ and he has a great sense of what customers will buy.
A new helm for the 34/38 is not expensive and could have refreshed that boat for under $10k. A new 26 footer would cost about $100k to develop and tool. A 36 sport cruiser would cost about $400k to develop and tool and a 44 performance would cost about $500k to develop and tool.
Certainly that is a lot of money, but so were the 320 and 280 suncruiser molds and the 380 and 340 performance molds. However, those four boats have brought significant revenue and profitability to that company over the years and have easily paid for themselves many times over.
Both of those larger models would have been a natural step for many of the PQ owners who wanted to go bigger yet stay in a PQ.
A new helm for the 34/38 is not expensive and could have refreshed that boat for under $10k. A new 26 footer would cost about $100k to develop and tool. A 36 sport cruiser would cost about $400k to develop and tool and a 44 performance would cost about $500k to develop and tool.
Certainly that is a lot of money, but so were the 320 and 280 suncruiser molds and the 380 and 340 performance molds. However, those four boats have brought significant revenue and profitability to that company over the years and have easily paid for themselves many times over.
Both of those larger models would have been a natural step for many of the PQ owners who wanted to go bigger yet stay in a PQ.
didnt Kevin Herdis from Powerquest get the 320 molds from the company that had been trying to make the original 30 foot step molds as a trade because the original 30 step had a unsafe ride?
12-10-2005 | 08:50 AM
#125
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Joined: Jun 2001
Posts: 69
Likes: 1
Re: Powerquest Factory
Originally Posted by boatnt
so is Powerquest in trouble because they did not listen to Denny?
didnt Kevin Herdis from Powerquest get the 320 molds from the company that had been trying to make the original 30 foot step molds as a trade because the original 30 step had a unsafe ride?
didnt Kevin Herdis from Powerquest get the 320 molds from the company that had been trying to make the original 30 foot step molds as a trade because the original 30 step had a unsafe ride?
Denny has the connections and can sell boats and Powerquest would not be in the same situation today if they had kept Denny on board in charge of sales - whether the specific ideas mentioned above were implemented or not.
PQ had Marine Concepts out of Florida tool the 30 a few different times. They also tooled the 28/32 cruisers.
12-10-2005 | 09:50 AM
#126
Member #9
Joined: Oct 2000
Posts: 4,273
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From: Pewaukee, WI
Re: Powerquest Factory
Originally Posted by MK
Denny has the connections and can sell boats and Powerquest would not be in the same situation today if they had kept Denny on board in charge of sales
I agree, Denny had a knack for dealing with people and made many friends. I always looked forward to speaking to him at the boat shows and even when we toured PQ. PQ like Sunsation probably figured he did his job by bringing in more dealers and then let him go
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12-11-2005 | 10:40 AM
#128
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From: IL
Re: Powerquest Factory
Originally Posted by MK
Powerquest is in trouble because they did not sell enough boats in the last 4 years.
Denny has the connections and can sell boats and Powerquest would not be in the same situation today if they had kept Denny on board in charge of sales - whether the specific ideas mentioned above were implemented or not.
PQ had Marine Concepts out of Florida tool the 30 a few different times. They also tooled the 28/32 cruisers.
Denny has the connections and can sell boats and Powerquest would not be in the same situation today if they had kept Denny on board in charge of sales - whether the specific ideas mentioned above were implemented or not.
PQ had Marine Concepts out of Florida tool the 30 a few different times. They also tooled the 28/32 cruisers.
I think one of the reasons PQ did not sell a lot of boats is beacause a lot of the dealers dropped them.
the dealers I spoke with that dropped PQ all had the same thing to say,PQ was pussing them in ordering 34s and mostly the 38s in a market were their needs were more for 26 and 28s.
Then PQ tried going factory direct sales,did they really think that was going to work?
If they kept the dealers they would at least been building boats for dealer stock.
then at they end they were going back with dealer sales.
I think they were a lot of mistakes made from everyone at PQ they brought them to were they are today.
