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Old 09-17-2014, 11:40 AM   #1
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Business Op. - Monk Molds

From the current issue of Boats and Harbors:
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Old 09-17-2014, 12:03 PM   #2
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A great way to make a small fortune-just start with a large one. IF the big boys with corporate or even Chinese government money couldn't make it, how can anybody else?
Meridian took the molds of the most popular designs ever designed to the landfill. I can drive you around in South Florida and show you hundreds of molds from 22'-90' you can have for free, if you would take them away (no easy task even that). Bertram has even given up the ghost after "moving" into the empty building that Sea Ray left behind. Pimping ain't easy. Lol
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Old 09-17-2014, 01:14 PM   #3
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Those molds have been for sale for a long time. Too nice of a boat, hopefully someone can make some money with them.
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Old 09-17-2014, 01:46 PM   #4
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I don't know if they are the same molds I've seen in the Florida Mariner for so long, but the purchase of those molds would likely be the least expensive part of any attempt to use them. Nothing would make me happier than to see someone prove otherwise.
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Old 09-17-2014, 03:57 PM   #5
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The thread where is the trawler market going has discussed at length the reduction in sales in the less than 48 feet trawler market. This is another example as the Monk's are fine boats.
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Old 09-17-2014, 07:08 PM   #6
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Originally, about 3-4 years ago, he had talked about going into production. That fell through now who knows what will happen to them. We love ours but getting into that business is another story.
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Old 09-17-2014, 07:14 PM   #7
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That's Robert from Bayside Yacht Sales down in Florida. He kind of specializes in selling trawlers. He was a good sized Mainship dealer. If he couldn't make it work, it would be difficult for anyone else.
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Old 09-17-2014, 07:30 PM   #8
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Originally Posted by Moonstruck View Post
That's Robert from Bayside Yacht Sales down in Florida. He kind of specializes in selling trawlers. He was a good sized Mainship dealer. If he couldn't make it work, it would be difficult for anyone else.
It would take a miracle man to put those molds back to work. A leader of men...an inspirational character....a fierce competitor....a modern thinker...a brilliant strategist...a vastly experienced business tycoon, respected and admired for his rare combo of wisdom, humility and ferocity! Don!

Deep pockets and a lot of beer would also help.
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Old 09-17-2014, 07:41 PM   #9
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It would take a miracle man to put those molds back to work. A leader of men...an inspirational character....a fierce competitor....a modern thinker...a brilliant strategist...a vastly experienced business tycoon, respected and admired for his rare combo of wisdom, humility and ferocity! Don!

Deep pockets and a lot of beer would also help.
You are right, Larry. I was too modest to say all that myself. Now, all I have to do is get enough of you guys like Matt, Rick, Anode, Larry, and Scary to work for nothing; and we will have a going concern.

Psst: Don't tell Mule he will try to unionize everyone.

All you guys please send a PM so I can tell you more about our starting date. Oh yeah, I will expect a little investment in the "company".

Eric will be in charge of selecting all anchors.
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Old 09-17-2014, 07:55 PM   #10
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Sounds great Don, thanks for spearheading the project. I'll take hull number 3 please.


Of course I can only pay you $10,000 and that has to be the delivered price to my berth in California.
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Old 09-17-2014, 08:05 PM   #11
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Ill be the plant janitor if I can get hull #1 cheap.
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Old 09-17-2014, 08:38 PM   #12
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Old 09-17-2014, 08:52 PM   #13
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Don - I'm in.

Launch em in SF and I'll captain each one for a three day sea trial around the Bay, out the Gate, and into the Delta... at NO labor cost. You supply refreshments and food. Fuel will be BIG write off for your new profit filled Company!

Such a deal!

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Old 09-17-2014, 10:19 PM   #14
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All you guys please send a PM so I can tell you more about our starting date. Oh yeah, I will expect a little investment in the "company". s.
Better get a salesman or two. I nominate PK and YBGuy.
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Old 09-17-2014, 10:27 PM   #15
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All you guys please send a PM so I can tell you more about our starting date. Oh yeah, I will expect a little investment in the "company".
.
Don: i can photoshop you all the funding you need.
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Old 09-18-2014, 05:31 AM   #16
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Once the hull is popped from the mold , you have about 10-15% of the boat.
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Old 09-18-2014, 07:12 AM   #17
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Once the hull is popped from the mold , you have about 10-15% of the boat.
Or... in todays retail market, brimming with "classic" low-cost pleasure craft:

96.44 % of the new planter!
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Old 09-18-2014, 07:57 AM   #18
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Better get a salesman or two. I nominate PK and YBGuy.
Mark will cover the NE and Keys.
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Old 09-18-2014, 08:02 AM   #19
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Or... in todays retail market, brimming with "classic" low-cost pleasure craft:

96.44 % of the new planter!

Art, you have just explained why the affordable boats are the used boats from the 70s and 80s. They can be brought back into service for a fraction of the cost of new. Until we get other methods of construction it will be difficult to bring a good, economical boat to market.
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Old 09-18-2014, 09:19 AM   #20
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Art, you have just explained why the affordable boats are the used boats from the 70s and 80s. They can be brought back into service for a fraction of the cost of new. Until we get other methods of construction it will be difficult to bring a good, economical boat to market.
Fellow I know purchased a latter 70's Tollycraft 34' tri cabin... for a song! Why price so low... it needed attention on several levels. PO was getting old, just could not be bothered.

This fellow had his "soon to be like new" Tolly tc repowered with twin diesels, new fuel system (tanks inc), new batts and elect system , rebuilt gen set, restored gel coat (painted where required), refurbished/improved the interior, new steering, new props, bottom paint, new canvas, new electronics... etc - - Then Splash! He had a structurally superior, virtually NEW boat that was built some 36 years ago.

His cost was under $130K... out the door, in the water, cruising/hooking to his heart's delight!

To purchase 2015 boat of same quality/size was estimated by surveyor at near $500K replacement cost. That means he got basically same quality (maybe better structural quality) boat for about 25% the cost of a brand new one. Market value depreciation on his expensive refurbishment will be immediate and steep, but, depreciation on the $500K brand new boat is also quickly steep... that depreciation cost on the new boat would in near years eclipse his total cost for restoration of good quality old boat. His depreciation will eventually level off at some 50% to 60% of the $130K expense. The new boat will not too distant future loose same %age or more. Difference in total dollar loss: Rebuilt Tolly = $70K +/- Brand New Boat = $275K +/-. Difference in boating enjoyment = NONE!

Reason that is possible: Boat builders that were really good at performing high quality build-outs (Tollycraft, Hatteras, Chris Craft., Uniflite - to name a few) built boats by the many, many thousands. Depreciation in their dollar value eventually sank to ground level - but - due to the extraordinary build quality many of these old boats can be re vitalized at a fraction of the cost for new. And, many of these "classic" boats have actually been well maintained by their PO's so they need little to no restoration... simply purchase, do minor improvements, get in, start up - - > CRUISE and HOOK!

How this way out of proportion classic old boat cost compared to new boat cost becomes rectified will simply take time for used-boat-disposal attrition to take affect - much time! Cause - there are simply too may thousands of good old tubs available for rock bottom purchase prices and the new tubs will always cost a fortune to build.
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